AMN Healthcare Services (NYSE:AMN) Stock Price Down 4.7% on Analyst Downgrade

AMN Healthcare Services Inc (NYSE:AMN) was down 4.7% on Wednesday after Bank of America lowered their price target on the stock from $20.00 to $18.00. Bank of America currently has an underperform rating on the stock. AMN Healthcare Services traded as low as $19.87 and last traded at $19.85. Approximately 142,126 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 880,261 shares. The stock had previously closed at $20.83.

AMN has been the subject of several other research reports. UBS Group dropped their price target on AMN Healthcare Services from $30.00 to $25.50 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. BMO Capital Markets dropped their price target on AMN Healthcare Services from $27.00 to $22.00 and set an “outperform” rating for the company in a research report on Monday, August 11th. Finally, JMP Securities decreased their price objective on AMN Healthcare Services from $33.00 to $22.00 and set a “market outperform” rating on the stock in a report on Tuesday, August 12th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $23.25.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. raised its position in AMN Healthcare Services by 55.9% in the second quarter. Osaic Holdings Inc. now owns 5,527 shares of the company’s stock valued at $114,000 after purchasing an additional 1,981 shares during the period. Orion Porfolio Solutions LLC raised its position in AMN Healthcare Services by 6.1% in the second quarter. Orion Porfolio Solutions LLC now owns 29,339 shares of the company’s stock valued at $606,000 after purchasing an additional 1,679 shares during the period. Public Sector Pension Investment Board raised its position in AMN Healthcare Services by 8.1% in the second quarter. Public Sector Pension Investment Board now owns 130,549 shares of the company’s stock valued at $2,698,000 after purchasing an additional 9,812 shares during the period. Tower Research Capital LLC TRC raised its position in AMN Healthcare Services by 49.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock valued at $64,000 after purchasing an additional 1,020 shares during the period. Finally, State of Tennessee Department of Treasury raised its position in AMN Healthcare Services by 64.4% in the second quarter. State of Tennessee Department of Treasury now owns 15,034 shares of the company’s stock valued at $311,000 after purchasing an additional 5,889 shares during the period. 99.23% of the stock is owned by hedge funds and other institutional investors.

AMN Healthcare Services Stock Down 6.1%

The firm has a 50-day simple moving average of $19.74 and a 200 day simple moving average of $21.22. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market capitalization of $749.39 million, a PE ratio of -2.52 and a beta of 0.12.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.17 by $0.13. AMN Healthcare Services had a positive return on equity of 11.09% and a negative net margin of 10.75%.The company had revenue of $658.18 million for the quarter, compared to analyst estimates of $652.89 million. During the same period last year, the company posted $0.98 earnings per share. The firm’s revenue was down 11.1% compared to the same quarter last year. AMN Healthcare Services has set its Q3 2025 guidance at EPS. On average, research analysts predict that AMN Healthcare Services Inc will post 1.33 EPS for the current fiscal year.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. The Nurse and Allied Solutions segment offers travel nurse staffing, labor disruption staffing, local staffing, international nurse and allied permanent placement, and allied staffing solutions.