Short Interest in AMN Healthcare Services, Inc. (NYSE:AMN) Decreases By 7.1%

AMN Healthcare Services, Inc. (NYSE:AMN) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 4,070,000 shares, a decrease of 7.1% from the November 15th total of 4,380,000 shares. Currently, 10.8% of the shares of the company are short sold. Based on an average daily trading volume, of 1,060,000 shares, the short-interest ratio is currently 3.8 days.

Insider Activity

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of the business’s stock in a transaction dated Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total value of $90,810.90. Following the sale, the chief financial officer now directly owns 37,550 shares in the company, valued at $1,385,595. The trade was a 6.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.93% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in AMN Healthcare Services by 152.4% in the third quarter. FMR LLC now owns 4,640,599 shares of the company’s stock valued at $196,715,000 after acquiring an additional 2,801,663 shares during the last quarter. Pacer Advisors Inc. purchased a new position in shares of AMN Healthcare Services in the 2nd quarter valued at about $99,349,000. Thrivent Financial for Lutherans grew its holdings in AMN Healthcare Services by 3,753.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,263,326 shares of the company’s stock worth $64,721,000 after acquiring an additional 1,230,543 shares in the last quarter. American Century Companies Inc. increased its holdings in AMN Healthcare Services by 95.3% in the second quarter. American Century Companies Inc. now owns 775,139 shares of the company’s stock valued at $39,710,000 after buying an additional 378,266 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of AMN Healthcare Services by 54.5% during the 3rd quarter. Wellington Management Group LLP now owns 773,015 shares of the company’s stock worth $32,768,000 after acquiring an additional 272,552 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Stock Down 5.7 %

NYSE:AMN traded down $1.54 during trading hours on Monday, reaching $25.48. The company’s stock had a trading volume of 908,508 shares, compared to its average volume of 851,864. AMN Healthcare Services has a 12 month low of $23.37 and a 12 month high of $80.22. The stock has a 50 day moving average price of $32.79 and a two-hundred day moving average price of $45.32. The company has a market capitalization of $970.13 million, a P/E ratio of 18.46 and a beta of 0.04. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.18 and a current ratio of 1.18.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $687.51 million for the quarter, compared to analyst estimates of $670.08 million. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. During the same period in the previous year, the company earned $1.97 earnings per share. Equities analysts predict that AMN Healthcare Services will post 3.07 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. BMO Capital Markets reduced their price target on shares of AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. Bank of America cut shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $65.00 to $48.00 in a research note on Monday, October 7th. Jefferies Financial Group decreased their target price on shares of AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Finally, William Blair lowered shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $48.33.

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.