AMN Healthcare Services Inc (NYSE:AMN) Sees Significant Decline in Short Interest

AMN Healthcare Services Inc (NYSE:AMN) saw a significant decrease in short interest in January. As of January 30th, there was short interest totaling 1,945,851 shares, a decrease of 18.6% from the January 15th total of 2,389,293 shares. Based on an average trading volume of 1,193,351 shares, the short-interest ratio is presently 1.6 days. Approximately 5.1% of the company’s shares are short sold. Approximately 5.1% of the company’s shares are short sold. Based on an average trading volume of 1,193,351 shares, the short-interest ratio is presently 1.6 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Strengthening Families & Communities LLC raised its position in shares of AMN Healthcare Services by 238.5% during the 3rd quarter. Strengthening Families & Communities LLC now owns 1,713 shares of the company’s stock valued at $33,000 after acquiring an additional 1,207 shares in the last quarter. China Universal Asset Management Co. Ltd. raised its holdings in shares of AMN Healthcare Services by 200.0% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock worth $47,000 after purchasing an additional 2,000 shares during the period. Johnson Financial Group Inc. bought a new position in shares of AMN Healthcare Services in the 3rd quarter worth about $63,000. Tower Research Capital LLC TRC boosted its holdings in shares of AMN Healthcare Services by 49.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock valued at $64,000 after buying an additional 1,020 shares during the period. Finally, Covestor Ltd grew its position in shares of AMN Healthcare Services by 13.9% during the 3rd quarter. Covestor Ltd now owns 4,747 shares of the company’s stock valued at $92,000 after buying an additional 579 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Analysts Set New Price Targets

AMN has been the subject of a number of research reports. Zacks Research raised shares of AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. Wall Street Zen raised AMN Healthcare Services from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Citigroup reiterated a “market outperform” rating on shares of AMN Healthcare Services in a research note on Friday, December 19th. BMO Capital Markets boosted their price target on AMN Healthcare Services from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Thursday, January 15th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AMN Healthcare Services in a research report on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $22.42.

AMN Healthcare Services Price Performance

Shares of AMN stock opened at $16.36 on Wednesday. The firm has a market cap of $628.23 million, a P/E ratio of -2.27 and a beta of 0.22. The firm has a fifty day moving average of $17.69 and a two-hundred day moving average of $18.35. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.05 and a quick ratio of 1.05. AMN Healthcare Services has a 1-year low of $14.86 and a 1-year high of $30.49.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.