AMN Healthcare Services Inc (NYSE:AMN) Short Interest Up 18.6% in February

AMN Healthcare Services Inc (NYSE:AMN) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 2,171,679 shares, an increase of 18.6% from the February 12th total of 1,830,555 shares. Based on an average daily trading volume, of 2,162,138 shares, the short-interest ratio is currently 1.0 days. Currently, 5.7% of the company’s shares are short sold. Currently, 5.7% of the company’s shares are short sold. Based on an average daily trading volume, of 2,162,138 shares, the short-interest ratio is currently 1.0 days.

AMN Healthcare Services Stock Down 3.0%

NYSE AMN traded down $0.55 during trading hours on Wednesday, hitting $17.90. 510,791 shares of the company were exchanged, compared to its average volume of 1,452,441. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.19. The firm has a market cap of $691.66 million, a price-to-earnings ratio of -7.19, a PEG ratio of 0.76 and a beta of 0.23. The company has a 50 day moving average of $19.27 and a two-hundred day moving average of $18.48. AMN Healthcare Services has a 52-week low of $14.86 and a 52-week high of $25.43.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. AMN Healthcare Services had a positive return on equity of 8.05% and a negative net margin of 3.51%.The business had revenue of $748.23 million during the quarter, compared to analysts’ expectations of $723.11 million. During the same quarter last year, the business posted $0.75 EPS. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. Equities research analysts anticipate that AMN Healthcare Services will post 1.33 earnings per share for the current year.

Institutional Investors Weigh In On AMN Healthcare Services

Large investors have recently modified their holdings of the company. Alpine Global Management LLC purchased a new position in AMN Healthcare Services in the fourth quarter valued at $176,000. Invesco Ltd. raised its holdings in AMN Healthcare Services by 4.9% during the fourth quarter. Invesco Ltd. now owns 410,993 shares of the company’s stock worth $6,477,000 after purchasing an additional 19,352 shares in the last quarter. State of Tennessee Department of Treasury lifted its position in shares of AMN Healthcare Services by 55.7% during the 4th quarter. State of Tennessee Department of Treasury now owns 23,402 shares of the company’s stock worth $369,000 after buying an additional 8,368 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of AMN Healthcare Services in the 4th quarter valued at $826,000. Finally, XTX Topco Ltd boosted its holdings in shares of AMN Healthcare Services by 20.4% in the 4th quarter. XTX Topco Ltd now owns 55,748 shares of the company’s stock valued at $879,000 after buying an additional 9,446 shares in the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on AMN. Zacks Research raised AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. JPMorgan Chase & Co. set a $25.00 price target on shares of AMN Healthcare Services in a research note on Thursday, January 15th. Robert W. Baird increased their price target on shares of AMN Healthcare Services from $21.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. UBS Group lifted their price objective on shares of AMN Healthcare Services from $19.00 to $19.50 and gave the company a “neutral” rating in a report on Friday, February 20th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AMN Healthcare Services in a research note on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $22.64.

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.