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

AMN Healthcare Services Inc (NYSE:AMN) saw a significant increase in short interest in 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 volume of 2,162,138 shares, the days-to-cover ratio is currently 1.0 days. Currently, 5.7% of the company’s stock are short sold. Currently, 5.7% of the company’s stock are short sold. Based on an average daily volume of 2,162,138 shares, the days-to-cover ratio is currently 1.0 days.

AMN Healthcare Services Stock Down 1.1%

Shares of AMN traded down $0.21 on Tuesday, hitting $18.47. The company’s stock had a trading volume of 1,054,461 shares, compared to its average volume of 1,609,613. The firm’s fifty day moving average price is $19.27 and its 200-day moving average price is $18.48. AMN Healthcare Services has a fifty-two week low of $14.86 and a fifty-two week high of $25.43. 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 capitalization of $713.80 million, a price-to-earnings ratio of -7.42, a P/E/G ratio of 0.76 and a beta of 0.23.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, February 19th. The company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. AMN Healthcare Services had a negative net margin of 3.51% and a positive return on equity of 8.05%. The firm had revenue of $748.23 million for the quarter, compared to the consensus estimate of $723.11 million. During the same period last year, the company posted $0.75 EPS. The business’s quarterly revenue was up 1.8% on a year-over-year basis. On average, equities research analysts expect that AMN Healthcare Services will post 1.33 EPS for the current year.

Institutional Investors Weigh In On AMN Healthcare Services

Several institutional investors have recently added to or reduced their stakes in the stock. Summit Securities Group LLC bought a new position in AMN Healthcare Services during the 4th quarter worth about $32,000. Strengthening Families & Communities LLC lifted its holdings in shares of AMN Healthcare Services by 238.5% in the third quarter. Strengthening Families & Communities LLC now owns 1,713 shares of the company’s stock valued at $33,000 after purchasing an additional 1,207 shares in the last quarter. China Universal Asset Management Co. Ltd. lifted its holdings in shares of AMN Healthcare Services by 200.0% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock valued at $47,000 after purchasing an additional 2,000 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in shares of AMN Healthcare Services during the third quarter worth about $63,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of AMN Healthcare Services by 49.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock worth $64,000 after buying an additional 1,020 shares in the last quarter. 99.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on AMN shares. Zacks Research raised shares of AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AMN Healthcare Services in a research note on Wednesday, January 21st. JPMorgan Chase & Co. set a $25.00 price objective on AMN Healthcare Services in a research note on Thursday, January 15th. Citigroup restated an “outperform” rating on shares of AMN Healthcare Services in a research note on Monday, February 23rd. Finally, UBS Group boosted their price objective on AMN Healthcare Services from $19.00 to $19.50 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $22.64.

About AMN Healthcare Services

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.