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

AMN Healthcare Services Inc (NYSE:AMN) saw a significant decrease in short interest in the month of 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. Currently, 5.1% of the company’s shares are sold short. Based on an average daily trading volume, of 1,193,351 shares, the short-interest ratio is currently 1.6 days. Based on an average daily trading volume, of 1,193,351 shares, the short-interest ratio is currently 1.6 days. Currently, 5.1% of the company’s shares are sold short.

AMN Healthcare Services Price Performance

Shares of NYSE AMN opened at $16.36 on Wednesday. The firm has a market capitalization of $628.23 million, a P/E ratio of -2.27 and a beta of 0.22. The firm’s 50-day moving average price is $17.69 and its 200-day moving average price is $18.35. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.31. AMN Healthcare Services has a 1-year low of $14.86 and a 1-year high of $30.49.

Hedge Funds Weigh In On AMN Healthcare Services

A number of institutional investors have recently modified their holdings of the company. Royal Bank of Canada grew its position in AMN Healthcare Services by 1.5% in the 1st quarter. Royal Bank of Canada now owns 194,366 shares of the company’s stock valued at $4,753,000 after purchasing an additional 2,784 shares during the period. AQR Capital Management LLC increased its position in shares of AMN Healthcare Services by 54.2% during the first quarter. AQR Capital Management LLC now owns 98,026 shares of the company’s stock worth $2,398,000 after acquiring an additional 34,465 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of AMN Healthcare Services in the 1st quarter worth about $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in AMN Healthcare Services by 2.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company’s stock valued at $1,050,000 after acquiring an additional 1,153 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in AMN Healthcare Services by 13.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 429,908 shares of the company’s stock valued at $10,516,000 after purchasing an additional 51,737 shares during the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMN has been the subject of a number of recent analyst reports. UBS Group increased their target price on shares of AMN Healthcare Services from $18.00 to $20.50 and gave the company a “neutral” rating in a research report on Friday, November 7th. Zacks Research upgraded shares of AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of AMN Healthcare Services in a research note on Wednesday, January 21st. BMO Capital Markets boosted their target price on shares of AMN Healthcare Services from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Thursday, January 15th. Finally, Citigroup reiterated a “market outperform” rating on shares of AMN Healthcare Services in a report on Friday, December 19th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $22.42.

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.