AMN Healthcare Services Inc (NYSE:AMN) Sees Large Growth in Short Interest

AMN Healthcare Services Inc (NYSE:AMN) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 2,812,579 shares, an increase of 29.5% from the February 26th total of 2,171,679 shares. Approximately 7.3% of the shares of the company are short sold. Based on an average daily volume of 1,158,275 shares, the days-to-cover ratio is currently 2.4 days.

Analyst Ratings Changes

A number of analysts recently issued reports on AMN shares. Weiss Ratings reissued a “sell (d-)” rating on shares of AMN Healthcare Services in a report on Wednesday, January 21st. Robert W. Baird upped their price objective 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. BMO Capital Markets increased their target price on shares of AMN Healthcare Services from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, January 15th. UBS Group raised their target price on AMN Healthcare Services from $19.00 to $19.50 and gave the company a “neutral” rating in a research report on Friday, February 20th. Finally, Citigroup restated an “outperform” rating on shares of AMN Healthcare Services in a research note on Monday, February 23rd. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, AMN Healthcare Services presently has a consensus rating of “Hold” and an average target price of $22.64.

AMN Healthcare Services Price Performance

Shares of NYSE:AMN traded down $0.60 during midday trading on Friday, reaching $18.98. 563,803 shares of the company’s stock traded hands, compared to its average volume of 1,074,116. The company has a fifty day simple moving average of $19.51 and a two-hundred day simple moving average of $18.38. AMN Healthcare Services has a 1 year low of $14.86 and a 1 year high of $24.72. The company has a market cap of $733.39 million, a P/E ratio of -7.62, a PEG ratio of 0.77 and a beta of 0.23. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.94 and a current ratio of 0.94.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in AMN Healthcare Services by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,388,431 shares of the company’s stock worth $84,960,000 after buying an additional 16,315 shares in the last quarter. Millennium Management LLC lifted its position in shares of AMN Healthcare Services by 55.8% in the fourth quarter. Millennium Management LLC now owns 2,005,966 shares of the company’s stock valued at $31,614,000 after acquiring an additional 718,048 shares in the last quarter. State Street Corp boosted its stake in shares of AMN Healthcare Services by 1.8% in the fourth quarter. State Street Corp now owns 1,624,935 shares of the company’s stock worth $25,609,000 after acquiring an additional 28,479 shares during the last quarter. Boston Partners boosted its stake in shares of AMN Healthcare Services by 7,583.1% in the fourth quarter. Boston Partners now owns 1,035,145 shares of the company’s stock worth $16,313,000 after acquiring an additional 1,021,672 shares during the last quarter. Finally, Woodline Partners LP purchased a new stake in shares of AMN Healthcare Services during the third quarter worth approximately $19,176,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

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.