Short Interest in AMN Healthcare Services Inc (NYSE:AMN) Grows By 18.6%

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

Institutional Trading of AMN Healthcare Services

A number of hedge funds and other institutional investors have recently bought and sold shares of AMN. Royal Bank of Canada boosted its holdings 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 holdings in shares of AMN Healthcare Services by 54.2% in the first quarter. AQR Capital Management LLC now owns 98,026 shares of the company’s stock worth $2,398,000 after purchasing an additional 34,465 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of AMN Healthcare Services in the first quarter worth $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of AMN Healthcare Services by 2.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,938 shares of the company’s stock worth $1,050,000 after buying an additional 1,153 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of AMN Healthcare Services by 13.7% in the first quarter. Goldman Sachs Group Inc. now owns 429,908 shares of the company’s stock worth $10,516,000 after buying an additional 51,737 shares in the last quarter. Institutional investors own 99.23% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup reiterated an “outperform” rating on shares of AMN Healthcare Services in a research report on Monday, February 23rd. Robert W. Baird boosted their price target on shares of AMN Healthcare Services from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. UBS Group upped their price target on shares of AMN Healthcare Services from $19.00 to $19.50 and gave the company a “neutral” rating in a research note on Friday, February 20th. BMO Capital Markets raised their price objective on shares of AMN Healthcare Services from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Thursday, January 15th. Finally, JPMorgan Chase & Co. set a $25.00 price objective on shares of AMN Healthcare Services in a research note on Thursday, January 15th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.64.

AMN Healthcare Services Price Performance

NYSE AMN traded down $0.20 during trading hours on Monday, hitting $18.71. The company had a trading volume of 1,150,265 shares, compared to its average volume of 1,552,100. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $722.76 million, a price-to-earnings ratio of -7.51, a PEG ratio of 0.76 and a beta of 0.23. AMN Healthcare Services has a 52 week low of $14.86 and a 52 week high of $26.77. The firm has a 50 day simple moving average of $19.21 and a 200 day simple moving average of $18.50.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.22 earnings per share 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 firm had revenue of $748.23 million for the quarter, compared to analysts’ expectations of $723.11 million. During the same period in the prior year, the business posted $0.75 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis. Equities research analysts expect that AMN Healthcare Services will post 1.33 earnings per share for the current year.

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.