AMN Healthcare Services, Inc. (AMN)

Between mid-July 2025 and mid-January 2026, AMN Healthcare's stock experienced a decline of 32.38% between December 30, 2024, and December 26, 2025, with a 52-week range between $14.87 and $30.49. In November 2025, AMN Healthcare reported third-quarter revenue that exceeded expectations despite a 7.7% year-over-year decline to $634.5 million. In July 2025, the company sold its Smart Square scheduling and staff planning software, generating $65 million in proceeds during the third quarter. The healthcare staffing industry underwent its largest "cyclical reset" in history in 2023, which continued to influence the market.

Demand for AMN Healthcare's products and services exhibits some seasonality and cyclicality. Demand improved through the third quarter of 2025, with winter order volume showing an increase year over year. Overall, demand for healthcare workforce solutions continues to exceed pre-pandemic levels, with particularly strong demand noted for therapy and imaging specialties. The aging U.S. population and a tight labor market for clinicians are strong macro trends driving consistent demand for AMN's services.

AMN Healthcare Services, Inc. is a leading provider of healthcare workforce solutions and staffing services in the United States, operating in the Healthcare Facilities & Services industry and the Professional Services sector. The company addresses staffing shortages and enhances patient care through nurse and allied solutions, physician and leadership solutions, and technology and workforce solutions.

AMN Healthcare Services, Inc. primarily operates in the United States, serving clients across all 50 states with a significant presence in California, New York, and Texas. The company's headquarters are located in Coppell, Texas, with additional offices in California (San Diego), Florida (Boca Raton, Clearwater), and Georgia (Atlanta).

In April 2024, AMN Healthcare reportedly laid off over 30% of its workforce, impacting various departments. This event, coupled with a perceived lack of transparency regarding changes and leadership, led to negative sentiment among employees. The layoffs and leadership changes under the new President and CEO, Cary Grace, following Susan Salka's retirement, were noted as contributing to a "bleak turn" for the company.

AMN Healthcare Services, Inc. is predominantly owned by institutional investors, who collectively held 104.59% of the company's shares as of March 2025. Major institutional shareholders include BlackRock, Inc., The Vanguard Group, Inc., State Street Corp., Morgan Stanley, D. E. Shaw & Co., Inc., and Millennium Management Llc. Insider ownership represents a minimal portion of total shares, typically under 1%.