AMN Healthcare Services Inc. (AHS) Lowered to “Hold” at Zacks Investment Research
AMN Healthcare Services Inc. (NYSE:AHS) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “AMN Healthcare Services, Inc. is a travel healthcare staffing company. It recruits and places nurses, physicians, and other healthcare professionals in travel or permanent assignments in acute-care facilities, physician practice groups, and other healthcare facilities. The Company’s professionals include RNs, surgical technologists, nurse practitioners, respiratory therapists, radiology technologists, rehab professionals, and therapy assistants. AMN Healthcare Services, Inc. is headquartered in San Diego, California. “
A number of other equities analysts have also recently commented on the stock. BMO Capital Markets reaffirmed a “buy” rating and issued a $47.00 target price on shares of AMN Healthcare Services in a report on Wednesday, September 7th. Lake Street Capital lifted their target price on shares of AMN Healthcare Services from $46.00 to $50.00 and gave the company a “buy” rating in a report on Friday, August 5th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $45.80.
Shares of AMN Healthcare Services (NYSE:AHS) traded up 2.68% during midday trading on Wednesday, hitting $31.43. 971,394 shares of the stock were exchanged. AMN Healthcare Services has a 12-month low of $21.24 and a 12-month high of $44.99. The firm has a market cap of $1.51 billion, a PE ratio of 14.56 and a beta of 0.85. The firm has a 50-day moving average price of $34.57 and a 200 day moving average price of $37.11.
AMN Healthcare Services (NYSE:AHS) last announced its earnings results on Thursday, August 4th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. The business had revenue of $473.70 million for the quarter, compared to analysts’ expectations of $455.14 million. AMN Healthcare Services had a net margin of 6.14% and a return on equity of 29.27%. The company’s quarterly revenue was up 35.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 EPS. Analysts predict that AMN Healthcare Services will post $2.29 earnings per share for the current fiscal year.
In other AMN Healthcare Services news, insider Susan R. Salka sold 30,000 shares of the business’s stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $44.00, for a total transaction of $1,320,000.00. Following the sale, the insider now directly owns 288,688 shares in the company, valued at approximately $12,702,272. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of AMN Healthcare Services by 15.7% in the second quarter. Vanguard Group Inc. now owns 4,777,108 shares of the company’s stock valued at $190,940,000 after buying an additional 649,069 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of AMN Healthcare Services by 2.5% in the second quarter. BlackRock Fund Advisors now owns 3,021,726 shares of the company’s stock valued at $120,778,000 after buying an additional 72,605 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of AMN Healthcare Services by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,859,247 shares of the company’s stock valued at $74,313,000 after buying an additional 42,445 shares during the last quarter. State Street Corp raised its stake in shares of AMN Healthcare Services by 6.4% in the first quarter. State Street Corp now owns 1,119,030 shares of the company’s stock valued at $37,612,000 after buying an additional 67,025 shares during the last quarter. Finally, Kennedy Capital Management Inc. raised its stake in shares of AMN Healthcare Services by 25.3% in the first quarter. Kennedy Capital Management Inc. now owns 1,013,097 shares of the company’s stock valued at $34,050,000 after buying an additional 204,289 shares during the last quarter. Institutional investors own 97.50% of the company’s stock.
About AMN Healthcare Services
AMN Healthcare Services, Inc (AMN Healthcare) offers healthcare workforce solutions and staffing services to healthcare facilities. The Company operates through three segments: Nurse and Allied Healthcare Staffing Segment, Locum Tenens Staffing Segment and Physician Permanent Placement Services Segment.
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