AMN Healthcare Services Inc (AMN) Downgraded to Hold at Zacks Investment Research
Zacks Investment Research downgraded shares of AMN Healthcare Services Inc (NYSE:AMN) from a buy rating to a hold rating in a report published on Wednesday morning.
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. “
Other equities analysts have also issued research reports about the stock. ValuEngine raised shares of AMN Healthcare Services from a hold rating to a buy rating in a research report on Saturday, August 12th. BMO Capital Markets reissued a buy rating and issued a $43.00 price objective on shares of AMN Healthcare Services in a research report on Friday, September 1st. Finally, Wells Fargo & Company initiated coverage on shares of AMN Healthcare Services in a research report on Tuesday, June 27th. They issued an outperform rating and a $45.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $46.00.
Shares of AMN Healthcare Services (NYSE:AMN) traded up 0.11% during mid-day trading on Wednesday, hitting $44.45. 508,685 shares of the stock were exchanged. AMN Healthcare Services has a one year low of $26.00 and a one year high of $46.60. The company has a 50-day moving average of $39.62 and a 200 day moving average of $38.60. The stock has a market cap of $2.13 billion, a PE ratio of 18.76 and a beta of 0.45.
AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. The business had revenue of $489.80 million during the quarter, compared to analyst estimates of $489.79 million. AMN Healthcare Services had a net margin of 6.01% and a return on equity of 26.83%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 earnings per share. On average, equities analysts predict that AMN Healthcare Services will post $3.12 earnings per share for the current year.
In related news, insider Ralph Henderson sold 6,906 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $46.00, for a total transaction of $317,676.00. Following the completion of the transaction, the insider now owns 31,772 shares of the company’s stock, valued at $1,461,512. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.49% of the company’s stock.
A number of hedge funds have recently modified their holdings of AMN. BlackRock Inc. acquired a new position in AMN Healthcare Services during the first quarter worth approximately $229,289,000. Vanguard Group Inc. acquired a new position in AMN Healthcare Services during the first quarter worth approximately $172,667,000. Dimensional Fund Advisors LP acquired a new position in AMN Healthcare Services during the first quarter worth approximately $68,250,000. State Street Corp acquired a new position in AMN Healthcare Services during the first quarter worth approximately $47,957,000. Finally, Hermes Investment Management Ltd. acquired a new position in AMN Healthcare Services during the second quarter worth approximately $41,404,000. 99.95% of the stock is owned by hedge funds and other institutional investors.
About AMN Healthcare Services
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services at acute and sub-acute care hospitals and other healthcare facilities throughout the United States. The Company’s segments include nurse and allied solutions, locum tenens solutions and other workforce solutions.
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