AMN Healthcare Services (NYSE:AMN) Upgraded to Hold at StockNews.com

AMN Healthcare Services (NYSE:AMN) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

Several other brokerages also recently issued reports on AMN. BMO Capital Markets lowered their price target on shares of AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating for the company in a report on Tuesday, February 20th. Truist Financial lowered their price target on shares of AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating for the company in a report on Monday. Finally, JMP Securities lowered their price target on shares of AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating for the company in a report on Monday, February 26th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, AMN Healthcare Services presently has an average rating of “Hold” and an average price target of $85.00.

AMN Healthcare Services Stock Up 0.1 %

Shares of AMN opened at $57.21 on Tuesday. AMN Healthcare Services has a one year low of $53.77 and a one year high of $112.44. The company has a market cap of $2.17 billion, a P/E ratio of 10.81 and a beta of 0.22. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a 50 day simple moving average of $59.50 and a two-hundred day simple moving average of $67.84.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings data on Thursday, February 15th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.25 by $0.07. AMN Healthcare Services had a net margin of 5.56% and a return on equity of 38.29%. The business had revenue of $818.27 million during the quarter, compared to the consensus estimate of $803.14 million. During the same period in the previous year, the business earned $2.48 earnings per share. The company’s revenue was down 27.3% on a year-over-year basis. Research analysts forecast that AMN Healthcare Services will post 3.97 EPS for the current fiscal year.

Insider Activity at AMN Healthcare Services

In related news, CEO Caroline Grace acquired 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average cost of $56.68 per share, for a total transaction of $991,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 27,178 shares of the company’s stock, valued at approximately $1,540,449.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Caroline Grace purchased 17,500 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were acquired at an average price of $56.68 per share, with a total value of $991,900.00. Following the completion of the transaction, the chief executive officer now owns 27,178 shares of the company’s stock, valued at approximately $1,540,449.04. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jorge A. Caballero purchased 2,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were purchased at an average cost of $56.80 per share, for a total transaction of $113,600.00. Following the transaction, the director now directly owns 2,437 shares of the company’s stock, valued at approximately $138,421.60. The disclosure for this purchase can be found here. Insiders purchased 26,626 shares of company stock worth $1,516,899 over the last three months. Company insiders own 0.93% of the company’s stock.

Institutional Trading of AMN Healthcare Services

A number of institutional investors have recently bought and sold shares of AMN. Arkadios Wealth Advisors grew its stake in shares of AMN Healthcare Services by 16.3% in the 3rd quarter. Arkadios Wealth Advisors now owns 2,804 shares of the company’s stock valued at $239,000 after buying an additional 392 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of AMN Healthcare Services by 815.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 6,664 shares of the company’s stock valued at $568,000 after buying an additional 5,936 shares during the period. Handelsbanken Fonder AB grew its stake in shares of AMN Healthcare Services by 19.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 309,916 shares of the company’s stock valued at $26,399,000 after buying an additional 50,100 shares during the period. Linden Thomas Advisory Services LLC grew its stake in shares of AMN Healthcare Services by 7.3% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 5,965 shares of the company’s stock valued at $508,000 after buying an additional 404 shares during the period. Finally, HGK Asset Management Inc. grew its stake in shares of AMN Healthcare Services by 14.0% in the 3rd quarter. HGK Asset Management Inc. now owns 5,879 shares of the company’s stock valued at $501,000 after buying an additional 721 shares during the period. Institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. The Nurse and Allied Solutions segment offers travel nurse staffing, labor disruption staffing, local staffing, international nurse and allied permanent placement, and allied staffing solutions.