AMN Healthcare Services, Inc. (NYSE:AMN) Receives Consensus Recommendation of “Hold” from Analysts

AMN Healthcare Services, Inc. (NYSE:AMN) has earned an average rating of “Hold” from the eight research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $48.33.

A number of brokerages recently issued reports on AMN. UBS Group decreased their price target on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. William Blair downgraded AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research report on Friday, November 8th. BMO Capital Markets cut their price target on AMN Healthcare Services from $50.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. StockNews.com cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Finally, Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd.

Insider Transactions at AMN Healthcare Services

In related news, CFO Jeffrey R. Knudson sold 2,461 shares of the firm’s stock in a transaction on Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total value of $90,810.90. Following the completion of the transaction, the chief financial officer now owns 37,550 shares in the company, valued at $1,385,595. This trade represents a 6.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.93% of the company’s stock.

Hedge Funds Weigh In On AMN Healthcare Services

Several hedge funds and other institutional investors have recently bought and sold shares of AMN. Versor Investments LP acquired a new position in AMN Healthcare Services during the third quarter valued at $818,000. Anthracite Investment Company Inc. purchased a new position in shares of AMN Healthcare Services during the 3rd quarter valued at about $1,696,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of AMN Healthcare Services in the 2nd quarter valued at about $45,481,000. New South Capital Management Inc. increased its holdings in shares of AMN Healthcare Services by 24.6% during the 2nd quarter. New South Capital Management Inc. now owns 563,147 shares of the company’s stock valued at $28,850,000 after purchasing an additional 111,302 shares in the last quarter. Finally, Quadrature Capital Ltd increased its holdings in AMN Healthcare Services by 366.6% in the first quarter. Quadrature Capital Ltd now owns 23,246 shares of the company’s stock valued at $1,455,000 after buying an additional 18,264 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

AMN Healthcare Services Price Performance

AMN Healthcare Services stock opened at $27.16 on Thursday. The firm’s fifty day moving average is $37.57 and its 200 day moving average is $48.57. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.27. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 18.72 and a beta of 0.13. AMN Healthcare Services has a 52-week low of $23.37 and a 52-week high of $80.22.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The business had revenue of $687.51 million for the quarter, compared to the consensus estimate of $670.08 million. AMN Healthcare Services had a return on equity of 17.16% and a net margin of 1.73%. During the same period in the prior year, the business posted $1.97 earnings per share. Sell-side analysts forecast that AMN Healthcare Services will post 3.09 EPS for the current fiscal year.

About AMN Healthcare Services

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.