AMN Healthcare Services, Inc. (NYSE:AMN) CEO Caroline Grace Acquires 17,500 Shares

AMN Healthcare Services, Inc. (NYSE:AMNGet Free Report) CEO Caroline Grace bought 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average cost of $56.68 per share, with a total value of $991,900.00. Following the completion of the acquisition, the chief executive officer now owns 27,178 shares of the company’s stock, valued at approximately $1,540,449.04. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

AMN Healthcare Services Stock Performance

AMN stock opened at $54.94 on Wednesday. The business has a 50-day moving average price of $72.55 and a 200 day moving average price of $75.45. AMN Healthcare Services, Inc. has a 1-year low of $53.77 and a 1-year high of $112.44. 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 company has a market capitalization of $2.08 billion, a P/E ratio of 10.39 and a beta of 0.25.

AMN Healthcare Services (NYSE:AMNGet Free Report) last posted its earnings results on Thursday, February 15th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.07. AMN Healthcare Services had a return on equity of 38.29% and a net margin of 5.56%. The company had revenue of $818.27 million for the quarter, compared to analyst estimates of $803.14 million. During the same quarter in the previous year, the firm earned $2.48 earnings per share. The firm’s quarterly revenue was down 27.3% compared to the same quarter last year. As a group, equities research analysts forecast that AMN Healthcare Services, Inc. will post 4.19 EPS for the current fiscal year.

Hedge Funds Weigh In On AMN Healthcare Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. West Tower Group LLC purchased a new stake in AMN Healthcare Services in the second quarter valued at approximately $81,000. Cambiar Investors LLC lifted its holdings in AMN Healthcare Services by 17.8% in the third quarter. Cambiar Investors LLC now owns 27,056 shares of the company’s stock valued at $2,305,000 after acquiring an additional 4,079 shares during the period. Intrinsic Edge Capital Management LLC acquired a new position in AMN Healthcare Services in the second quarter valued at approximately $21,626,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in AMN Healthcare Services by 26.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 98,005 shares of the company’s stock valued at $8,348,000 after acquiring an additional 20,733 shares during the period. Finally, TD Asset Management Inc lifted its holdings in AMN Healthcare Services by 12.1% in the second quarter. TD Asset Management Inc now owns 13,900 shares of the company’s stock valued at $1,517,000 after acquiring an additional 1,500 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Wall Street Analyst Weigh In

AMN has been the subject of a number of analyst reports. BMO Capital Markets lowered their price target on AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating for the company in a research report on Tuesday, February 20th. Jefferies Financial Group restated a “hold” rating and issued a $70.00 price target (down from $115.00) on shares of AMN Healthcare Services in a research report on Friday, November 3rd. JMP Securities lowered their price target on AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating for the company in a research report on Monday. Truist Financial reiterated a “buy” rating and set a $88.00 target price on shares of AMN Healthcare Services in a research report on Tuesday, December 5th. Finally, UBS Group assumed coverage on AMN Healthcare Services in a research report on Thursday, November 30th. They set a “neutral” rating and a $73.00 target price for the company. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $87.25.

Read Our Latest Report on AMN

AMN Healthcare Services Company Profile

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AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to hospitals and 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, rapid response nurse staffing and labor disruption, allied staffing, local staffing, and revenue cycle solutions.

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