AMN Healthcare Services (NYSE:AMN) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of AMN Healthcare Services (NYSE:AMN) from a sell rating to a hold rating in a research report sent to investors on Tuesday.

A number of other equities research analysts also recently weighed in on the company. BMO Capital Markets dropped their target price 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. Truist Financial reduced their target price on AMN Healthcare Services from $88.00 to $70.00 and set a buy rating on the stock in a report on Monday. Finally, JMP Securities decreased their target price 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, February 26th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $85.00.

AMN Healthcare Services Trading Down 1.6 %

AMN stock opened at $56.27 on Tuesday. The company has a market cap of $2.13 billion, a P/E ratio of 10.64 and a beta of 0.22. AMN Healthcare Services has a twelve month low of $53.77 and a twelve month high of $112.44. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.57. The business has a fifty day moving average of $59.08 and a 200-day moving average of $67.76.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, February 15th. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. The company had revenue of $818.27 million during the quarter, compared to the consensus estimate of $803.14 million. AMN Healthcare Services had a return on equity of 38.29% and a net margin of 5.56%. The firm’s quarterly revenue was down 27.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.48 earnings per share. As a group, equities research analysts expect that AMN Healthcare Services will post 3.86 EPS for the current year.

Insider Buying and Selling at AMN Healthcare Services

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson bought 6,951 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was purchased at an average cost of $57.75 per share, with a total value of $401,420.25. Following the completion of the purchase, the chief financial officer now owns 27,804 shares in the company, valued at $1,605,681. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other AMN Healthcare Services news, CFO Jeffrey R. Knudson bought 6,951 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was purchased at an average cost of $57.75 per share, with a total value of $401,420.25. Following the completion of the purchase, the chief financial officer now owns 27,804 shares in the company, valued at $1,605,681. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jorge A. Caballero bought 2,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was acquired at an average cost of $56.80 per share, with a total value of $113,600.00. Following the completion of the purchase, the director now owns 2,437 shares of the company’s stock, valued at approximately $138,421.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 26,626 shares of company stock valued at $1,516,899. Company insiders own 0.93% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Hexagon Capital Partners LLC boosted its position in shares of AMN Healthcare Services by 69.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 360 shares of the company’s stock worth $27,000 after buying an additional 147 shares during the period. GAMMA Investing LLC acquired a new position in shares of AMN Healthcare Services during the fourth quarter worth about $31,000. Quarry LP boosted its position in shares of AMN Healthcare Services by 64.8% during the fourth quarter. Quarry LP now owns 519 shares of the company’s stock worth $39,000 after buying an additional 204 shares during the period. Principal Securities Inc. acquired a new position in shares of AMN Healthcare Services during the fourth quarter worth about $49,000. Finally, Quadrant Capital Group LLC boosted its position in shares of AMN Healthcare Services by 32.0% during the fourth quarter. Quadrant Capital Group LLC now owns 1,411 shares of the company’s stock worth $106,000 after buying an additional 342 shares during the period. 99.23% of the stock is owned by institutional investors and hedge funds.

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.