AMN Healthcare Services, Inc. (NYSE:AMN) Short Interest Update

AMN Healthcare Services, Inc. (NYSE:AMNGet Rating) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 4,690,000 shares, an increase of 6.8% from the August 15th total of 4,390,000 shares. Approximately 10.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 689,500 shares, the short-interest ratio is currently 6.8 days.

Insider Transactions at AMN Healthcare Services

In other news, insider Denise L. Jackson sold 6,330 shares of the business’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $107.09, for a total value of $677,879.70. Following the sale, the insider now directly owns 18,267 shares in the company, valued at approximately $1,956,213.03. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On AMN Healthcare Services

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC increased its stake in AMN Healthcare Services by 53.3% in the first quarter. Quadrant Capital Group LLC now owns 391 shares of the company’s stock valued at $41,000 after purchasing an additional 136 shares during the period. HBC Financial Services PLLC purchased a new stake in shares of AMN Healthcare Services in the first quarter valued at about $41,000. Archer Investment Corp purchased a new stake in shares of AMN Healthcare Services in the first quarter valued at about $52,000. CWM LLC boosted its holdings in shares of AMN Healthcare Services by 26.0% in the second quarter. CWM LLC now owns 635 shares of the company’s stock valued at $70,000 after acquiring an additional 131 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in shares of AMN Healthcare Services by 472.1% in the second quarter. First Horizon Advisors Inc. now owns 738 shares of the company’s stock valued at $80,000 after acquiring an additional 609 shares in the last quarter. 96.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AMN shares. Credit Suisse Group increased their price objective on shares of AMN Healthcare Services to $125.00 in a research report on Tuesday, August 9th. StockNews.com lowered AMN Healthcare Services from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 2nd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $140.50.

AMN Healthcare Services Price Performance

AMN Healthcare Services stock opened at $107.61 on Thursday. AMN Healthcare Services has a 1 year low of $82.75 and a 1 year high of $129.12. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.24 and a current ratio of 1.24. The company’s fifty day moving average price is $109.73 and its 200 day moving average price is $104.08. The stock has a market capitalization of $4.66 billion, a P/E ratio of 10.96, a P/E/G ratio of 2.96 and a beta of 0.29.

AMN Healthcare Services (NYSE:AMNGet Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.31. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.37 billion. AMN Healthcare Services had a net margin of 8.81% and a return on equity of 49.78%. The company’s revenue was up 66.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 EPS. As a group, equities research analysts anticipate that AMN Healthcare Services will post 11.26 earnings per share for the current fiscal year.

AMN Healthcare Services announced that its board has authorized a share repurchase program on Wednesday, June 15th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 5.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

About AMN Healthcare Services

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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.

Further Reading

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