AMN Healthcare Services (NYSE:AMN) Rating Lowered to Sell at StockNews.com

StockNews.com cut shares of AMN Healthcare Services (NYSE:AMN) from a hold rating to a sell rating in a research note issued to investors on Monday.

A number of other equities research analysts have also recently issued reports on the stock. JMP Securities dropped their target price on shares of AMN Healthcare Services from $87.00 to $75.00 and set a market outperform rating on the stock in a report on Monday, February 26th. BMO Capital Markets lowered their price target on shares of AMN Healthcare Services from $85.00 to $83.00 and set an outperform rating on the stock in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, AMN Healthcare Services currently has a consensus rating of Hold and a consensus price target of $87.25.

AMN Healthcare Services Stock Up 0.8 %

Shares of AMN stock opened at $57.06 on Monday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.28 and a current ratio of 1.28. The firm’s 50-day moving average is $62.22 and its 200-day moving average is $69.05. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 10.79 and a beta of 0.22. AMN Healthcare Services has a 52-week low of $53.77 and a 52-week high of $112.44.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, February 15th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. The company had revenue of $818.27 million for the quarter, compared to analysts’ expectations of $803.14 million. AMN Healthcare Services had a net margin of 5.56% and a return on equity of 38.29%. AMN Healthcare Services’s quarterly revenue was down 27.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.48 EPS. Sell-side analysts predict that AMN Healthcare Services will post 3.97 EPS for the current year.

Insiders Place Their Bets

In other AMN Healthcare Services news, CEO Caroline Grace bought 17,500 shares of the stock in a transaction dated Tuesday, February 27th. The shares were bought 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 $1,540,449.04. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other AMN Healthcare Services news, Director Jorge A. Caballero bought 2,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were bought at an average cost of $56.80 per share, with a total value of $113,600.00. Following the completion of the acquisition, the director now owns 2,437 shares of the company’s stock, valued at $138,421.60. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Caroline Grace bought 17,500 shares of the stock in a transaction dated Tuesday, February 27th. The shares were 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 disclosure for this purchase can be found here. Insiders have acquired a total of 26,626 shares of company stock worth $1,516,899 in the last quarter. Corporate insiders own 0.93% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AMN. Assenagon Asset Management S.A. bought a new position in AMN Healthcare Services in the fourth quarter valued at approximately $5,361,000. American Century Companies Inc. increased its stake in AMN Healthcare Services by 13.1% in the third quarter. American Century Companies Inc. now owns 177,151 shares of the company’s stock valued at $15,090,000 after acquiring an additional 20,510 shares during the last quarter. Pacer Advisors Inc. increased its stake in AMN Healthcare Services by 145.8% in the fourth quarter. Pacer Advisors Inc. now owns 1,396,603 shares of the company’s stock valued at $104,578,000 after acquiring an additional 828,390 shares during the last quarter. Comerica Bank bought a new position in AMN Healthcare Services in the third quarter valued at approximately $4,195,000. Finally, Cambiar Investors LLC increased its stake 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 last quarter. 99.23% of the stock is owned by institutional investors.

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.