AMN Healthcare Services’ (AMN) “Hold” Rating Reaffirmed at Benchmark

Benchmark reaffirmed their hold rating on shares of AMN Healthcare Services (NYSE:AMN) in a research report report published on Thursday, Benzinga reports.

AMN has been the subject of several other reports. Truist Financial dropped their target price on AMN Healthcare Services from $88.00 to $70.00 and set a buy rating for the company in a report on Monday, April 22nd. JMP Securities cut 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 decreased their target price on shares of AMN Healthcare Services from $85.00 to $83.00 and set an outperform rating on the stock in a research note on Tuesday, February 20th. Finally, StockNews.com raised shares of AMN Healthcare Services from a sell rating to a hold rating in a research report on Tuesday, April 23rd. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, AMN Healthcare Services has an average rating of Hold and a consensus target price of $82.86.

AMN Healthcare Services Trading Down 1.1 %

AMN stock opened at $59.53 on Thursday. The company has a market capitalization of $2.26 billion, a PE ratio of 11.25 and a beta of 0.22. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.28 and a current ratio of 1.28. AMN Healthcare Services has a one year low of $53.77 and a one year high of $112.44. The company’s 50 day moving average price is $59.15 and its two-hundred day moving average price is $66.96.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, February 15th. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.07. AMN Healthcare Services had a net margin of 5.56% and a return on equity of 38.29%. The company had revenue of $818.27 million for the quarter, compared to analysts’ expectations of $803.14 million. During the same quarter last year, the company earned $2.48 EPS. The firm’s revenue was down 27.3% compared to the same quarter last year. As a group, analysts predict that AMN Healthcare Services will post 3.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Caroline Grace bought 17,500 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were purchased at an average price of $56.68 per share, with a total value of $991,900.00. Following the purchase, 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 is available through the SEC website. In other news, CFO Jeffrey R. Knudson purchased 6,951 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were bought at an average cost of $57.75 per share, for a total transaction of $401,420.25. Following the completion of the transaction, the chief financial officer now directly owns 27,804 shares of the company’s stock, valued at approximately $1,605,681. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Caroline Grace acquired 17,500 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was purchased at an average price of $56.68 per share, with a total value of $991,900.00. Following the acquisition, the chief executive officer now 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 acquired 26,626 shares of company stock valued at $1,516,899 over the last quarter. 0.93% of the stock is owned by company insiders.

Institutional Trading of AMN Healthcare Services

A number of hedge funds and other institutional investors have recently modified their holdings of the business. FourThought Financial Partners LLC boosted its stake in AMN Healthcare Services by 3.7% during the fourth quarter. FourThought Financial Partners LLC now owns 3,947 shares of the company’s stock worth $296,000 after acquiring an additional 139 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings 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 valued at $27,000 after purchasing an additional 147 shares during the last quarter. CWM LLC boosted its position in shares of AMN Healthcare Services by 1.2% in the 4th quarter. CWM LLC now owns 12,818 shares of the company’s stock worth $960,000 after purchasing an additional 155 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in shares of AMN Healthcare Services by 2.4% in the 4th quarter. SummerHaven Investment Management LLC now owns 6,623 shares of the company’s stock worth $496,000 after buying an additional 155 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in AMN Healthcare Services by 1.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 16,666 shares of the company’s stock valued at $1,420,000 after buying an additional 172 shares in the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

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.