AMN Healthcare Services, Inc. (NYSE:AMN) Receives Average Rating of “Moderate Buy” from Brokerages

AMN Healthcare Services, Inc. (NYSE:AMN) has earned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $87.25.

AMN has been the topic of several recent analyst reports. JMP Securities dropped their price target on AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating on the stock in a research note on Monday, February 26th. BMO Capital Markets dropped 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 report on Tuesday, February 20th. Finally, StockNews.com upgraded shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a report on Friday, March 29th.

Insider Buying and Selling at AMN Healthcare Services

In other news, CEO Caroline Grace purchased 17,500 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 27,178 shares of the company’s stock, valued at $1,540,449.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other AMN Healthcare Services news, CEO Caroline Grace bought 17,500 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average cost of $56.68 per share, with a total value of $991,900.00. Following the transaction, the chief executive officer now directly owns 27,178 shares in the company, valued at approximately $1,540,449.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Jeffrey R. Knudson bought 6,951 shares of the stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average price of $57.75 per share, for a total transaction of $401,420.25. Following the completion of the purchase, the chief financial officer now directly owns 27,804 shares in the company, valued at $1,605,681. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 26,626 shares of company stock worth $1,516,899. Corporate insiders own 0.93% of the company’s stock.

Institutional Investors Weigh In On AMN Healthcare Services

Large investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. bought a new stake in shares of AMN Healthcare Services in the fourth quarter valued at approximately $5,361,000. American Century Companies Inc. raised its stake in shares of AMN Healthcare Services by 13.1% during the 3rd quarter. American Century Companies Inc. now owns 177,151 shares of the company’s stock valued at $15,090,000 after purchasing an additional 20,510 shares during the period. Pacer Advisors Inc. lifted its holdings in AMN Healthcare Services by 145.8% during the 4th quarter. Pacer Advisors Inc. now owns 1,396,603 shares of the company’s stock worth $104,578,000 after purchasing an additional 828,390 shares in the last quarter. Comerica Bank bought a new position in AMN Healthcare Services in the 3rd quarter worth about $4,195,000. Finally, Cambiar Investors LLC grew its holdings in AMN Healthcare Services by 17.8% during the 3rd quarter. Cambiar Investors LLC now owns 27,056 shares of the company’s stock valued at $2,305,000 after buying an additional 4,079 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Stock Performance

Shares of AMN stock opened at $60.45 on Wednesday. The stock has a market capitalization of $2.29 billion, a PE ratio of 11.43 and a beta of 0.22. The business’s 50 day simple moving average is $63.63 and its 200 day simple moving average is $69.78. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.28 and a quick ratio of 1.28. AMN Healthcare Services has a one year low of $53.77 and a one year high of $112.44.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, February 15th. The company reported $1.32 EPS for the quarter, beating 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 analyst estimates of $803.14 million. During the same period in the prior year, the firm posted $2.48 EPS. The company’s quarterly revenue was down 27.3% on a year-over-year basis. As a group, research analysts forecast that AMN Healthcare Services will post 3.97 earnings per share for the current year.

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.