AMN Healthcare Services Inc (NYSE:AMN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “AMN Healthcare Services, Inc. is a travel healthcare staffing company. It recruits and places nurses, physicians, and other healthcare professionals in travel or permanent assignments in acute-care facilities, physician practice groups, and other healthcare facilities. The Company’s professionals include RNs, surgical technologists, nurse practitioners, respiratory therapists, radiology technologists, rehab professionals, and therapy assistants. AMN Healthcare Services, Inc. is headquartered in San Diego, California. “

A number of other brokerages have also recently issued reports on AMN. ValuEngine cut AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Wells Fargo & Company initiated coverage on AMN Healthcare Services in a report on Tuesday, June 27th. They set an “outperform” rating and a $45.00 price objective for the company. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $45.50.

AMN Healthcare Services (AMN) remained flat at $38.75 during trading on Wednesday. The stock had a trading volume of 290,281 shares. The stock’s 50 day moving average is $36.99 and its 200-day moving average is $38.78. AMN Healthcare Services has a 12-month low of $26.00 and a 12-month high of $44.99. The stock has a market capitalization of $1.86 billion, a PE ratio of 17.07 and a beta of 0.58.

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In other AMN Healthcare Services news, Director Mark G. Foletta sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $36.71, for a total transaction of $55,065.00. Following the completion of the transaction, the director now directly owns 6,025 shares in the company, valued at $221,177.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.49% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. FNY Partners Fund LP purchased a new position in shares of AMN Healthcare Services during the first quarter valued at approximately $101,000. Meadow Creek Investment Management LLC bought a new position in shares of AMN Healthcare Services during the first quarter valued at about $104,000. SG Americas Securities LLC bought a new position in shares of AMN Healthcare Services during the first quarter valued at about $117,000. Ameritas Investment Partners Inc. bought a new position in shares of AMN Healthcare Services during the first quarter valued at about $166,000. Finally, LS Investment Advisors LLC bought a new position in shares of AMN Healthcare Services during the first quarter valued at about $170,000. Institutional investors and hedge funds own 99.95% of the company’s stock.

About AMN Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services at acute and sub-acute care hospitals and other healthcare facilities throughout the United States. The Company’s segments include nurse and allied solutions, locum tenens solutions and other workforce solutions.

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Analyst Recommendations for AMN Healthcare Services (NYSE:AMN)

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