Insider Selling: AMN Healthcare Services Inc (AMN) Insider Sells 6,906 Shares of Stock
AMN Healthcare Services Inc (NYSE:AMN) insider Ralph Henderson sold 6,906 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $46.00, for a total value of $317,676.00. Following the transaction, the insider now owns 31,772 shares of the company’s stock, valued at $1,461,512. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of AMN Healthcare Services Inc (NYSE:AMN) traded up 1.65% during midday trading on Tuesday, reaching $46.10. The company’s stock had a trading volume of 701,034 shares. AMN Healthcare Services Inc has a 52 week low of $26.00 and a 52 week high of $46.25. The firm’s 50 day moving average is $39.41 and its 200 day moving average is $38.56. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 19.45 and a beta of 0.45.
AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, August 3rd. The company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.07. AMN Healthcare Services had a net margin of 6.01% and a return on equity of 26.83%. The business had revenue of $489.80 million for the quarter, compared to the consensus estimate of $489.79 million. During the same quarter last year, the firm posted $0.61 EPS. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities analysts forecast that AMN Healthcare Services Inc will post $3.12 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System purchased a new position in AMN Healthcare Services in the first quarter valued at about $1,741,000. First Trust Advisors LP acquired a new position in shares of AMN Healthcare Services during the first quarter worth about $2,543,000. BNP Paribas Arbitrage SA acquired a new position in shares of AMN Healthcare Services during the first quarter worth about $484,000. Swiss National Bank acquired a new position in shares of AMN Healthcare Services during the first quarter worth about $3,216,000. Finally, UBS Asset Management Americas Inc. purchased a new stake in shares of AMN Healthcare Services in the first quarter worth about $1,308,000. Hedge funds and other institutional investors own 99.95% of the company’s stock.
A number of analysts have issued reports on the stock. Zacks Investment Research upgraded shares of AMN Healthcare Services from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Tuesday, July 4th. ValuEngine raised shares of AMN Healthcare Services from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. BMO Capital Markets reissued a “buy” rating and issued a $43.00 price objective on shares of AMN Healthcare Services in a research note on Friday, September 1st. Finally, Wells Fargo & Company started coverage on shares of AMN Healthcare Services in a report on Tuesday, June 27th. They issued an “outperform” rating and a $45.00 price objective for the company. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $46.00.
AMN Healthcare Services Company Profile
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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