AMN Healthcare Services Inc (AMN) Downgraded by Zacks Investment Research to “Hold”
AMN Healthcare Services Inc (NYSE:AMN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released 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. “
Other equities research analysts also recently issued reports about the stock. 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 reaffirmed a “buy” rating and issued a $43.00 price target on shares of AMN Healthcare Services in a research note on Friday, September 1st. Finally, Wells Fargo & Company initiated coverage on shares of AMN Healthcare Services in a research note on Tuesday, June 27th. They issued an “outperform” rating and a $45.00 price target for the company. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $46.00.
AMN Healthcare Services (NYSE AMN) traded down 3.69% during trading on Wednesday, reaching $44.40. The company’s stock had a trading volume of 563,825 shares. The company has a market cap of $2.13 billion, a P/E ratio of 18.73 and a beta of 0.45. AMN Healthcare Services has a 12 month low of $26.00 and a 12 month high of $46.60. The stock’s 50-day moving average is $39.41 and its 200 day moving average is $38.56.
AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.67 earnings per share for the quarter, beating the 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 firm had revenue of $489.80 million during the quarter, compared to the consensus estimate of $489.79 million. During the same period in the previous year, the firm posted $0.61 earnings per share. The business’s revenue was up 3.4% compared to the same quarter last year. On average, equities analysts forecast that AMN Healthcare Services will post $3.12 EPS for the current fiscal year.
In other news, insider Ralph Henderson sold 6,906 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $46.00, for a total transaction of $317,676.00. Following the completion of the sale, the insider now directly owns 31,772 shares of the company’s stock, valued at $1,461,512. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.49% of the company’s stock.
Large investors have recently bought and sold shares of the company. Acrospire Investment Management LLC increased its position in shares of AMN Healthcare Services by 13.3% during the second quarter. Acrospire Investment Management LLC now owns 2,562 shares of the company’s stock worth $100,000 after acquiring an additional 300 shares in the last quarter. FNY Partners Fund LP bought a new stake in shares of AMN Healthcare Services during the first quarter worth about $101,000. Bank of Montreal Can bought a new stake in shares of AMN Healthcare Services during the second quarter worth about $105,000. Riverhead Capital Management LLC increased its position in shares of AMN Healthcare Services by 85.2% during the second quarter. Riverhead Capital Management LLC now owns 2,963 shares of the company’s stock worth $116,000 after acquiring an additional 1,363 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of AMN Healthcare Services during the first quarter worth about $117,000. 99.95% of the stock is owned by institutional investors.
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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