Traders Purchase High Volume of AMN Healthcare Services Call Options (AMN)

AMN Healthcare Services, Inc. (NYSE:AMN) was the recipient of some unusual options trading on Friday. Stock traders acquired 862 call options on the stock. This is an increase of approximately 1,149% compared to the average volume of 69 call options.

Shares of AMN Healthcare Services (NYSE:AMN) opened at $50.65 on Monday. AMN Healthcare Services has a fifty-two week low of $33.61 and a fifty-two week high of $51.75. The stock has a market capitalization of $2,430.00, a PE ratio of 21.28 and a beta of 0.47. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.60.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. The business had revenue of $494.41 million during the quarter, compared to the consensus estimate of $493.89 million. AMN Healthcare Services had a return on equity of 25.55% and a net margin of 5.99%. AMN Healthcare Services’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the company earned $0.62 earnings per share. sell-side analysts predict that AMN Healthcare Services will post 2.56 EPS for the current fiscal year.

In other AMN Healthcare Services news, Director Paul E. Weaver sold 10,000 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $50.27, for a total value of $502,700.00. Following the transaction, the director now owns 37,226 shares of the company’s stock, valued at $1,871,351.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian M. Scott sold 20,000 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $50.19, for a total value of $1,003,800.00. Following the completion of the transaction, the chief financial officer now directly owns 56,916 shares in the company, valued at approximately $2,856,614.04. The disclosure for this sale can be found here. Insiders sold 231,240 shares of company stock worth $10,807,611 in the last three months. Insiders own 2.49% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in shares of AMN Healthcare Services by 0.6% during the second quarter. BlackRock Inc. now owns 5,679,926 shares of the company’s stock worth $221,802,000 after buying an additional 32,397 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of AMN Healthcare Services by 0.9% during the second quarter. Vanguard Group Inc. now owns 4,289,538 shares of the company’s stock worth $167,507,000 after buying an additional 36,632 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of AMN Healthcare Services by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,728,269 shares of the company’s stock worth $78,981,000 after buying an additional 23,613 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of AMN Healthcare Services by 1.3% during the third quarter. Bank of New York Mellon Corp now owns 1,362,806 shares of the company’s stock worth $62,281,000 after buying an additional 17,777 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of AMN Healthcare Services by 4.8% during the second quarter. State Street Corp now owns 1,237,418 shares of the company’s stock worth $48,321,000 after buying an additional 56,269 shares in the last quarter.

Several equities research analysts have issued reports on AMN shares. ValuEngine upgraded AMN Healthcare Services from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Credit Suisse Group started coverage on AMN Healthcare Services in a report on Tuesday, November 7th. They issued an “outperform” rating and a $48.00 price target for the company. Benchmark restated a “buy” rating and issued a $60.00 price target (up from $52.00) on shares of AMN Healthcare Services in a report on Monday, January 8th. Zacks Investment Research downgraded AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, KeyCorp started coverage on AMN Healthcare Services in a report on Friday, November 17th. They issued an “overweight” rating and a $50.00 price target for the company. One analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $51.00.

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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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