AMN Healthcare Services (NYSE:AMN) Sees Large Volume Increase

AMN Healthcare Services, Inc. (NYSE:AMN) shares saw unusually-high trading volume on Thursday . Approximately 23,243 shares traded hands during mid-day trading, a decline of 92% from the previous session’s volume of 309,521 shares.The stock last traded at $110.08 and had previously closed at $115.82.

AMN has been the topic of a number of analyst reports. BMO Capital Markets increased their price target on AMN Healthcare Services from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, August 9th. Truist Securities increased their price target on AMN Healthcare Services from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, August 31st. Truist increased their price target on AMN Healthcare Services from $118.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, August 31st. Finally, Credit Suisse Group increased their price target on AMN Healthcare Services from $95.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, August 10th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, AMN Healthcare Services currently has a consensus rating of “Buy” and an average price target of $113.00.

The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market cap of $4.99 billion, a price-to-earnings ratio of 30.09, a price-to-earnings-growth ratio of 1.87 and a beta of 0.39. The firm has a 50-day moving average price of $112.23 and a two-hundred day moving average price of $97.33.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Wednesday, August 4th. The company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.21. AMN Healthcare Services had a return on equity of 28.32% and a net margin of 5.90%. The business had revenue of $857.45 million for the quarter, compared to analyst estimates of $829.37 million. During the same quarter last year, the company earned $0.83 EPS. Research analysts anticipate that AMN Healthcare Services, Inc. will post 5.8 earnings per share for the current year.

In other AMN Healthcare Services news, insider Denise L. Jackson sold 1,000 shares of AMN Healthcare Services stock in a transaction that occurred on Wednesday, September 22nd. The stock was sold at an average price of $113.45, for a total transaction of $113,450.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Brian M. Scott sold 5,000 shares of AMN Healthcare Services stock in a transaction that occurred on Wednesday, July 21st. The stock was sold at an average price of $100.00, for a total value of $500,000.00. Following the transaction, the chief financial officer now directly owns 35,351 shares in the company, valued at approximately $3,535,100. The disclosure for this sale can be found here. Insiders have sold a total of 8,000 shares of company stock worth $836,810 in the last three months. Corporate insiders own 0.98% of the company’s stock.

Several hedge funds have recently made changes to their positions in the business. Silverleafe Capital Partners LLC grew its stake in shares of AMN Healthcare Services by 2.3% in the 3rd quarter. Silverleafe Capital Partners LLC now owns 59,348 shares of the company’s stock valued at $6,810,000 after purchasing an additional 1,330 shares during the last quarter. Koshinski Asset Management Inc. grew its stake in shares of AMN Healthcare Services by 69.4% in the 3rd quarter. Koshinski Asset Management Inc. now owns 6,522 shares of the company’s stock valued at $748,000 after purchasing an additional 2,673 shares during the last quarter. Peak Financial Advisors LLC grew its stake in shares of AMN Healthcare Services by 1.7% in the 3rd quarter. Peak Financial Advisors LLC now owns 27,866 shares of the company’s stock valued at $3,198,000 after purchasing an additional 458 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of AMN Healthcare Services by 7.0% in the 3rd quarter. Louisiana State Employees Retirement System now owns 22,800 shares of the company’s stock valued at $2,616,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Veriti Management LLC purchased a new position in shares of AMN Healthcare Services in the 3rd quarter valued at approximately $219,000. Institutional investors own 89.54% of the company’s stock.

AMN Healthcare Services Company Profile (NYSE:AMN)

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities across the nation. Its workforce solutions include managed services programs and recruitment process outsourcing. The firm operates through the following segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions.

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