AMN Healthcare Services (NYSE:AMN) Upgraded at StockNews.com

AMN Healthcare Services (NYSE:AMN) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

AMN has been the subject of several other research reports. BMO Capital Markets reduced their price target on shares of AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating for the company in a research report on Tuesday, February 20th. Truist Financial reduced their price target on shares of AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating for the company in a research report on Monday. Finally, JMP Securities reduced their price target on shares of AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating for the company in a research report on Monday, February 26th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, AMN Healthcare Services currently has an average rating of “Hold” and a consensus target price of $85.00.

AMN Healthcare Services Trading Down 0.8 %

AMN stock opened at $56.51 on Tuesday. The company’s 50-day simple moving average is $60.30 and its 200-day simple moving average is $68.06. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.57. AMN Healthcare Services has a 52-week low of $53.77 and a 52-week high of $112.44. The firm has a market cap of $2.14 billion, a P/E ratio of 10.68 and a beta of 0.22.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, February 15th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.07. AMN Healthcare Services had a net margin of 5.56% and a return on equity of 38.29%. The firm had revenue of $818.27 million during the quarter, compared to the consensus estimate of $803.14 million. During the same quarter in the prior year, the firm earned $2.48 EPS. The company’s revenue for the quarter was down 27.3% on a year-over-year basis. As a group, equities analysts forecast that AMN Healthcare Services will post 3.97 EPS for the current fiscal year.

Insider Buying and Selling at AMN Healthcare Services

In other AMN Healthcare Services news, CEO Caroline Grace acquired 17,500 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was bought at an average price of $56.68 per share, for a total transaction of $991,900.00. Following the acquisition, the chief executive officer now owns 27,178 shares in the company, valued at $1,540,449.04. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Caroline Grace purchased 17,500 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was acquired at an average price of $56.68 per share, for a total transaction of $991,900.00. Following the acquisition, the chief executive officer now directly owns 27,178 shares of the company’s stock, valued at $1,540,449.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jeffrey R. Knudson purchased 6,951 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average price of $57.75 per share, with a total value of $401,420.25. Following the acquisition, the chief financial officer now directly owns 27,804 shares in the company, valued at $1,605,681. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 26,626 shares of company stock worth $1,516,899. Insiders own 0.93% of the company’s stock.

Institutional Trading of AMN Healthcare Services

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Azzad Asset Management Inc. ADV increased its holdings in shares of AMN Healthcare Services by 19.2% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 9,184 shares of the company’s stock worth $574,000 after buying an additional 1,478 shares during the last quarter. Tributary Capital Management LLC increased its holdings in shares of AMN Healthcare Services by 20.2% during the 1st quarter. Tributary Capital Management LLC now owns 266,585 shares of the company’s stock worth $16,664,000 after buying an additional 44,740 shares during the last quarter. AlphaMark Advisors LLC acquired a new stake in shares of AMN Healthcare Services during the 1st quarter worth approximately $254,000. Thompson Investment Management Inc. increased its holdings in shares of AMN Healthcare Services by 6.3% during the 1st quarter. Thompson Investment Management Inc. now owns 46,514 shares of the company’s stock worth $2,908,000 after buying an additional 2,758 shares during the last quarter. Finally, Anderson Hoagland & Co. acquired a new stake in shares of AMN Healthcare Services during the 1st quarter worth approximately $2,609,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. The Nurse and Allied Solutions segment offers travel nurse staffing, labor disruption staffing, local staffing, international nurse and allied permanent placement, and allied staffing solutions.