AMN Healthcare Services Inc (NYSE:AMN) Given Consensus Rating of “Hold” by Analysts

Shares of AMN Healthcare Services Inc (NYSE:AMN) have been assigned an average rating of “Hold” from the nine research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $25.2857.

A number of brokerages have recently issued reports on AMN. Citizens Jmp boosted their price target on shares of AMN Healthcare Services from $22.00 to $24.00 and gave the stock a “market outperform” rating in a research report on Monday, February 23rd. Weiss Ratings upgraded shares of AMN Healthcare Services from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday. Zacks Research downgraded shares of AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Wall Street Zen upgraded shares of AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. Finally, Robert W. Baird boosted their target price on shares of AMN Healthcare Services from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, May 11th.

AMN Healthcare Services Stock Down 4.2%

Shares of NYSE AMN opened at $31.01 on Friday. The company has a market capitalization of $1.20 billion, a P/E ratio of -35.65, a price-to-earnings-growth ratio of 0.74 and a beta of 0.44. AMN Healthcare Services has a 52-week low of $14.86 and a 52-week high of $33.13. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.09 and a current ratio of 1.09. The company’s 50 day moving average price is $25.76 and its 200-day moving average price is $20.87.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Thursday, May 7th. The company reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.50. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.23 billion. AMN Healthcare Services had a negative net margin of 0.95% and a positive return on equity of 18.01%. The company’s revenue for the quarter was up 99.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 EPS. Equities analysts forecast that AMN Healthcare Services will post 2.7 earnings per share for the current year.

Insider Activity

In related news, Director Mark G. Foletta sold 3,681 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $31.07, for a total transaction of $114,368.67. Following the transaction, the director owned 17,917 shares in the company, valued at $556,681.19. The trade was a 17.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of AMN. Arrowstreet Capital Limited Partnership lifted its position in shares of AMN Healthcare Services by 1,278.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,401,725 shares of the company’s stock valued at $25,708,000 after acquiring an additional 1,300,005 shares during the period. Boston Partners lifted its position in shares of AMN Healthcare Services by 7,583.1% during the 4th quarter. Boston Partners now owns 1,035,145 shares of the company’s stock valued at $16,313,000 after acquiring an additional 1,021,672 shares during the period. Woodline Partners LP acquired a new position in shares of AMN Healthcare Services during the 3rd quarter valued at $19,176,000. Millennium Management LLC lifted its position in shares of AMN Healthcare Services by 262.1% during the 3rd quarter. Millennium Management LLC now owns 1,287,918 shares of the company’s stock valued at $24,934,000 after acquiring an additional 932,269 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of AMN Healthcare Services by 50.7% during the 1st quarter. Renaissance Technologies LLC now owns 1,376,341 shares of the company’s stock valued at $25,242,000 after acquiring an additional 463,100 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.