AMN Healthcare Services (NYSE:AMN) Hits New 12-Month High – Here’s What Happened

AMN Healthcare Services Inc (NYSE:AMN)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $31.76 and last traded at $31.7890, with a volume of 927497 shares trading hands. The stock had previously closed at $30.61.

Analyst Upgrades and Downgrades

AMN has been the topic of a number of analyst reports. Citigroup restated an “outperform” rating on shares of AMN Healthcare Services in a research report on Monday, February 23rd. Zacks Research cut AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. UBS Group raised their target price on AMN Healthcare Services from $19.50 to $32.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Weiss Ratings restated a “sell (e+)” rating on shares of AMN Healthcare Services in a research report on Friday, May 22nd. Finally, Wall Street Zen upgraded AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 16th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $25.29.

AMN Healthcare Services Trading Up 3.9%

The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -36.54, a PEG ratio of 0.73 and a beta of 0.44. The company has a fifty day moving average of $23.54 and a 200-day moving average of $19.93.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, May 7th. The company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.50. AMN Healthcare Services had a positive return on equity of 18.01% and a negative net margin of 0.95%.The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the firm posted $0.45 EPS. AMN Healthcare Services’s revenue was up 99.9% compared to the same quarter last year. As a group, equities research analysts anticipate that AMN Healthcare Services Inc will post 2.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AMN Healthcare Services

Several institutional investors have recently bought and sold shares of AMN. Arrowstreet Capital Limited Partnership boosted its holdings in AMN Healthcare Services by 1,278.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,401,725 shares of the company’s stock worth $25,708,000 after buying an additional 1,300,005 shares during the last quarter. Boston Partners boosted its holdings in AMN Healthcare Services by 7,583.1% in the 4th quarter. Boston Partners now owns 1,035,145 shares of the company’s stock worth $16,313,000 after buying an additional 1,021,672 shares during the last quarter. Woodline Partners LP purchased a new position in AMN Healthcare Services in the 3rd quarter worth approximately $19,176,000. Millennium Management LLC lifted its stake in AMN Healthcare Services by 262.1% in the 3rd quarter. Millennium Management LLC now owns 1,287,918 shares of the company’s stock worth $24,934,000 after purchasing an additional 932,269 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in AMN Healthcare Services by 50.7% in the 1st quarter. Renaissance Technologies LLC now owns 1,376,341 shares of the company’s stock worth $25,242,000 after purchasing an additional 463,100 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

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.