AMN Healthcare Services (NYSE:AMN) Director Sells $114,368.67 in Stock

AMN Healthcare Services Inc (NYSE:AMN) Director Mark Foletta sold 3,681 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $31.07, for a total value of $114,368.67. Following the completion of the sale, the director directly owned 17,917 shares in the company, valued at approximately $556,681.19. The trade was a 17.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

AMN Healthcare Services Stock Up 0.1%

AMN stock opened at $31.01 on Friday. AMN Healthcare Services Inc has a fifty-two week low of $14.86 and a fifty-two week high of $33.13. The company’s 50 day moving average price is $26.00 and its 200 day moving average price is $20.94. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -35.65, a PEG ratio of 0.71 and a beta of 0.44. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.09 and a current ratio of 1.09.

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

Institutional Trading of AMN Healthcare Services

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its position in AMN Healthcare Services by 1,278.0% in the first 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 period. Boston Partners lifted its stake in shares of 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 acquiring an additional 1,021,672 shares during the period. Woodline Partners LP acquired a new stake in AMN Healthcare Services in the third quarter worth approximately $19,176,000. Millennium Management LLC lifted its holdings in shares of AMN Healthcare Services by 262.1% in the third quarter. Millennium Management LLC now owns 1,287,918 shares of the company’s stock valued at $24,934,000 after buying an additional 932,269 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings 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 valued at $25,242,000 after acquiring an additional 463,100 shares during the last quarter. 99.23% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AMN has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of AMN Healthcare Services from $19.50 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Zacks Research lowered AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Citigroup restated an “outperform” rating on shares of AMN Healthcare Services in a research report on Monday, February 23rd. BMO Capital Markets raised their price target on AMN Healthcare Services from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Finally, Wall Street Zen raised shares of AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 16th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.29.

About AMN Healthcare Services

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.