AMN Healthcare Services Inc (NYSE:AMN) Given Average Recommendation of “Hold” by Brokerages

AMN Healthcare Services Inc (NYSE:AMN) has been assigned an average recommendation of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $30.8571.

Several analysts have recently weighed in on AMN shares. Citizens Jmp reiterated a “market outperform” rating and issued a $36.00 price objective on shares of AMN Healthcare Services in a research note on Tuesday, June 23rd. Citigroup reissued a “market outperform” rating on shares of AMN Healthcare Services in a research note on Tuesday, June 23rd. Zacks Research cut shares of AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Truist Financial raised their price target on shares of AMN Healthcare Services from $26.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Finally, Wall Street Zen raised shares of AMN Healthcare Services from a “buy” rating to a “strong-buy” rating in a research note on Sunday.

Insider Activity

In other news, Director Mark G. Foletta sold 3,681 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was 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 $556,681.19. This trade represents a 17.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its holdings in shares of AMN Healthcare Services by 411.6% in the 1st quarter. Empowered Funds LLC now owns 268,007 shares of the company’s stock worth $4,915,000 after purchasing an additional 215,623 shares in the last quarter. Burney Co. acquired a new stake in AMN Healthcare Services in the 1st quarter valued at $4,152,000. FourThought Financial Partners LLC acquired a new stake in AMN Healthcare Services in the 4th quarter valued at $293,000. Arrowstreet Capital Limited Partnership increased its stake in 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 purchasing an additional 1,300,005 shares in the last quarter. Finally, Readystate Asset Management LP increased its stake in AMN Healthcare Services by 127.5% during the 1st quarter. Readystate Asset Management LP now owns 79,115 shares of the company’s stock valued at $1,451,000 after purchasing an additional 44,337 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

AMN Healthcare Services Trading Down 2.3%

NYSE AMN opened at $32.34 on Friday. The business has a 50 day simple moving average of $32.75 and a 200 day simple moving average of $25.44. AMN Healthcare Services has a one year low of $14.97 and a one year high of $37.22. The stock has a market capitalization of $1.25 billion, a P/E ratio of 12.07, a P/E/G ratio of 1.22 and a beta of 0.40. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.13 and a quick ratio of 1.09.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, August 6th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.58. The business had revenue of $673.24 million during the quarter, compared to the consensus estimate of $628.39 million. AMN Healthcare Services had a return on equity of 19.92% and a net margin of 3.06%.The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share. Research analysts expect that AMN Healthcare Services will post 3.1 earnings per share for the current year.

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.