Investors Purchase Large Volume of AMN Healthcare Services Call Options (AMN)

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AMN Healthcare Services, Inc. (NYSE:AMN) was the target of unusually large options trading activity on Thursday. Stock traders purchased 1,371 call options on the company. This represents an increase of 1,193% compared to the average daily volume of 106 call options.

In related news, CFO Brian M. Scott sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 20th. The shares were sold at an average price of $59.11, for a total transaction of $1,182,200.00. Following the completion of the transaction, the chief financial officer now directly owns 56,365 shares in the company, valued at approximately $3,331,735.15. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brian M. Scott sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of $58.58, for a total transaction of $732,250.00. Following the transaction, the chief financial officer now owns 56,365 shares of the company’s stock, valued at $3,301,861.70. The disclosure for this sale can be found here. 2.18% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of AMN. Rhumbline Advisers increased its position in shares of AMN Healthcare Services by 2.1% during the first quarter. Rhumbline Advisers now owns 110,509 shares of the company’s stock worth $6,271,000 after buying an additional 2,247 shares during the period. Comerica Bank increased its position in shares of AMN Healthcare Services by 3.1% during the first quarter. Comerica Bank now owns 51,555 shares of the company’s stock worth $3,444,000 after buying an additional 1,533 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of AMN Healthcare Services by 35.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,177 shares of the company’s stock worth $180,000 after buying an additional 836 shares during the period. Prudential Financial Inc. increased its position in shares of AMN Healthcare Services by 2.1% during the first quarter. Prudential Financial Inc. now owns 84,821 shares of the company’s stock worth $4,813,000 after buying an additional 1,750 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its position in shares of AMN Healthcare Services by 11.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 59,636 shares of the company’s stock worth $3,384,000 after buying an additional 6,218 shares during the period.

Several equities analysts have issued reports on the stock. BMO Capital Markets restated a “buy” rating and issued a $67.00 price target on shares of AMN Healthcare Services in a research report on Thursday, July 12th. Zacks Investment Research upgraded shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. ValuEngine cut shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a research report on Wednesday. Robert W. Baird restated a “hold” rating and issued a $58.00 price target on shares of AMN Healthcare Services in a research report on Friday, August 3rd. Finally, Lake Street Capital decreased their price target on shares of AMN Healthcare Services from $70.00 to $67.00 and set a “buy” rating for the company in a research report on Friday, August 3rd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $65.11.

Shares of NYSE AMN opened at $53.85 on Friday. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.77. AMN Healthcare Services has a 52-week low of $37.71 and a 52-week high of $68.20. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 19.09, a price-to-earnings-growth ratio of 1.25 and a beta of 0.30.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.05. AMN Healthcare Services had a net margin of 7.08% and a return on equity of 23.75%. The company had revenue of $558.10 million during the quarter, compared to analysts’ expectations of $533.99 million. During the same period in the prior year, the company posted $0.67 earnings per share. AMN Healthcare Services’s revenue for the quarter was up 13.9% compared to the same quarter last year. research analysts expect that AMN Healthcare Services will post 3.21 earnings per share for the current year.

About AMN Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services in the United States. The company operates through three segments: Nurse and Allied Solutions, Locum Tenens Solutions, and Other Workforce Solutions. The company offers travel nurse staffing under the American Mobile, Onward Healthcare, Nurses Rx, and O'Grady-Peyton brands; rapid response nurse staffing and labor disruption services, a shorter-term staffing solution under the NurseChoice brand; local, or per diem, staffing for daily shift work or on as-needed basis under the Nursefinders brand; and locum tenens staffing for specialties, clinicians, and dentists on an independent contractor basis on temporary assignments from a few days up to one year under the Staff Care and Locum Leaders brands.

Read More: Outstanding Shares and The Effect on Share Price

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