StockNews.com Upgrades AMN Healthcare Services (NYSE:AMN) to “Hold”

StockNews.com upgraded shares of AMN Healthcare Services (NYSE:AMN) from a sell rating to a hold rating in a research note published on Tuesday.

Several other research firms also recently issued reports on AMN. JMP Securities dropped their target price on AMN Healthcare Services from $87.00 to $75.00 and set a market outperform rating on the stock in a research report on Monday, February 26th. Truist Financial dropped their target price on AMN Healthcare Services from $88.00 to $70.00 and set a buy rating on the stock in a research report on Monday. Finally, BMO Capital Markets dropped their target price on AMN Healthcare Services from $85.00 to $83.00 and set an outperform rating on the stock in a research report on Tuesday, February 20th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, AMN Healthcare Services has an average rating of Hold and an average price target of $85.00.

AMN Healthcare Services Price Performance

Shares of NYSE AMN opened at $57.16 on Tuesday. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 10.80 and a beta of 0.22. The stock has a fifty day simple moving average of $59.92 and a two-hundred day simple moving average of $67.92. AMN Healthcare Services has a 1-year low of $53.77 and a 1-year high of $112.44. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.57.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, February 15th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.07. The firm had revenue of $818.27 million for the quarter, compared to the consensus estimate of $803.14 million. AMN Healthcare Services had a return on equity of 38.29% and a net margin of 5.56%. The business’s quarterly revenue was down 27.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.48 earnings per share. Analysts anticipate that AMN Healthcare Services will post 3.97 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Jorge A. Caballero purchased 2,000 shares of the stock in a transaction on Wednesday, March 6th. The shares were acquired at an average price of $56.80 per share, for a total transaction of $113,600.00. Following the completion of the transaction, the director now directly owns 2,437 shares of the company’s stock, valued at approximately $138,421.60. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Jeffrey R. Knudson purchased 6,951 shares of the stock in a transaction on Wednesday, February 28th. The shares were acquired at an average price of $57.75 per share, for a total transaction of $401,420.25. Following the completion of the transaction, the chief financial officer now directly owns 27,804 shares of the company’s stock, valued at approximately $1,605,681. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jorge A. Caballero purchased 2,000 shares of the stock in a transaction on Wednesday, March 6th. The shares were purchased at an average price of $56.80 per share, for a total transaction of $113,600.00. Following the transaction, the director now directly owns 2,437 shares of the company’s stock, valued at $138,421.60. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 26,626 shares of company stock worth $1,516,899. Corporate insiders own 0.93% of the company’s stock.

Institutional Investors Weigh In On AMN Healthcare Services

A number of large investors have recently added to or reduced their stakes in AMN. Assenagon Asset Management S.A. bought a new position in shares of AMN Healthcare Services during the fourth quarter valued at about $5,361,000. American Century Companies Inc. grew its stake in shares of AMN Healthcare Services by 13.1% during the third quarter. American Century Companies Inc. now owns 177,151 shares of the company’s stock valued at $15,090,000 after buying an additional 20,510 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of AMN Healthcare Services by 145.8% during the fourth quarter. Pacer Advisors Inc. now owns 1,396,603 shares of the company’s stock valued at $104,578,000 after buying an additional 828,390 shares during the last quarter. Comerica Bank bought a new position in shares of AMN Healthcare Services during the third quarter valued at about $4,195,000. Finally, Cambiar Investors LLC grew its stake in shares of AMN Healthcare Services by 17.8% during the third quarter. Cambiar Investors LLC now owns 27,056 shares of the company’s stock valued at $2,305,000 after buying an additional 4,079 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

About AMN Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. The Nurse and Allied Solutions segment offers travel nurse staffing, labor disruption staffing, local staffing, international nurse and allied permanent placement, and allied staffing solutions.