An issue of AMN Healthcare Services Inc (NYSE:AMN) debt rose 0.6% against its face value during trading on Monday. The high-yield issue of debt has a 5.125% coupon and is set to mature on October 1, 2024. The debt is now trading at $102.25. Price moves in a company’s debt in credit markets often anticipate parallel moves in its stock price.
A number of research firms have recently weighed in on AMN. Zacks Investment Research raised AMN Healthcare Services from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Tuesday, July 4th. ValuEngine downgraded AMN Healthcare Services from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Wells Fargo & Company began coverage on AMN Healthcare Services in a research note on Tuesday, June 27th. They issued an “outperform” rating and a $45.00 price target on the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. AMN Healthcare Services currently has an average rating of “Buy” and a consensus target price of $45.93.
AMN Healthcare Services Inc (NYSE AMN) traded up 0.53% during mid-day trading on Monday, hitting $38.20. 332,925 shares of the company were exchanged. The company’s 50-day moving average is $37.14 and its 200 day moving average is $38.61. AMN Healthcare Services Inc has a 12-month low of $26.00 and a 12-month high of $44.99. The company has a market capitalization of $1.83 billion, a P/E ratio of 16.83 and a beta of 0.57.
In related news, Director Mark G. Foletta sold 1,500 shares of the business’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $36.71, for a total value of $55,065.00. Following the transaction, the director now owns 6,025 shares in the company, valued at $221,177.75. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.49% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp purchased a new position in AMN Healthcare Services during the first quarter valued at about $52,653,000. Origin Asset Management LLP purchased a new position in AMN Healthcare Services during the first quarter valued at about $11,470,000. Atlantic Trust Group LLC purchased a new position in AMN Healthcare Services during the first quarter valued at about $1,666,000. Texas Permanent School Fund purchased a new position in AMN Healthcare Services during the first quarter valued at about $1,403,000. Finally, Lazard Asset Management LLC purchased a new position in AMN Healthcare Services during the first quarter valued at about $23,213,000.
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About AMN Healthcare Services
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services at acute and sub-acute care hospitals and other healthcare facilities throughout the United States. The Company’s segments include nurse and allied solutions, locum tenens solutions and other workforce solutions.
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