AMN Healthcare Services (NYSE:AMN) Upgraded at StockNews.com

AMN Healthcare Services (NYSE:AMN) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

Several other equities analysts also recently weighed in on the company. Truist Financial lowered 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. JMP Securities decreased their price target on AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating on the stock in a report on Monday, February 26th. Finally, BMO Capital Markets decreased their price target on AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $85.00.

AMN Healthcare Services Price Performance

NYSE AMN opened at $56.51 on Tuesday. The company has a market capitalization of $2.14 billion, a PE ratio of 10.68 and a beta of 0.22. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.28 and a current ratio of 1.28. The business’s fifty day moving average is $60.30 and its 200 day moving average is $68.06. AMN Healthcare Services has a fifty-two week low of $53.77 and a fifty-two week high of $112.44.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, February 15th. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.07. The company 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%. AMN Healthcare Services’s quarterly revenue was down 27.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.48 earnings per share. Sell-side analysts predict that AMN Healthcare Services will post 3.97 earnings per share for the current year.

Insider Transactions at AMN Healthcare Services

In other news, CEO Caroline Grace bought 17,500 shares of AMN Healthcare Services stock in a transaction dated Tuesday, February 27th. The shares were purchased at an average cost of $56.68 per share, with a total value of $991,900.00. Following the completion of the acquisition, the chief executive officer now owns 27,178 shares of the company’s stock, valued at approximately $1,540,449.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Jeffrey R. Knudson bought 6,951 shares of AMN Healthcare Services stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average cost of $57.75 per share, with a total value of $401,420.25. Following the completion of the acquisition, the chief financial officer now owns 27,804 shares of the company’s stock, valued at approximately $1,605,681. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Caroline Grace bought 17,500 shares of AMN Healthcare Services stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average cost of $56.68 per share, for a total transaction of $991,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 27,178 shares of the company’s stock, valued at approximately $1,540,449.04. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 26,626 shares of company stock valued at $1,516,899. 0.93% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in AMN Healthcare Services by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 4,251,503 shares of the company’s stock worth $318,353,000 after acquiring an additional 30,513 shares in the last quarter. Boston Partners grew its position in AMN Healthcare Services by 102.7% in the fourth quarter. Boston Partners now owns 2,884,550 shares of the company’s stock worth $216,038,000 after acquiring an additional 1,461,541 shares in the last quarter. Pacer Advisors Inc. grew its position in AMN Healthcare Services by 145.8% in the fourth quarter. Pacer Advisors Inc. now owns 1,396,603 shares of the company’s stock worth $104,578,000 after acquiring an additional 828,390 shares in the last quarter. Federated Hermes Inc. grew its position in AMN Healthcare Services by 2.3% in the third quarter. Federated Hermes Inc. now owns 734,204 shares of the company’s stock worth $62,539,000 after acquiring an additional 16,449 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its position in AMN Healthcare Services by 3,287.3% in the third quarter. Teacher Retirement System of Texas now owns 555,990 shares of the company’s stock worth $47,359,000 after acquiring an additional 539,576 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Company Profile

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.