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

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

Other analysts have also issued reports about the stock. Truist Financial reduced their price objective on shares of AMN Healthcare Services from $88.00 to $70.00 and set a “buy” rating on the stock in a report on Monday. JMP Securities reduced their price objective on shares of 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 reduced their price objective on shares of 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $85.00.

AMN Healthcare Services Stock Up 0.1 %

NYSE AMN opened at $57.21 on Tuesday. AMN Healthcare Services has a 52 week low of $53.77 and a 52 week high of $112.44. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.57. The business’s fifty day simple moving average is $59.50 and its 200-day simple moving average is $67.84. The firm has a market cap of $2.17 billion, a PE ratio of 10.81 and a beta of 0.22.

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

Insider Activity at AMN Healthcare Services

In other AMN Healthcare Services news, CEO Caroline Grace purchased 17,500 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was 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 directly owns 27,178 shares of the company’s stock, valued at approximately $1,540,449.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Jorge A. Caballero acquired 2,000 shares of AMN Healthcare Services stock in a transaction on Wednesday, March 6th. The stock was bought at an average price of $56.80 per share, for a total transaction of $113,600.00. Following the completion of the purchase, the director now owns 2,437 shares in the company, valued at $138,421.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Caroline Grace acquired 17,500 shares of AMN Healthcare Services stock in a transaction on Tuesday, February 27th. The stock was purchased at an average price of $56.68 per share, with a total value of $991,900.00. Following the purchase, the chief executive officer now 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. Insiders acquired 26,626 shares of company stock valued at $1,516,899 over the last three months. 0.93% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AMN Healthcare Services

Several hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. lifted its holdings in shares of AMN Healthcare Services by 157.5% during the first quarter. Assenagon Asset Management S.A. now owns 184,341 shares of the company’s stock worth $11,523,000 after purchasing an additional 112,745 shares during the period. Azzad Asset Management Inc. ADV lifted its holdings in shares of AMN Healthcare Services by 19.2% during the first quarter. Azzad Asset Management Inc. ADV now owns 9,184 shares of the company’s stock worth $574,000 after purchasing an additional 1,478 shares during the period. Tributary Capital Management LLC lifted its holdings in shares of AMN Healthcare Services by 20.2% during the first quarter. Tributary Capital Management LLC now owns 266,585 shares of the company’s stock worth $16,664,000 after purchasing an additional 44,740 shares during the period. AlphaMark Advisors LLC acquired a new stake in shares of AMN Healthcare Services during the first quarter worth $254,000. Finally, Thompson Investment Management Inc. lifted its holdings in shares of AMN Healthcare Services by 6.3% during the first quarter. Thompson Investment Management Inc. now owns 46,514 shares of the company’s stock worth $2,908,000 after purchasing an additional 2,758 shares during the period. 99.23% of the stock is owned by institutional investors and hedge funds.

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.