AMN Healthcare Services (AMN) Upgraded to “Hold” at Zacks Investment Research

AMN Healthcare Services (NYSE:AMN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “AMN Healthcare Services, Inc. is a travel healthcare staffing company. It recruits and places nurses, physicians, and other healthcare professionals in travel or permanent assignments in acute-care facilities, physician practice groups, and other healthcare facilities. The Company’s professionals include RNs, surgical technologists, nurse practitioners, respiratory therapists, radiology technologists, rehab professionals, and therapy assistants. AMN Healthcare Services, Inc. is headquartered in San Diego, California. “

A number of other research firms have also commented on AMN. Jefferies Financial Group reaffirmed a “buy” rating and set a $68.00 target price on shares of AMN Healthcare Services in a report on Friday, August 3rd. Lake Street Capital lowered their target price on shares of AMN Healthcare Services from $70.00 to $67.00 and set a “buy” rating for the company in a report on Friday, August 3rd. Robert W. Baird reaffirmed a “hold” rating and set a $58.00 target price on shares of AMN Healthcare Services in a report on Friday, August 3rd. ValuEngine lowered shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Finally, BMO Capital Markets reissued a “buy” rating on shares of AMN Healthcare Services in a research report on Friday, August 3rd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. AMN Healthcare Services has an average rating of “Buy” and an average price target of $65.11.

AMN traded up $0.40 during trading on Monday, reaching $57.90. 330,544 shares of the company’s stock were exchanged, compared to its average volume of 488,324. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.65 and a current ratio of 1.65. AMN Healthcare Services has a fifty-two week low of $36.90 and a fifty-two week high of $68.20. The firm has a market capitalization of $2.73 billion, a PE ratio of 22.62, a P/E/G ratio of 1.38 and a beta of 0.42.

AMN Healthcare Services (NYSE:AMN) last released its earnings results on Thursday, August 2nd. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $558.10 million during the quarter, compared to analyst estimates of $533.99 million. During the same quarter in the previous year, the business earned $0.67 EPS. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. equities analysts forecast that AMN Healthcare Services will post 3.21 EPS for the current year.

In other news, CFO Brian M. Scott sold 20,000 shares of AMN Healthcare Services stock in a transaction 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 transaction, the chief financial officer now directly owns 56,365 shares of the company’s stock, valued at $3,331,735.15. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Brian M. Scott sold 12,500 shares of AMN Healthcare Services stock in a transaction 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 directly owns 56,365 shares in the company, valued at $3,301,861.70. The disclosure for this sale can be found here. Company insiders own 2.18% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC lifted its position in AMN Healthcare Services by 89.8% in the 2nd quarter. Jane Street Group LLC now owns 7,722 shares of the company’s stock valued at $453,000 after acquiring an additional 3,653 shares in the last quarter. California Public Employees Retirement System lifted its position in AMN Healthcare Services by 37.5% in the 2nd quarter. California Public Employees Retirement System now owns 32,730 shares of the company’s stock valued at $1,918,000 after acquiring an additional 8,933 shares in the last quarter. Pettee Investors Inc. bought a new stake in AMN Healthcare Services in the 2nd quarter valued at $651,000. Northstar Capital Management LLC lifted its position in AMN Healthcare Services by 2.1% in the 2nd quarter. Northstar Capital Management LLC now owns 64,568 shares of the company’s stock valued at $3,784,000 after acquiring an additional 1,310 shares in the last quarter. Finally, Waddell & Reed Financial Inc. lifted its position in AMN Healthcare Services by 14.5% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 1,776,631 shares of the company’s stock valued at $104,111,000 after acquiring an additional 224,540 shares in the last quarter.

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.

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