AMN Healthcare Services (AMN) Reaches New 1-Year Low at $46.83

AMN Healthcare Services, Inc. (NYSE:AMN) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $46.83 and last traded at $47.31, with a volume of 10593 shares traded. The stock had previously closed at $48.27.

AMN has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of AMN Healthcare Services from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a report on Tuesday, November 20th. Sidoti set a $73.00 price objective on shares of AMN Healthcare Services and gave the stock a “buy” rating in a report on Friday, February 15th. Jefferies Financial Group upped their price objective on shares of AMN Healthcare Services to $74.00 and gave the stock a “buy” rating in a report on Wednesday, January 23rd. Finally, ValuEngine cut shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Friday, February 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $66.80.

The firm has a market capitalization of $2.19 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 1.35 and a beta of 0.79. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.58 and a current ratio of 1.57.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, February 14th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.02. AMN Healthcare Services had a net margin of 6.64% and a return on equity of 25.86%. The company had revenue of $528.60 million during the quarter, compared to analysts’ expectations of $539.25 million. During the same period in the prior year, the company earned $0.63 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts expect that AMN Healthcare Services, Inc. will post 3.15 EPS for the current fiscal year.

In other AMN Healthcare Services news, CFO Brian M. Scott sold 7,500 shares of the company’s stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $65.01, for a total transaction of $487,575.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Susan R. Salka sold 39,552 shares of the company’s stock in a transaction dated Tuesday, January 8th. The shares were sold at an average price of $57.90, for a total transaction of $2,290,060.80. Following the sale, the insider now owns 197,707 shares of the company’s stock, valued at $11,447,235.30. The disclosure for this sale can be found here. 2.18% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Aperio Group LLC raised its position in shares of AMN Healthcare Services by 5.4% during the third quarter. Aperio Group LLC now owns 42,155 shares of the company’s stock valued at $2,306,000 after buying an additional 2,156 shares during the last quarter. First Trust Advisors LP raised its position in shares of AMN Healthcare Services by 14.3% during the third quarter. First Trust Advisors LP now owns 71,402 shares of the company’s stock valued at $3,906,000 after buying an additional 8,916 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of AMN Healthcare Services by 9.5% during the third quarter. State Board of Administration of Florida Retirement System now owns 65,857 shares of the company’s stock valued at $3,602,000 after buying an additional 5,711 shares during the last quarter. WINTON GROUP Ltd raised its position in shares of AMN Healthcare Services by 132.5% during the third quarter. WINTON GROUP Ltd now owns 8,722 shares of the company’s stock valued at $477,000 after buying an additional 4,971 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of AMN Healthcare Services by 7.4% during the third quarter. Janney Montgomery Scott LLC now owns 50,711 shares of the company’s stock valued at $2,774,000 after buying an additional 3,516 shares during the last quarter.

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AMN Healthcare Services Company Profile (NYSE:AMN)

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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