AMN Healthcare Services (NYSE:AMN) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen cut shares of AMN Healthcare Services (NYSE:AMN) from a buy rating to a hold rating in a report issued on Tuesday morning.

A number of other analysts have also weighed in on the stock. Citigroup reissued an “outperform” rating on shares of AMN Healthcare Services in a research report on Friday, August 14th. Weiss Ratings upgraded AMN Healthcare Services from a “sell (d-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. BMO Capital Markets raised their target price on shares of AMN Healthcare Services from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Robert W. Baird set a $36.00 target price on AMN Healthcare Services in a research report on Friday, August 7th. Finally, Zacks Research cut shares of AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, AMN Healthcare Services has a consensus rating of “Hold” and a consensus target price of $31.43.

AMN Healthcare Services Price Performance

AMN stock opened at $33.80 on Tuesday. The company has a market capitalization of $1.31 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 1.27 and a beta of 0.40. The company’s fifty day moving average price is $33.42 and its 200-day moving average price is $26.31. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.13 and a current ratio of 1.13. AMN Healthcare Services has a one year low of $14.97 and a one year high of $37.22.

AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, August 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.58. AMN Healthcare Services had a return on equity of 19.92% and a net margin of 3.06%.The firm had revenue of $673.24 million for the quarter, compared to analysts’ expectations of $628.39 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. On average, equities analysts anticipate that AMN Healthcare Services will post 3.1 EPS for the current fiscal year.

Insider Activity at AMN Healthcare Services

In related news, Director Mark G. Foletta sold 3,681 shares of AMN Healthcare Services stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $31.07, for a total transaction of $114,368.67. Following the completion of the sale, the director owned 17,917 shares of the company’s stock, valued at $556,681.19. The trade was a 17.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is owned by company insiders.

Hedge Funds Weigh In On AMN Healthcare Services

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in AMN Healthcare Services during the 2nd quarter valued at approximately $215,047,000. California State Teachers Retirement System lifted its position in AMN Healthcare Services by 3,085.5% during the second quarter. California State Teachers Retirement System now owns 1,421,949 shares of the company’s stock valued at $43,928,000 after purchasing an additional 1,377,311 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in AMN Healthcare Services by 1,278.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,401,725 shares of the company’s stock valued at $25,708,000 after purchasing an additional 1,300,005 shares during the last quarter. Boston Partners boosted its holdings in AMN Healthcare Services by 7,583.1% in the fourth quarter. Boston Partners now owns 1,035,145 shares of the company’s stock valued at $16,313,000 after purchasing an additional 1,021,672 shares during the last quarter. Finally, Woodline Partners LP acquired a new stake in AMN Healthcare Services during the 3rd quarter worth about $19,176,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

About AMN Healthcare Services

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.