AMN Healthcare Services, Inc. (NYSE:AMN) Short Interest Update

AMN Healthcare Services, Inc. (NYSE:AMNGet Rating) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 4,690,000 shares, an increase of 6.8% from the August 15th total of 4,390,000 shares. Approximately 10.9% of the company’s shares are short sold. Based on an average daily trading volume, of 689,500 shares, the short-interest ratio is currently 6.8 days.

AMN Healthcare Services Stock Up 0.7 %

Shares of AMN Healthcare Services stock opened at $107.61 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.81. The firm has a market cap of $4.66 billion, a P/E ratio of 10.96, a P/E/G ratio of 2.96 and a beta of 0.29. AMN Healthcare Services has a fifty-two week low of $82.75 and a fifty-two week high of $129.12. The business has a 50-day moving average price of $109.73 and a 200 day moving average price of $104.08.

AMN Healthcare Services (NYSE:AMNGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The company reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.31. AMN Healthcare Services had a return on equity of 49.78% and a net margin of 8.81%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the company posted $1.64 EPS. The business’s revenue for the quarter was up 66.4% compared to the same quarter last year. On average, sell-side analysts forecast that AMN Healthcare Services will post 11.26 earnings per share for the current fiscal year.

AMN Healthcare Services announced that its Board of Directors has approved a stock repurchase program on Wednesday, June 15th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Activity

In other news, insider Denise L. Jackson sold 6,330 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $107.09, for a total value of $677,879.70. Following the completion of the transaction, the insider now owns 18,267 shares of the company’s stock, valued at $1,956,213.03. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On AMN Healthcare Services

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC raised its position in AMN Healthcare Services by 53.3% in the first quarter. Quadrant Capital Group LLC now owns 391 shares of the company’s stock worth $41,000 after acquiring an additional 136 shares in the last quarter. HBC Financial Services PLLC bought a new stake in AMN Healthcare Services in the first quarter worth about $41,000. Archer Investment Corp acquired a new stake in AMN Healthcare Services during the 1st quarter worth about $52,000. CWM LLC raised its holdings in AMN Healthcare Services by 26.0% during the 2nd quarter. CWM LLC now owns 635 shares of the company’s stock worth $70,000 after buying an additional 131 shares during the period. Finally, First Horizon Advisors Inc. raised its holdings in AMN Healthcare Services by 472.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 738 shares of the company’s stock worth $80,000 after buying an additional 609 shares during the period. 96.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMN has been the subject of a number of analyst reports. StockNews.com lowered shares of AMN Healthcare Services from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 2nd. Credit Suisse Group boosted their price objective on shares of AMN Healthcare Services to $125.00 in a research report on Tuesday, August 9th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $140.50.

AMN Healthcare Services Company Profile

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AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to hospitals and 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, rapid response nurse staffing and labor disruption, allied staffing, local staffing, and revenue cycle solutions.

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