AMN Healthcare Services (NYSE:AMN) Downgraded by StockNews.com to “Hold”

AMN Healthcare Services (NYSE:AMN – Get Rating) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Other equities research analysts have also issued reports about the stock. BMO Capital Markets dropped their target price on shares of AMN Healthcare Services from $130.00 to $109.00 and set an “outperform” rating for the company in a research report on Tuesday, February 21st. Robert W. Baird decreased their price target on shares of AMN Healthcare Services from $134.00 to $111.00 and set a “neutral” rating on the stock in a research note on Friday, February 17th. Truist Financial lifted their price target on shares of AMN Healthcare Services from $130.00 to $140.00 in a research note on Friday, November 4th. Benchmark reissued a “buy” rating and set a $148.00 price target on shares of AMN Healthcare Services in a research note on Monday, February 13th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $147.00 price target on shares of AMN Healthcare Services in a research note on Friday, February 17th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $131.00.

AMN Healthcare Services Trading Up 0.4 %

Shares of AMN Healthcare Services stock opened at $89.93 on Friday. AMN Healthcare Services has a 1 year low of $82.75 and a 1 year high of $129.04. The firm has a market cap of $3.69 billion, a PE ratio of 9.14, a PEG ratio of 3.27 and a beta of 0.34. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.27 and a quick ratio of 1.27. The company has a 50 day simple moving average of $98.91 and a two-hundred day simple moving average of $107.42.

AMN Healthcare Services (NYSE:AMN – Get Rating) last announced its earnings results on Thursday, February 16th. The company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.31. AMN Healthcare Services had a net margin of 8.47% and a return on equity of 49.69%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the business posted $2.95 earnings per share. AMN Healthcare Services’s revenue for the quarter was down 17.4% on a year-over-year basis. Analysts expect that AMN Healthcare Services will post 8.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Denise L. Jackson sold 1,002 shares of AMN Healthcare Services stock in a transaction on Friday, January 6th. The shares were sold at an average price of $109.30, for a total value of $109,518.60. Following the transaction, the insider now directly owns 18,079 shares of the company’s stock, valued at $1,976,034.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other AMN Healthcare Services news, insider Denise L. Jackson sold 4,001 shares of the business’s stock in a transaction on Monday, January 9th. The shares were sold at an average price of $110.76, for a total transaction of $443,150.76. Following the transaction, the insider now directly owns 14,078 shares of the company’s stock, valued at approximately $1,559,279.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Denise L. Jackson sold 1,002 shares of the business’s stock in a transaction on Friday, January 6th. The shares were sold at an average price of $109.30, for a total transaction of $109,518.60. Following the transaction, the insider now directly owns 18,079 shares in the company, valued at $1,976,034.70. The disclosure for this sale can be found here. 0.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its position in AMN Healthcare Services by 36.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,575 shares of the company’s stock valued at $470,000 after purchasing an additional 1,221 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in AMN Healthcare Services during the 4th quarter valued at $1,312,000. Truist Financial Corp increased its position in AMN Healthcare Services by 146.0% during the 4th quarter. Truist Financial Corp now owns 5,903 shares of the company’s stock valued at $607,000 after purchasing an additional 3,503 shares during the period. Linden Thomas Advisory Services LLC purchased a new position in AMN Healthcare Services during the 4th quarter valued at $359,000. Finally, WealthPLAN Partners LLC bought a new stake in shares of AMN Healthcare Services during the 4th quarter valued at $1,905,000. 96.94% of the stock is owned by hedge funds and other institutional investors.

About AMN Healthcare Services

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AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities across the nation. Its workforce solutions include managed services programs and recruitment process outsourcing. The firm operates through the following segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions.