AMN Healthcare Services (NYSE:AMN) Hits New 12-Month Low at $82.73

AMN Healthcare Services, Inc. (NYSE:AMN – Get Rating)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $82.73 and last traded at $83.03, with a volume of 520208 shares traded. The stock had previously closed at $85.15.

Analyst Ratings Changes

Several brokerages have issued reports on AMN. Credit Suisse Group reissued an “outperform” rating and issued a $147.00 target price on shares of AMN Healthcare Services in a research report on Friday, February 17th. Benchmark reaffirmed a “buy” rating and set a $148.00 price objective on shares of AMN Healthcare Services in a research report on Monday, February 13th. BMO Capital Markets lowered their price objective on AMN Healthcare Services from $130.00 to $109.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 21st. Robert W. Baird lowered their price objective on AMN Healthcare Services from $134.00 to $111.00 and set a “neutral” rating on the stock in a research report on Friday, February 17th. Finally, StockNews.com began coverage on AMN Healthcare Services in a research report on Thursday. They set a “hold” rating on the stock. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, AMN Healthcare Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.00.

AMN Healthcare Services Price Performance

The firm has a 50 day moving average of $95.43 and a 200-day moving average of $106.20. The company has a market cap of $3.43 billion, a P/E ratio of 8.48, a P/E/G ratio of 3.10 and a beta of 0.34. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.81.

AMN Healthcare Services (NYSE:AMN – Get Rating) last issued 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. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.07 billion. AMN Healthcare Services had a return on equity of 49.69% and a net margin of 8.47%. The firm’s quarterly revenue was down 17.4% on a year-over-year basis. During the same quarter last year, the company earned $2.95 EPS. On average, equities research analysts predict that AMN Healthcare Services, Inc. will post 8.28 EPS for the current year.

Insider Activity at AMN Healthcare Services

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

Institutional Trading of AMN Healthcare Services

Large investors have recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new stake in AMN Healthcare Services in the 3rd quarter worth approximately $27,000. Ronald Blue Trust Inc. bought a new position in shares of AMN Healthcare Services during the 3rd quarter valued at approximately $30,000. Money Concepts Capital Corp bought a new position in shares of AMN Healthcare Services during the 4th quarter valued at approximately $33,000. McElhenny Sheffield Capital Management LLC bought a new position in shares of AMN Healthcare Services during the 4th quarter valued at approximately $33,000. Finally, HM Payson & Co. increased its position in shares of AMN Healthcare Services by 87.0% during the 4th quarter. HM Payson & Co. now owns 430 shares of the company’s stock valued at $44,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 96.94% of the company’s stock.

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. It operates through the following segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions.