AMN Healthcare Services (NYSE:AMN) Cut to “Sell” at StockNews.com

AMN Healthcare Services (NYSE:AMN) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

Other equities research analysts also recently issued research reports about the company. JMP Securities decreased their target price on AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating for the company in a report on Monday, February 26th. BMO Capital Markets lowered their target price on AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, AMN Healthcare Services presently has an average rating of “Hold” and a consensus target price of $87.25.

AMN Healthcare Services Stock Up 0.8 %

Shares of NYSE:AMN traded up $0.43 on Monday, reaching $57.06. The company had a trading volume of 680,600 shares, compared to its average volume of 793,268. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $2.16 billion, a PE ratio of 10.79 and a beta of 0.22. AMN Healthcare Services has a 52-week low of $53.77 and a 52-week high of $112.44. The firm’s 50 day simple moving average is $62.22 and its 200-day simple moving average is $69.05.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, February 15th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. AMN Healthcare Services had a net margin of 5.56% and a return on equity of 38.29%. The business had revenue of $818.27 million for the quarter, compared to analysts’ expectations of $803.14 million. During the same period last year, the business earned $2.48 EPS. The company’s revenue was down 27.3% compared to the same quarter last year. As a group, analysts expect that AMN Healthcare Services will post 3.97 earnings per share for the current fiscal year.

Insider Transactions at AMN Healthcare Services

In other news, CEO Caroline Grace purchased 17,500 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average price of $56.68 per share, for a total transaction of $991,900.00. Following the acquisition, the chief executive officer now directly owns 27,178 shares in the company, valued at approximately $1,540,449.04. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Caroline Grace bought 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average cost of $56.68 per share, with a total value of $991,900.00. Following the transaction, the chief executive officer now owns 27,178 shares of the company’s stock, valued at approximately $1,540,449.04. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jorge A. Caballero acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average cost of $56.80 per share, with a total value of $113,600.00. Following the transaction, the director now directly owns 2,437 shares of the company’s stock, valued at $138,421.60. The disclosure for this purchase can be found here. Insiders have purchased a total of 26,626 shares of company stock worth $1,516,899 in the last ninety days. Insiders own 0.93% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AMN. Assenagon Asset Management S.A. purchased a new position in shares of AMN Healthcare Services during the 4th quarter valued at approximately $5,361,000. American Century Companies Inc. increased its position in shares of AMN Healthcare Services by 13.1% in the 3rd quarter. American Century Companies Inc. now owns 177,151 shares of the company’s stock worth $15,090,000 after purchasing an additional 20,510 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of AMN Healthcare Services by 145.8% in the 4th quarter. Pacer Advisors Inc. now owns 1,396,603 shares of the company’s stock valued at $104,578,000 after purchasing an additional 828,390 shares in the last quarter. Comerica Bank bought a new position in shares of AMN Healthcare Services during the third quarter worth about $4,195,000. Finally, Cambiar Investors LLC grew its stake in AMN Healthcare Services by 17.8% in the third quarter. Cambiar Investors LLC now owns 27,056 shares of the company’s stock worth $2,305,000 after purchasing an additional 4,079 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to 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, labor disruption staffing, local staffing, international nurse and allied permanent placement, and allied staffing solutions.