Benchmark Reaffirms Hold Rating for AMN Healthcare Services (NYSE:AMN)

Benchmark reiterated their hold rating on shares of AMN Healthcare Services (NYSE:AMN) in a research note published on Thursday morning, Benzinga reports.

Other research analysts have also issued research reports about the company. BMO Capital Markets decreased their target price on AMN Healthcare Services from $85.00 to $83.00 and set an outperform rating on the stock in a research report on Tuesday, February 20th. StockNews.com raised shares of AMN Healthcare Services from a sell rating to a hold rating in a research note on Tuesday, April 23rd. Truist Financial reduced their price target on shares of AMN Healthcare Services from $88.00 to $70.00 and set a buy rating for the company in a research report on Monday, April 22nd. Finally, JMP Securities lowered their price objective on AMN Healthcare Services from $87.00 to $75.00 and set a market outperform rating on the stock in a report on Monday, February 26th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Hold and an average target price of $85.00.

AMN Healthcare Services Price Performance

Shares of AMN opened at $59.53 on Thursday. The business’s 50-day moving average is $59.15 and its two-hundred day moving average is $67.01. The company has a market capitalization of $2.26 billion, a P/E ratio of 11.25 and a beta of 0.22. AMN Healthcare Services has a fifty-two week low of $53.77 and a fifty-two week high of $112.44. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.28 and a current ratio of 1.28.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, February 15th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. The company had revenue of $818.27 million during the quarter, compared to the consensus estimate of $803.14 million. AMN Healthcare Services had a return on equity of 38.29% and a net margin of 5.56%. AMN Healthcare Services’s revenue for the quarter was down 27.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.48 earnings per share. Research analysts predict that AMN Healthcare Services will post 3.86 earnings per share for the current year.

Insider Buying and Selling at AMN Healthcare Services

In other AMN Healthcare Services news, CFO Jeffrey R. Knudson acquired 6,951 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average price of $57.75 per share, for a total transaction of $401,420.25. Following the completion of the acquisition, the chief financial officer now owns 27,804 shares of the company’s stock, valued at approximately $1,605,681. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Jeffrey R. Knudson bought 6,951 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was purchased at an average cost of $57.75 per share, for a total transaction of $401,420.25. Following the completion of the acquisition, the chief financial officer now owns 27,804 shares in the company, valued at approximately $1,605,681. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Caroline Grace bought 17,500 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average cost of $56.68 per share, with a total value of $991,900.00. Following the completion of the purchase, the chief executive officer now directly owns 27,178 shares in the company, valued at $1,540,449.04. The disclosure for this purchase can be found here. Insiders bought a total of 26,626 shares of company stock valued at $1,516,899 in the last three months. 0.93% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AMN Healthcare Services

Several institutional investors have recently modified their holdings of AMN. Geneos Wealth Management Inc. acquired a new stake in shares of AMN Healthcare Services during the 1st quarter worth about $58,000. FORA Capital LLC increased its stake in AMN Healthcare Services by 89.0% in the first quarter. FORA Capital LLC now owns 6,241 shares of the company’s stock valued at $390,000 after purchasing an additional 2,939 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in AMN Healthcare Services by 272.5% in the first quarter. Janney Montgomery Scott LLC now owns 10,716 shares of the company’s stock valued at $670,000 after purchasing an additional 7,839 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in AMN Healthcare Services by 124.9% during the first quarter. BNP Paribas Financial Markets now owns 70,803 shares of the company’s stock worth $4,426,000 after purchasing an additional 39,327 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of AMN Healthcare Services by 20.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,180 shares of the company’s stock worth $4,137,000 after buying an additional 11,314 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

About AMN Healthcare Services

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.