AMN Healthcare Services (NYSE:AMN) Receives Market Outperform Rating from JMP Securities

JMP Securities reiterated their market outperform rating on shares of AMN Healthcare Services (NYSE:AMN) in a research note published on Friday, Benzinga reports. JMP Securities currently has a $75.00 price target on the stock.

AMN has been the subject of a number of other research reports. Benchmark restated a hold rating on shares of AMN Healthcare Services in a report on Thursday, May 2nd. StockNews.com upgraded AMN Healthcare Services from a sell rating to a hold rating in a research report on Tuesday, April 23rd. BMO Capital Markets lowered their price target on AMN Healthcare Services from $85.00 to $83.00 and set an outperform rating for the company in a report on Tuesday, February 20th. Finally, Truist Financial cut their price objective on 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. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, AMN Healthcare Services currently has a consensus rating of Hold and an average price target of $82.86.

AMN Healthcare Services Price Performance

AMN traded down $6.14 during trading on Friday, reaching $54.71. The company’s stock had a trading volume of 2,284,447 shares, compared to its average volume of 652,617. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.57. The firm has a fifty day simple moving average of $59.47 and a two-hundred day simple moving average of $66.55. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 14.71 and a beta of 0.22. AMN Healthcare Services has a 1 year low of $53.00 and a 1 year high of $112.44.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. AMN Healthcare Services had a return on equity of 31.87% and a net margin of 4.13%. The company had revenue of $820.90 million for the quarter, compared to analyst estimates of $816.54 million. During the same quarter in the previous year, the company posted $2.49 earnings per share. The firm’s revenue for the quarter was down 27.1% compared to the same quarter last year. As a group, analysts anticipate that AMN Healthcare Services will post 3.86 EPS for the current year.

Insider Activity at AMN Healthcare Services

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

Institutional Trading of AMN Healthcare Services

Several institutional investors have recently modified their holdings of AMN. Hexagon Capital Partners LLC lifted its stake in AMN Healthcare Services by 69.0% in the fourth quarter. Hexagon Capital Partners LLC now owns 360 shares of the company’s stock valued at $27,000 after buying an additional 147 shares during the last quarter. GAMMA Investing LLC purchased a new position in AMN Healthcare Services during the 4th quarter worth $31,000. Quarry LP increased its stake in AMN Healthcare Services by 64.8% in the fourth quarter. Quarry LP now owns 519 shares of the company’s stock valued at $39,000 after purchasing an additional 204 shares during the period. Principal Securities Inc. purchased a new stake in shares of AMN Healthcare Services in the fourth quarter valued at about $49,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of AMN Healthcare Services during the first quarter worth about $58,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

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.