AMN Healthcare Services (NYSE:AMN) Director Mark Foletta Sells 3,681 Shares

AMN Healthcare Services Inc (NYSE:AMN) Director Mark Foletta sold 3,681 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $31.07, for a total transaction of $114,368.67. Following the sale, the director directly owned 17,917 shares in the company, valued at approximately $556,681.19. The trade was a 17.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

AMN Healthcare Services Stock Performance

Shares of NYSE AMN opened at $32.46 on Thursday. The firm’s 50-day moving average price is $25.51 and its 200-day moving average price is $20.77. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.04. The company has a market cap of $1.26 billion, a PE ratio of -37.31, a PEG ratio of 0.73 and a beta of 0.44. AMN Healthcare Services Inc has a 52-week low of $14.86 and a 52-week high of $33.13.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, May 7th. The company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.50. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.23 billion. AMN Healthcare Services had a negative net margin of 0.95% and a positive return on equity of 18.01%. The business’s quarterly revenue was up 99.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 EPS. As a group, analysts anticipate that AMN Healthcare Services Inc will post 2.7 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AMN. Citigroup reissued an “outperform” rating on shares of AMN Healthcare Services in a report on Monday, February 23rd. Zacks Research downgraded shares of AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of AMN Healthcare Services in a report on Friday, May 22nd. Truist Financial raised their price objective on shares of AMN Healthcare Services from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Citizens Jmp raised their price objective on shares of AMN Healthcare Services from $22.00 to $24.00 and gave the stock a “market outperform” rating in a report on Monday, February 23rd. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, AMN Healthcare Services has a consensus rating of “Hold” and an average price target of $25.29.

Institutional Investors Weigh In On AMN Healthcare Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new stake in AMN Healthcare Services during the 4th quarter worth approximately $32,000. China Universal Asset Management Co. Ltd. raised its position in shares of AMN Healthcare Services by 200.0% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock valued at $47,000 after buying an additional 2,000 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in shares of AMN Healthcare Services during the third quarter valued at approximately $63,000. Tower Research Capital LLC TRC raised its position in shares of AMN Healthcare Services by 49.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock valued at $64,000 after buying an additional 1,020 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of AMN Healthcare Services during the first quarter valued at approximately $95,000. Institutional investors own 99.23% of the company’s stock.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.