AMN Healthcare Services Inc (AMN) Downgraded by Zacks Investment Research to Hold
AMN Healthcare Services Inc (NYSE:AMN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “AMN Healthcare Services, Inc. is a travel healthcare staffing company. It recruits and places nurses, physicians, and other healthcare professionals in travel or permanent assignments in acute-care facilities, physician practice groups, and other healthcare facilities. The Company’s professionals include RNs, surgical technologists, nurse practitioners, respiratory therapists, radiology technologists, rehab professionals, and therapy assistants. AMN Healthcare Services, Inc. is headquartered in San Diego, California. “
Other equities research analysts have also recently issued reports about the stock. ValuEngine upgraded shares of AMN Healthcare Services from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. BMO Capital Markets reiterated a “buy” rating and issued a $43.00 target price on shares of AMN Healthcare Services in a research report on Friday, September 1st. Finally, Wells Fargo & Company initiated coverage on shares of AMN Healthcare Services in a research report on Tuesday, June 27th. They issued an “outperform” rating and a $45.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $46.00.
AMN Healthcare Services (NYSE:AMN) traded down 3.69% during mid-day trading on Wednesday, hitting $44.40. 563,825 shares of the stock were exchanged. The stock has a market cap of $2.13 billion, a PE ratio of 18.73 and a beta of 0.45. AMN Healthcare Services has a 52-week low of $26.00 and a 52-week high of $46.60. The stock’s 50 day moving average is $39.41 and its 200 day moving average is $38.56.
AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, August 3rd. The company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.07. The business had revenue of $489.80 million during the quarter, compared to analysts’ expectations of $489.79 million. AMN Healthcare Services had a net margin of 6.01% and a return on equity of 26.83%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 earnings per share. Analysts forecast that AMN Healthcare Services will post $3.12 EPS for the current fiscal year.
In related news, insider Ralph Henderson sold 6,906 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $46.00, for a total transaction of $317,676.00. Following the completion of the sale, the insider now directly owns 31,772 shares in the company, valued at $1,461,512. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.49% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in AMN. BlackRock Inc. acquired a new stake in AMN Healthcare Services during the first quarter worth about $229,289,000. Vanguard Group Inc. acquired a new stake in AMN Healthcare Services during the first quarter worth about $172,667,000. Dimensional Fund Advisors LP acquired a new stake in AMN Healthcare Services during the first quarter worth about $68,250,000. State Street Corp acquired a new stake in AMN Healthcare Services during the first quarter worth about $47,957,000. Finally, Hermes Investment Management Ltd. acquired a new stake in AMN Healthcare Services during the second quarter worth about $41,404,000. Hedge funds and other institutional investors own 99.95% of the company’s stock.
About AMN Healthcare Services
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services at acute and sub-acute care hospitals and other healthcare facilities throughout the United States. The Company’s segments include nurse and allied solutions, locum tenens solutions and other workforce solutions.
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