Traders Buy Large Volume of AMN Healthcare Services Call Options (NYSE:AMN)

AMN Healthcare Services Inc (NYSE:AMN) saw some unusual options trading on Wednesday. Stock traders acquired 3,154 call options on the stock. This represents an increase of approximately 474% compared to the typical daily volume of 549 call options.

Hedge Funds Weigh In On AMN Healthcare Services

Hedge funds and other institutional investors have recently modified their holdings of the business. Strengthening Families & Communities LLC raised its stake in AMN Healthcare Services by 238.5% in the third quarter. Strengthening Families & Communities LLC now owns 1,713 shares of the company’s stock worth $33,000 after buying an additional 1,207 shares in the last quarter. Johnson Financial Group Inc. bought a new position in shares of AMN Healthcare Services in the 3rd quarter worth $63,000. Tower Research Capital LLC TRC lifted its stake in shares of AMN Healthcare Services by 49.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock worth $64,000 after purchasing an additional 1,020 shares during the last quarter. Covestor Ltd boosted its position in AMN Healthcare Services by 13.9% during the third quarter. Covestor Ltd now owns 4,747 shares of the company’s stock valued at $92,000 after purchasing an additional 579 shares in the last quarter. Finally, Strs Ohio purchased a new position in AMN Healthcare Services in the first quarter valued at about $95,000. 99.23% of the stock is currently owned by institutional investors.

AMN Healthcare Services Stock Up 17.6%

NYSE AMN traded up $2.70 on Wednesday, reaching $18.02. 1,790,247 shares of the stock traded hands, compared to its average volume of 931,681. AMN Healthcare Services has a 12 month low of $14.86 and a 12 month high of $30.49. The company has a market cap of $692.22 million, a price-to-earnings ratio of -2.51 and a beta of 0.20. The company has a fifty day moving average price of $16.33 and a 200-day moving average price of $18.50. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.05 and a current ratio of 1.05.

AMN Healthcare Services (NYSE:AMN) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.19 by $0.20. AMN Healthcare Services had a positive return on equity of 10.89% and a negative net margin of 10.14%.The firm had revenue of $634.50 million for the quarter, compared to analyst estimates of $618.08 million. During the same quarter last year, the firm posted $0.61 earnings per share. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. As a group, research analysts forecast that AMN Healthcare Services will post 1.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Citigroup reiterated a “market outperform” rating on shares of AMN Healthcare Services in a research report on Friday, December 19th. Wall Street Zen raised shares of AMN Healthcare Services from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Citizens Jmp cut their target price on AMN Healthcare Services from $24.00 to $22.00 and set a “market outperform” rating on the stock in a research note on Friday, December 19th. Truist Financial raised their price target on AMN Healthcare Services from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of AMN Healthcare Services in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $21.42.

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.