Insider Selling: AMN Healthcare Services, Inc. (NYSE:AMN) Director Sells 12,001 Shares of Stock

AMN Healthcare Services, Inc. (NYSE:AMN) Director Martha H. Marsh sold 12,001 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $51.41, for a total transaction of $616,971.41. Following the completion of the sale, the director now owns 44,358 shares of the company’s stock, valued at $2,280,444.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

AMN Healthcare Services stock opened at $52.25 on Tuesday. AMN Healthcare Services, Inc. has a 1-year low of $45.04 and a 1-year high of $65.81. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 1.44 and a beta of 0.85. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.47 and a current ratio of 1.47.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. AMN Healthcare Services had a net margin of 6.21% and a return on equity of 24.75%. The firm had revenue of $532.40 million for the quarter, compared to analyst estimates of $525.24 million. During the same period last year, the firm earned $0.81 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities research analysts predict that AMN Healthcare Services, Inc. will post 2.86 EPS for the current year.



Institutional investors have recently added to or reduced their stakes in the business. New England Research & Management Inc. bought a new position in shares of AMN Healthcare Services during the first quarter valued at about $941,000. State of Tennessee Treasury Department lifted its position in shares of AMN Healthcare Services by 408.6% during the fourth quarter. State of Tennessee Treasury Department now owns 159,155 shares of the company’s stock valued at $9,018,000 after purchasing an additional 127,865 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of AMN Healthcare Services by 70.2% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 878,835 shares of the company’s stock valued at $41,385,000 after purchasing an additional 362,575 shares in the last quarter. Bremer Trust National Association bought a new position in shares of AMN Healthcare Services during the fourth quarter valued at about $93,000. Finally, Legal & General Group Plc lifted its position in shares of AMN Healthcare Services by 0.3% during the fourth quarter. Legal & General Group Plc now owns 110,580 shares of the company’s stock valued at $6,259,000 after purchasing an additional 301 shares in the last quarter. 96.78% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on AMN shares. ValuEngine cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Tuesday, March 19th. Sidoti set a $73.00 price target on shares of AMN Healthcare Services and gave the stock a “buy” rating in a report on Friday, February 15th. Benchmark set a $66.00 price target on shares of AMN Healthcare Services and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, Zacks Investment Research cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a report on Monday, February 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $65.88.

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AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. The company operates through three segments: Nurse and Allied Solutions, Locum Tenens Solutions, and Other Workforce Solutions. The company offers travel nurse staffing under the American Mobile, Onward Healthcare, Nurses Rx, and O'Grady-Peyton brands; nurse staffing and labor disruption services, a shorter-term staffing solution under the NurseChoice brand; local, or per diem, staffing for daily shift work or on as-needed basis under the Nursefinders brand; and locum tenens staffing for specialties, clinicians, and dentists on an independent contractor basis on temporary assignments under the Staff Care and Locum Leaders brands.

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Insider Buying and Selling by Quarter for AMN Healthcare Services (NYSE:AMN)

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