AMN Healthcare Services (NYSE:AMN) Sets New 1-Year High at $66.12

AMN Healthcare Services, Inc. (NYSE:AMN) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $66.12 and last traded at $65.97, with a volume of 1707 shares. The stock had previously closed at $64.60.

A number of brokerages have recently weighed in on AMN. Benchmark upped their target price on AMN Healthcare Services from $65.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, December 19th. William Blair reissued an “outperform” rating on shares of AMN Healthcare Services in a research note on Friday, September 20th. Finally, ValuEngine cut AMN Healthcare Services from a “buy” rating to a “hold” rating in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $68.00.

The stock has a market cap of $2.96 billion, a P/E ratio of 19.96, a PEG ratio of 1.53 and a beta of 0.82. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.00. The business has a 50-day simple moving average of $61.27 and a 200-day simple moving average of $57.70.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, October 31st. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.08. The firm had revenue of $567.60 million during the quarter, compared to analysts’ expectations of $562.69 million. AMN Healthcare Services had a return on equity of 22.47% and a net margin of 5.64%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 earnings per share. On average, analysts predict that AMN Healthcare Services, Inc. will post 3.07 earnings per share for the current fiscal year.

In other news, insider Denise L. Jackson sold 5,014 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $62.18, for a total transaction of $311,770.52. Following the completion of the transaction, the insider now directly owns 20,152 shares in the company, valued at $1,253,051.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael M. E. Johns sold 2,659 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $59.88, for a total value of $159,220.92. Following the transaction, the director now owns 40,000 shares of the company’s stock, valued at $2,395,200. The disclosure for this sale can be found here. Insiders have sold 104,568 shares of company stock valued at $6,407,560 in the last ninety days. Company insiders own 2.07% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Mason Street Advisors LLC raised its stake in shares of AMN Healthcare Services by 1.8% in the third quarter. Mason Street Advisors LLC now owns 15,844 shares of the company’s stock valued at $912,000 after purchasing an additional 282 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its stake in shares of AMN Healthcare Services by 2.8% in the second quarter. Vestmark Advisory Solutions Inc. now owns 13,142 shares of the company’s stock valued at $713,000 after purchasing an additional 358 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of AMN Healthcare Services by 3.9% in the second quarter. HighTower Advisors LLC now owns 10,212 shares of the company’s stock valued at $554,000 after purchasing an additional 383 shares in the last quarter. Financial Advantage Inc. acquired a new position in shares of AMN Healthcare Services in the third quarter valued at $27,000. Finally, Synovus Financial Corp raised its stake in shares of AMN Healthcare Services by 3.1% in the third quarter. Synovus Financial Corp now owns 17,772 shares of the company’s stock valued at $1,022,000 after purchasing an additional 541 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

AMN Healthcare Services Company Profile (NYSE:AMN)

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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