AMN Healthcare Services, Inc. (NYSE:AMN) CFO Sells $90,810.90 in Stock

AMN Healthcare Services, Inc. (NYSE:AMN) CFO Jeffrey R. Knudson sold 2,461 shares of the stock in a transaction dated Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total value of $90,810.90. Following the sale, the chief financial officer now directly owns 37,550 shares in the company, valued at $1,385,595. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

AMN Healthcare Services Price Performance

AMN stock opened at $39.65 on Wednesday. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 15.31 and a beta of 0.13. The firm’s 50-day moving average price is $43.09 and its two-hundred day moving average price is $51.38. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 1.36. AMN Healthcare Services, Inc. has a 12-month low of $36.50 and a 12-month high of $80.22.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.22. AMN Healthcare Services had a return on equity of 23.68% and a net margin of 3.07%. The business had revenue of $740.69 million during the quarter, compared to analyst estimates of $740.43 million. During the same quarter in the prior year, the company posted $2.38 EPS. AMN Healthcare Services’s quarterly revenue was down 25.3% compared to the same quarter last year. As a group, equities analysts predict that AMN Healthcare Services, Inc. will post 3.15 earnings per share for the current year.

Wall Street Analyst Weigh In

AMN has been the topic of several research analyst reports. JMP Securities decreased their price objective on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a research report on Tuesday, October 22nd. UBS Group cut their target price on AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Truist Financial decreased their price target on shares of AMN Healthcare Services from $70.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, October 21st. Bank of America cut shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $65.00 to $48.00 in a research note on Monday, October 7th. Finally, Benchmark reiterated a “hold” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, AMN Healthcare Services currently has a consensus rating of “Hold” and a consensus target price of $58.20.

Institutional Trading of AMN Healthcare Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC raised its holdings in AMN Healthcare Services by 41.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock worth $38,000 after purchasing an additional 219 shares in the last quarter. Arizona State Retirement System lifted its holdings in AMN Healthcare Services by 2.1% in the second quarter. Arizona State Retirement System now owns 10,606 shares of the company’s stock worth $543,000 after buying an additional 221 shares during the period. Pitcairn Co. boosted its position in AMN Healthcare Services by 4.2% during the 1st quarter. Pitcairn Co. now owns 6,138 shares of the company’s stock valued at $384,000 after acquiring an additional 249 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of AMN Healthcare Services by 3.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,730 shares of the company’s stock worth $345,000 after acquiring an additional 252 shares during the period. Finally, SummerHaven Investment Management LLC raised its position in shares of AMN Healthcare Services by 4.1% in the 2nd quarter. SummerHaven Investment Management LLC now owns 7,024 shares of the company’s stock worth $360,000 after acquiring an additional 278 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

About AMN Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. The Nurse and Allied Solutions segment offers travel nurse staffing, labor disruption staffing, local staffing, international nurse and allied permanent placement, and allied staffing solutions.