AMN Healthcare Services (NYSE:AMN) Downgraded to “Buy” Rating by Wall Street Zen

Wall Street Zen cut shares of AMN Healthcare Services (NYSE:AMN) from a strong-buy rating to a buy rating in a report published on Monday morning.

Other analysts have also issued research reports about the company. Citizens Jmp upped their price objective on AMN Healthcare Services from $36.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Friday. BMO Capital Markets lifted their target price on AMN Healthcare Services from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Weiss Ratings raised AMN Healthcare Services from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Robert W. Baird set a $36.00 target price on AMN Healthcare Services in a research note on Friday, August 7th. Finally, UBS Group upped their price target on AMN Healthcare Services from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $31.43.

AMN Healthcare Services Trading Down 0.1%

NYSE AMN opened at $34.46 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 1.27 and a beta of 0.40. The firm has a 50 day simple moving average of $32.95 and a 200-day simple moving average of $25.74. AMN Healthcare Services has a one year low of $14.97 and a one year high of $37.22.

AMN Healthcare Services (NYSE:AMN) last announced its earnings results on Thursday, August 6th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.58. The firm had revenue of $673.24 million for the quarter, compared to the consensus estimate of $628.39 million. AMN Healthcare Services had a net margin of 3.06% and a return on equity of 19.92%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. Equities research analysts anticipate that AMN Healthcare Services will post 3.1 EPS for the current fiscal year.

Insider Activity at AMN Healthcare Services

In related news, Director Mark G. Foletta sold 3,681 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $31.07, for a total transaction of $114,368.67. Following the completion of the transaction, the director owned 17,917 shares in the company, valued at approximately $556,681.19. The trade was a 17.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.07% of the company’s stock.

Institutional Trading of AMN Healthcare Services

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Summit Securities Group LLC acquired a new position in shares of AMN Healthcare Services during the 4th quarter worth about $32,000. Versant Capital Management Inc increased its holdings in shares of AMN Healthcare Services by 41.8% in the 2nd quarter. Versant Capital Management Inc now owns 1,170 shares of the company’s stock valued at $38,000 after acquiring an additional 345 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its position in shares of AMN Healthcare Services by 200.0% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 3,000 shares of the company’s stock worth $47,000 after acquiring an additional 2,000 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of AMN Healthcare Services during the 3rd quarter worth about $63,000. Finally, Tower Research Capital LLC TRC lifted its stake in AMN Healthcare Services by 49.2% during the second 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. 99.23% of the stock is currently owned by institutional investors and hedge funds.

About AMN Healthcare Services

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.