AMN Healthcare Services (NYSE:AMN) Shares Up 8.8% – What’s Next?

AMN Healthcare Services, Inc. (NYSE:AMN)’s share price rose 8.8% during trading on Monday . The company traded as high as $25.84 and last traded at $25.78. Approximately 873,255 shares were traded during trading, an increase of 3% from the average daily volume of 845,419 shares. The stock had previously closed at $23.70.

Analysts Set New Price Targets

Several analysts have issued reports on the company. JMP Securities dropped their price objective on AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a research note on Tuesday, October 22nd. William Blair cut AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Benchmark reaffirmed a “hold” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. UBS Group dropped their price objective on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, August 9th. Finally, Bank of America cut shares of AMN Healthcare Services from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $65.00 to $48.00 in a research note on Monday, October 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, AMN Healthcare Services has an average rating of “Hold” and an average target price of $48.33.

AMN Healthcare Services Stock Up 11.8 %

The company has a quick ratio of 1.23, a current ratio of 1.18 and a debt-to-equity ratio of 1.27. The stock has a fifty day moving average price of $39.51 and a two-hundred day moving average price of $49.78. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 18.42 and a beta of 0.13.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. AMN Healthcare Services had a net margin of 1.73% and a return on equity of 17.16%. The firm had revenue of $687.51 million during the quarter, compared to the consensus estimate of $670.08 million. During the same quarter in the previous year, the firm posted $1.97 EPS. As a group, sell-side analysts expect that AMN Healthcare Services, Inc. will post 3.09 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of the business’s stock in a transaction that occurred on Saturday, November 2nd. The shares were sold at an average price of $36.90, for a total value of $90,810.90. Following the completion of the transaction, the chief financial officer now directly owns 37,550 shares in the company, valued at approximately $1,385,595. The trade was a 6.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.93% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new stake in shares of AMN Healthcare Services in the 2nd quarter valued at $31,000. Truvestments Capital LLC bought a new stake in shares of AMN Healthcare Services during the 3rd quarter worth $30,000. Nisa Investment Advisors LLC boosted its stake in AMN Healthcare Services by 41.4% in the second quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock valued at $38,000 after buying an additional 219 shares in the last quarter. GAMMA Investing LLC grew its position in AMN Healthcare Services by 232.4% in the second quarter. GAMMA Investing LLC now owns 1,160 shares of the company’s stock valued at $59,000 after acquiring an additional 811 shares during the last quarter. Finally, Innealta Capital LLC bought a new position in AMN Healthcare Services in the second quarter valued at about $65,000. 99.23% of the stock is owned by institutional investors.

AMN Healthcare Services Company Profile

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.