Zacks Investment Research Lowers AMN Healthcare Services Inc. (AHS) to Hold
According to Zacks, “AMN Healthcare Services, Inc. is a travel healthcare staffing company. It recruits and places nurses, physicians, and other healthcare professionals in travel or permanent assignments in acute-care facilities, physician practice groups, and other healthcare facilities. The Company’s professionals include RNs, surgical technologists, nurse practitioners, respiratory therapists, radiology technologists, rehab professionals, and therapy assistants. AMN Healthcare Services, Inc. is headquartered in San Diego, California. “
Several other research analysts have also commented on the company. Lake Street Capital lifted their target price on AMN Healthcare Services from $46.00 to $50.00 and gave the stock a buy rating in a research report on Friday, August 5th. BMO Capital Markets reiterated a buy rating and issued a $47.00 target price on shares of AMN Healthcare Services in a research report on Wednesday, September 7th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $45.80.
AMN Healthcare Services (NYSE:AHS) opened at 32.72 on Wednesday. AMN Healthcare Services has a one year low of $21.24 and a one year high of $44.99. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 15.16 and a beta of 0.85. The company’s 50-day moving average price is $34.26 and its 200-day moving average price is $37.10.
AMN Healthcare Services (NYSE:AHS) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. AMN Healthcare Services had a return on equity of 29.27% and a net margin of 6.14%. The firm earned $473.70 million during the quarter, compared to analyst estimates of $455.14 million. During the same quarter last year, the firm earned $0.38 EPS. AMN Healthcare Services’s quarterly revenue was up 35.3% on a year-over-year basis. On average, analysts anticipate that AMN Healthcare Services will post $2.29 EPS for the current year.
In related news, insider Susan R. Salka sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $44.00, for a total value of $1,320,000.00. Following the sale, the insider now owns 288,688 shares of the company’s stock, valued at approximately $12,702,272. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.60% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Falcon Point Capital LLC increased its stake in shares of AMN Healthcare Services by 17.0% in the second quarter. Falcon Point Capital LLC now owns 278,365 shares of the company’s stock valued at $11,126,000 after buying an additional 40,513 shares during the period. Pitcairn Co. increased its stake in shares of AMN Healthcare Services by 120.2% in the second quarter. Pitcairn Co. now owns 21,116 shares of the company’s stock valued at $844,000 after buying an additional 11,527 shares during the period. Prudential Financial Inc. increased its stake in shares of AMN Healthcare Services by 6.4% in the first quarter. Prudential Financial Inc. now owns 117,742 shares of the company’s stock valued at $3,957,000 after buying an additional 7,111 shares during the period. New York State Teachers Retirement System increased its stake in shares of AMN Healthcare Services by 8.7% in the second quarter. New York State Teachers Retirement System now owns 152,995 shares of the company’s stock valued at $6,115,000 after buying an additional 12,200 shares during the period. Finally, M&T Bank Corp bought a new stake in shares of AMN Healthcare Services during the first quarter valued at about $241,000. 97.47% of the stock is currently owned by institutional investors and hedge funds.
About AMN Healthcare Services
AMN Healthcare Services, Inc (AMN Healthcare) offers healthcare workforce solutions and staffing services to healthcare facilities. The Company operates through three segments: Nurse and Allied Healthcare Staffing Segment, Locum Tenens Staffing Segment and Physician Permanent Placement Services Segment.
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