AMN Healthcare Services (NYSE:AMN) Trading Up 8.8% – Still a Buy?

AMN Healthcare Services, Inc. (NYSE:AMN) traded up 8.8% during trading on Monday . The stock traded as high as $25.84 and last traded at $25.78. 873,255 shares traded hands during mid-day trading, an increase of 3% from the average session volume of 845,419 shares. The stock had previously closed at $23.70.

Analyst Ratings Changes

AMN has been the subject of a number of recent research reports. Jefferies Financial Group dropped their target price on AMN Healthcare Services from $41.00 to $27.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. UBS Group reduced their target price on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Benchmark reissued a “hold” rating on shares of AMN Healthcare Services in a research note on Wednesday, October 2nd. William Blair cut shares of AMN Healthcare Services from an “outperform” rating to a “market perform” rating in a research note on Friday, November 8th. Finally, StockNews.com cut shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, AMN Healthcare Services currently has a consensus rating of “Hold” and a consensus target price of $48.33.

AMN Healthcare Services Price Performance

The company’s 50 day simple moving average is $39.51 and its 200 day simple moving average is $49.78. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 1.23. The stock has a market cap of $1.01 billion, a P/E ratio of 18.42 and a beta of 0.13.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.61 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 business had revenue of $687.51 million during the quarter, compared to analysts’ expectations of $670.08 million. During the same quarter in the prior year, the company earned $1.97 EPS. As a group, equities analysts forecast that AMN Healthcare Services, Inc. will post 3.09 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Jeffrey R. Knudson sold 2,461 shares of the firm’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 transaction of $90,810.90. Following the completion of the transaction, the chief financial officer now directly owns 37,550 shares of the company’s stock, valued at $1,385,595. This trade represents a 6.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.93% of the company’s stock.

Hedge Funds Weigh In On AMN Healthcare Services

A number of large investors have recently modified their holdings of the business. Truvestments Capital LLC bought a new stake in AMN Healthcare Services during the third quarter worth about $30,000. Mather Group LLC. acquired a new stake in shares of AMN Healthcare Services in the 2nd quarter valued at approximately $31,000. Nisa Investment Advisors LLC grew its stake in shares of 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 increased its holdings in AMN Healthcare Services by 232.4% during the second quarter. GAMMA Investing LLC now owns 1,160 shares of the company’s stock worth $59,000 after buying an additional 811 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in AMN Healthcare Services by 455.0% during the third quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company’s stock worth $63,000 after acquiring an additional 1,224 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

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.