AMN Healthcare Services (NYSE:AMN) Downgraded by StockNews.com

StockNews.com downgraded shares of AMN Healthcare Services (NYSE:AMN) from a hold rating to a sell rating in a research report report published on Monday morning.

Other research analysts have also issued research reports about the company. BMO Capital Markets reduced their price objective on AMN Healthcare Services from $85.00 to $83.00 and set an outperform rating for the company in a research report on Tuesday, February 20th. JMP Securities reduced their price objective on AMN Healthcare Services from $87.00 to $75.00 and set a market outperform rating for the company in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $87.25.

AMN Healthcare Services Stock Down 0.8 %

Shares of NYSE:AMN opened at $56.39 on Monday. AMN Healthcare Services has a 52-week low of $53.77 and a 52-week high of $112.44. The firm has a market capitalization of $2.14 billion, a P/E ratio of 10.66 and a beta of 0.22. The stock has a 50 day moving average price of $61.50 and a 200-day moving average price of $68.77. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.28 and a current ratio of 1.28.

AMN Healthcare Services (NYSE:AMN) last posted its quarterly earnings data on Thursday, February 15th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. AMN Healthcare Services had a return on equity of 38.29% and a net margin of 5.56%. The company had revenue of $818.27 million during the quarter, compared to analyst estimates of $803.14 million. During the same quarter last year, the company earned $2.48 EPS. The firm’s revenue for the quarter was down 27.3% on a year-over-year basis. As a group, equities research analysts anticipate that AMN Healthcare Services will post 3.97 EPS for the current fiscal year.

Insider Transactions at AMN Healthcare Services

In other news, Director Jorge A. Caballero purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average cost of $56.80 per share, for a total transaction of $113,600.00. Following the purchase, the director now directly owns 2,437 shares in the company, valued at approximately $138,421.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Jeffrey R. Knudson purchased 6,951 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average cost of $57.75 per share, for a total transaction of $401,420.25. Following the purchase, the chief financial officer now directly owns 27,804 shares in the company, valued at approximately $1,605,681. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jorge A. Caballero bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was bought at an average cost of $56.80 per share, for a total transaction of $113,600.00. Following the completion of the acquisition, the director now owns 2,437 shares in the company, valued at approximately $138,421.60. The disclosure for this purchase can be found here. Insiders have bought a total of 26,626 shares of company stock worth $1,516,899 in the last ninety days. Insiders own 0.93% of the company’s stock.

Hedge Funds Weigh In On AMN Healthcare Services

A number of institutional investors have recently bought and sold shares of AMN. Boston Partners raised its holdings in AMN Healthcare Services by 102.7% in the 4th quarter. Boston Partners now owns 2,884,550 shares of the company’s stock worth $216,038,000 after purchasing an additional 1,461,541 shares during the period. Holocene Advisors LP bought a new stake in AMN Healthcare Services during the second quarter valued at about $92,796,000. Pacer Advisors Inc. raised its holdings in AMN Healthcare Services by 145.8% during the fourth quarter. Pacer Advisors Inc. now owns 1,396,603 shares of the company’s stock valued at $104,578,000 after acquiring an additional 828,390 shares during the period. Teacher Retirement System of Texas raised its holdings in AMN Healthcare Services by 3,287.3% during the third quarter. Teacher Retirement System of Texas now owns 555,990 shares of the company’s stock valued at $47,359,000 after acquiring an additional 539,576 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in AMN Healthcare Services by 1,181.5% during the first quarter. Renaissance Technologies LLC now owns 540,800 shares of the company’s stock valued at $56,422,000 after acquiring an additional 498,600 shares during the period. 99.23% of the stock is owned by institutional investors.

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.