Shares of AMN Healthcare Services Inc (NYSE:AMN – Get Free Report) hit a new 52-week high on Friday . The stock traded as high as $33.48 and last traded at $33.2180, with a volume of 147108 shares. The stock had previously closed at $32.33.
Wall Street Analysts Forecast Growth
Several brokerages have commented on AMN. Truist Financial raised their price objective on AMN Healthcare Services from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $36.00 target price on shares of AMN Healthcare Services in a research report on Tuesday. UBS Group increased their price target on shares of AMN Healthcare Services from $19.50 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Zacks Research cut shares of AMN Healthcare Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, Weiss Ratings raised shares of AMN Healthcare Services from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 17th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $27.00.
Get Our Latest Research Report on AMN
AMN Healthcare Services Trading Up 1.3%
AMN Healthcare Services (NYSE:AMN – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.50. AMN Healthcare Services had a negative net margin of 0.95% and a positive return on equity of 18.01%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the business earned $0.45 EPS. The firm’s revenue for the quarter was up 99.9% on a year-over-year basis. As a group, equities research analysts forecast that AMN Healthcare Services Inc will post 2.7 earnings per share for the current year.
Insider Buying and Selling at AMN Healthcare Services
In other news, Director Mark G. Foletta sold 3,681 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $31.07, for a total transaction of $114,368.67. Following the transaction, the director directly owned 17,917 shares of the company’s stock, valued at $556,681.19. This represents a 17.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.07% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On AMN Healthcare Services
Several large investors have recently bought and sold shares of AMN. Lighthouse Investment Partners LLC boosted its holdings in AMN Healthcare Services by 1,557.4% in the third quarter. Lighthouse Investment Partners LLC now owns 262,857 shares of the company’s stock worth $5,089,000 after purchasing an additional 246,997 shares during the last quarter. Algert Global LLC raised its stake in AMN Healthcare Services by 10.5% during the 3rd quarter. Algert Global LLC now owns 576,651 shares of the company’s stock valued at $11,164,000 after buying an additional 54,673 shares during the last quarter. Royce & Associates LP raised its stake in AMN Healthcare Services by 20.9% during the 3rd quarter. Royce & Associates LP now owns 405,056 shares of the company’s stock valued at $7,842,000 after buying an additional 70,140 shares during the last quarter. Thompson Investment Management Inc. lifted its holdings in shares of AMN Healthcare Services by 24.3% during the 4th quarter. Thompson Investment Management Inc. now owns 443,113 shares of the company’s stock valued at $6,983,000 after buying an additional 86,579 shares during the period. Finally, FourThought Financial Partners LLC bought a new position in shares of AMN Healthcare Services during the 4th quarter valued at $293,000. 99.23% of the stock is currently owned by institutional investors.
AMN Healthcare Services Company Profile
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.
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