Investors Buy High Volume of AMN Healthcare Services Put Options (AMN)

AMN Healthcare Services Inc (NYSE:AMN) was the target of unusually large options trading activity on Friday. Stock investors bought 2,192 put options on the stock. This is an increase of approximately Infinity compared to the average volume of 0 put options.

In other news, insider Ralph Henderson sold 6,906 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $46.00, for a total transaction of $317,676.00. Following the transaction, the insider now owns 31,772 shares of the company’s stock, valued at $1,461,512. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.49% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMN. Acrospire Investment Management LLC raised its stake in AMN Healthcare Services by 13.3% during the second quarter. Acrospire Investment Management LLC now owns 2,562 shares of the company’s stock worth $100,000 after acquiring an additional 300 shares during the period. FNY Partners Fund LP acquired a new stake in AMN Healthcare Services during the first quarter worth about $101,000. Bank of Montreal Can acquired a new stake in AMN Healthcare Services during the second quarter worth about $105,000. Riverhead Capital Management LLC raised its stake in AMN Healthcare Services by 85.2% during the second quarter. Riverhead Capital Management LLC now owns 2,963 shares of the company’s stock worth $116,000 after acquiring an additional 1,363 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in AMN Healthcare Services during the first quarter worth about $117,000.

Several brokerages have recently commented on AMN. Zacks Investment Research raised shares of AMN Healthcare Services from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Tuesday, October 3rd. Benchmark Co. reaffirmed a “buy” rating and set a $52.00 price target (up previously from $47.00) on shares of AMN Healthcare Services in a research report on Wednesday, October 25th. Robert W. Baird increased their price target on shares of AMN Healthcare Services from $41.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday. ValuEngine raised shares of AMN Healthcare Services from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $43.00 price target on shares of AMN Healthcare Services in a research report on Friday, September 1st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $46.29.

Shares of AMN Healthcare Services (NYSE:AMN) opened at $41.10 on Monday. The company has a market capitalization of $1,963.44, a price-to-earnings ratio of 16.12 and a beta of 0.41. The company has a current ratio of 1.81, a quick ratio of 1.66 and a debt-to-equity ratio of 0.60.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The firm had revenue of $494.41 million for the quarter, compared to analyst estimates of $493.89 million. AMN Healthcare Services had a net margin of 5.99% and a return on equity of 25.55%. AMN Healthcare Services’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.62 earnings per share. research analysts expect that AMN Healthcare Services will post 2.57 earnings per share for the current fiscal year.

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About AMN Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services at acute and sub-acute care hospitals and other healthcare facilities throughout the United States. The Company’s segments include nurse and allied solutions, locum tenens solutions and other workforce solutions.

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