AMN Healthcare Services Inc (AMN) Director Sells $190,522.39 in Stock

AMN Healthcare Services Inc (NYSE:AMN) Director Douglas D. Wheat sold 3,793 shares of AMN Healthcare Services stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $50.23, for a total value of $190,522.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

AMN Healthcare Services Inc (NYSE:AMN) traded down $0.10 during trading hours on Thursday, reaching $49.00. The company’s stock had a trading volume of 248,755 shares, compared to its average volume of 561,204. AMN Healthcare Services Inc has a twelve month low of $33.61 and a twelve month high of $51.75. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $2,355.18, a price-to-earnings ratio of 19.33 and a beta of 0.47.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.03. AMN Healthcare Services had a return on equity of 25.55% and a net margin of 5.99%. The business had revenue of $494.41 million during the quarter, compared to analyst estimates of $493.89 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. AMN Healthcare Services’s revenue for the quarter was up 4.6% on a year-over-year basis. equities analysts anticipate that AMN Healthcare Services Inc will post 2.56 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC lifted its position in shares of AMN Healthcare Services by 13.3% in the second quarter. Acrospire Investment Management LLC now owns 2,562 shares of the company’s stock valued at $100,000 after acquiring an additional 300 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of AMN Healthcare Services in the second quarter valued at about $105,000. Riverhead Capital Management LLC lifted its position in shares of AMN Healthcare Services by 85.2% in the second quarter. Riverhead Capital Management LLC now owns 2,963 shares of the company’s stock valued at $116,000 after acquiring an additional 1,363 shares in the last quarter. Creative Planning purchased a new position in shares of AMN Healthcare Services in the second quarter valued at about $155,000. Finally, Jaffetilchin Investment Partners LLC purchased a new position in shares of AMN Healthcare Services in the third quarter valued at about $217,000.

Several analysts have issued reports on the company. KeyCorp reissued a “buy” rating and set a $56.00 price target on shares of AMN Healthcare Services in a report on Thursday. BMO Capital Markets reissued a “buy” rating and set a $48.00 price target (up previously from $47.00) on shares of AMN Healthcare Services in a report on Sunday, November 12th. Credit Suisse Group assumed coverage on AMN Healthcare Services in a report on Tuesday, November 7th. They set an “outperform” rating and a $48.00 price target for the company. Robert W. Baird boosted their price target on AMN Healthcare Services from $41.00 to $43.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Finally, Benchmark reissued a “buy” rating and set a $52.00 price target (up previously from $47.00) on shares of AMN Healthcare Services in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. AMN Healthcare Services currently has an average rating of “Buy” and a consensus target price of $49.13.

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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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