AMN Healthcare Services, Inc. (NYSE:AMN) CFO Jeffrey R. Knudson Sells 2,461 Shares of Stock

AMN Healthcare Services, Inc. (NYSE:AMN) CFO Jeffrey R. Knudson sold 2,461 shares of the company’s stock in a transaction that occurred on Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total value of $90,810.90. Following the completion of the sale, the chief financial officer now directly owns 37,550 shares of the company’s stock, valued at approximately $1,385,595. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

AMN Healthcare Services Price Performance

AMN opened at $38.40 on Tuesday. The business has a fifty day moving average of $43.34 and a 200 day moving average of $51.50. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.36. The stock has a market cap of $1.46 billion, a P/E ratio of 14.83 and a beta of 0.13. AMN Healthcare Services, Inc. has a 52-week low of $36.50 and a 52-week high of $80.22.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.22. AMN Healthcare Services had a net margin of 3.07% and a return on equity of 23.68%. The firm had revenue of $740.69 million for the quarter, compared to the consensus estimate of $740.43 million. During the same period last year, the firm earned $2.38 earnings per share. The company’s quarterly revenue was down 25.3% on a year-over-year basis. As a group, sell-side analysts anticipate that AMN Healthcare Services, Inc. will post 3.15 EPS for the current year.

Institutional Trading of AMN Healthcare Services

Several institutional investors and hedge funds have recently bought and sold shares of AMN. Mather Group LLC. purchased a new stake in shares of AMN Healthcare Services during the second quarter worth about $31,000. Nisa Investment Advisors LLC raised its holdings in AMN Healthcare Services by 41.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 748 shares of the company’s stock valued at $38,000 after buying an additional 219 shares during the period. Geneos Wealth Management Inc. acquired a new stake in AMN Healthcare Services in the 1st quarter valued at approximately $58,000. GAMMA Investing LLC lifted its stake in AMN Healthcare Services by 232.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,160 shares of the company’s stock worth $59,000 after acquiring an additional 811 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of AMN Healthcare Services by 455.0% in the third quarter. Farther Finance Advisors LLC now owns 1,493 shares of the company’s stock valued at $63,000 after purchasing an additional 1,224 shares during the period. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AMN shares. Bank of America lowered AMN Healthcare Services from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $65.00 to $48.00 in a research note on Monday, October 7th. JMP Securities dropped their target price on shares of AMN Healthcare Services from $66.00 to $57.00 and set a “market outperform” rating on the stock in a report on Tuesday, October 22nd. Benchmark reaffirmed a “hold” rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. UBS Group reduced their price target on shares of AMN Healthcare Services from $66.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Finally, BMO Capital Markets lifted their price objective on AMN Healthcare Services from $60.00 to $71.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $58.20.

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.