Insider Selling: AMN Healthcare Services, Inc. (NYSE:AMN) CFO Sells 2,461 Shares of Stock

AMN Healthcare Services, Inc. (NYSE:AMN - Get Free Report) CFO Jeffrey R. Knudson sold 2,461 shares of AMN Healthcare Services stock in a transaction on Saturday, November 2nd. The stock was sold at an average price of $36.90, for a total transaction of $90,810.90. Following the sale, the chief financial officer now owns 37,550 shares of the company's stock, valued at $1,385,595. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

AMN Healthcare Services Price Performance

Shares of NYSE:AMN traded up $1.50 during midday trading on Monday, reaching $38.40. 791,871 shares of the company's stock traded hands, compared to its average volume of 795,177. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market cap of $1.46 billion, a P/E ratio of 15.14 and a beta of 0.13. AMN Healthcare Services, Inc. has a 1 year low of $36.50 and a 1 year high of $80.22. The company has a fifty day simple moving average of $43.63 and a two-hundred day simple moving average of $51.63.

AMN Healthcare Services (NYSE:AMN - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.98 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $740.43 million. During the same quarter in the prior year, the firm earned $2.38 EPS. The company's revenue for the quarter was down 25.3% on a year-over-year basis. Equities analysts predict that AMN Healthcare Services, Inc. will post 3.15 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Bank of America lowered AMN Healthcare Services from a "neutral" rating to an "underperform" rating and reduced their price objective for the company from $65.00 to $48.00 in a research note on Monday, October 7th. Truist Financial reduced their price target on AMN Healthcare Services from $70.00 to $50.00 and set a "buy" rating for the company in a research report on Monday, October 21st. Benchmark restated a "hold" rating on shares of AMN Healthcare Services in a research report on Wednesday, October 2nd. JMP Securities cut their target price on shares of AMN Healthcare Services from $66.00 to $57.00 and set a "market outperform" rating for the company in a report on Tuesday, October 22nd. Finally, BMO Capital Markets increased their price target on shares of AMN Healthcare Services from $60.00 to $71.00 and gave the stock an "outperform" rating in a report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $58.20.

Institutional Trading of AMN Healthcare Services

A number of institutional investors have recently made changes to their positions in AMN. Pacer Advisors Inc. acquired a new position in AMN Healthcare Services in the 2nd quarter valued at $99,349,000. Thrivent Financial for Lutherans raised its position in shares of AMN Healthcare Services by 3,753.6% in the second quarter. Thrivent Financial for Lutherans now owns 1,263,326 shares of the company's stock valued at $64,721,000 after buying an additional 1,230,543 shares during the last quarter. Swedbank AB purchased a new position in shares of AMN Healthcare Services in the first quarter worth about $70,617,000. Vaughan Nelson Investment Management L.P. acquired a new position in AMN Healthcare Services during the second quarter worth about $45,481,000. Finally, American Century Companies Inc. grew its stake in AMN Healthcare Services by 95.3% during the 2nd quarter. American Century Companies Inc. now owns 775,139 shares of the company's stock valued at $39,710,000 after acquiring an additional 378,266 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

AMN Healthcare Services Company Profile

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.

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