AMN Healthcare Services, Inc. (NYSE:AMN) CEO Susan R. Salka sold 29,168 shares of AMN Healthcare Services stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $45.00, for a total transaction of $1,312,560.00. Following the completion of the sale, the chief executive officer now owns 74,774 shares of the company's stock, valued at $3,364,830. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
AMN traded down $1.63 during midday trading on Friday, hitting $43.99. 26,496 shares of the company were exchanged, compared to its average volume of 1,046,923. The company's 50 day simple moving average is $50.01 and its 200 day simple moving average is $61.45. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 22.68 and a beta of 0.44. AMN Healthcare Services, Inc. has a 1-year low of $36.65 and a 1-year high of $89.22. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 1.56.
AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Monday, May 11th. The company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.01. The firm had revenue of $602.50 million for the quarter, compared to the consensus estimate of $589.19 million. AMN Healthcare Services had a return on equity of 21.35% and a net margin of 4.05%. The company's revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 earnings per share. On average, equities analysts anticipate that AMN Healthcare Services, Inc. will post 2.61 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. HighTower Advisors LLC purchased a new stake in AMN Healthcare Services during the first quarter valued at about $678,000. Voloridge Investment Management LLC purchased a new stake in AMN Healthcare Services during the first quarter valued at about $808,000. Capital Asset Advisory Services LLC grew its position in AMN Healthcare Services by 9.5% during the first quarter. Capital Asset Advisory Services LLC now owns 5,674 shares of the company's stock valued at $213,000 after acquiring an additional 492 shares during the period. Advisor Group Holdings Inc. purchased a new stake in AMN Healthcare Services during the first quarter valued at about $1,339,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of AMN Healthcare Services in the first quarter worth about $2,181,000. 98.44% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have issued reports on the stock. Benchmark reaffirmed a "buy" rating and issued a $78.00 price target (up previously from $73.00) on shares of AMN Healthcare Services in a report on Friday, February 14th. SunTrust Banks reduced their target price on AMN Healthcare Services from $64.00 to $52.00 and set a "hold" rating for the company in a research note on Tuesday, May 12th. TheStreet downgraded AMN Healthcare Services from a "b" rating to a "c+" rating in a research note on Friday, May 8th. Cfra upgraded AMN Healthcare Services from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 14th. Finally, BMO Capital Markets dropped their target price on AMN Healthcare Services from $79.00 to $50.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 13th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. The stock currently has an average rating of "Buy" and a consensus target price of $63.17.
About AMN Healthcare Services
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to hospitals and healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Locum Tenens Solutions, and Other Workforce Solutions. It offers travel nurse staffing under the American Mobile, Onward Healthcare, Nurses Rx, Advanced, and O'Grady-Peyton brands; nurse staffing and labor disruption services, a staffing solution under the NurseChoice and HealthSource Global Staffing brands; local, or per diem, staffing for daily shift work under the Nursefinders brand; and locum tenens staffing for specialties, clinicians, and dentists on an independent contractor basis on temporary assignments under the Staff Care and Locum Leaders brands.
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7 Energy Stocks to Buy On This Historical Dip
It may seem hard to believe, but the current chaos in the energy sector, and oil stocks, in particular, will pass. The novel coronavirus that has birthed a global pandemic is being compared to the Spanish Flu of 1918.
Of course, when you have once in a century event, it’s difficult to look back in history and make an apples-to-apples comparison to our current situation. This isn’t to minimize our current situation. It’s simply to say that the market is forward-looking, but it’s also emotional. And it also hates uncertainty.
In a typical economic downturn, demand decreases, and investors are advised to “buy the dip.” But in the current environment, demand has been destroyed. Millions of Americans are being asked, and in some cases ordered, to stay home. And this simply means that oil demand is down. And investors are looking at prices that are, in some cases, at all-time lows.
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View the "7 Energy Stocks to Buy On This Historical Dip".