AMN Healthcare Services, Inc. (NYSE:AMN) Short Interest Down 13.5% in March

AMN Healthcare Services, Inc. (NYSE:AMN) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 3,830,000 shares, a decrease of 13.5% from the March 15th total of 4,430,000 shares. Approximately 10.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 812,800 shares, the days-to-cover ratio is presently 4.7 days.

Insider Transactions at AMN Healthcare Services

In other AMN Healthcare Services news, Director Jorge A. Caballero purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average cost of $56.80 per share, with a total value of $113,600.00. Following the completion of the purchase, the director now owns 2,437 shares in the company, valued at approximately $138,421.60. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Jeffrey R. Knudson bought 6,951 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was bought at an average cost of $57.75 per share, for a total transaction of $401,420.25. Following the acquisition, the chief financial officer now directly owns 27,804 shares in the company, valued at $1,605,681. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jorge A. Caballero purchased 2,000 shares of AMN Healthcare Services stock in a transaction dated Wednesday, March 6th. The shares were bought at an average price of $56.80 per share, for a total transaction of $113,600.00. Following the acquisition, the director now owns 2,437 shares in the company, valued at $138,421.60. The disclosure for this purchase can be found here. Insiders acquired 26,626 shares of company stock valued at $1,516,899 over the last 90 days. 0.93% of the stock is currently owned by corporate insiders.

Institutional Trading of AMN Healthcare Services

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC boosted its stake in shares of AMN Healthcare Services by 0.4% in the fourth quarter. Barclays PLC now owns 35,478 shares of the company’s stock valued at $3,647,000 after purchasing an additional 132 shares during the period. Cetera Investment Advisers lifted its holdings in AMN Healthcare Services by 2.3% during the 1st quarter. Cetera Investment Advisers now owns 5,944 shares of the company’s stock worth $620,000 after buying an additional 133 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in AMN Healthcare Services by 0.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 39,137 shares of the company’s stock valued at $4,147,000 after buying an additional 137 shares during the period. FourThought Financial Partners LLC grew its stake in shares of AMN Healthcare Services by 3.7% in the fourth quarter. FourThought Financial Partners LLC now owns 3,947 shares of the company’s stock worth $296,000 after acquiring an additional 139 shares in the last quarter. Finally, Hexagon Capital Partners LLC increased its position in shares of AMN Healthcare Services by 69.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 360 shares of the company’s stock worth $27,000 after acquiring an additional 147 shares during the period. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

AMN Healthcare Services Trading Down 0.5 %

Shares of NYSE:AMN traded down $0.27 during mid-day trading on Tuesday, reaching $56.82. 618,693 shares of the company were exchanged, compared to its average volume of 790,872. AMN Healthcare Services has a 1 year low of $53.77 and a 1 year high of $112.44. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.28 and a quick ratio of 1.28. The firm’s 50-day simple moving average is $62.22 and its 200 day simple moving average is $69.05. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 10.74 and a beta of 0.22.

AMN Healthcare Services (NYSE:AMN) last released its quarterly earnings results on Thursday, February 15th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.25 by $0.07. The business had revenue of $818.27 million during the quarter, compared to analyst estimates of $803.14 million. AMN Healthcare Services had a return on equity of 38.29% and a net margin of 5.56%. The company’s quarterly revenue was down 27.3% on a year-over-year basis. During the same period last year, the business posted $2.48 earnings per share. Equities research analysts forecast that AMN Healthcare Services will post 3.97 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AMN. StockNews.com downgraded shares of AMN Healthcare Services from a “hold” rating to a “sell” rating in a research note on Monday. JMP Securities reduced their price target on shares of AMN Healthcare Services from $87.00 to $75.00 and set a “market outperform” rating on the stock in a research report on Monday, February 26th. Finally, BMO Capital Markets decreased their price objective on AMN Healthcare Services from $85.00 to $83.00 and set an “outperform” rating on the stock in a report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, AMN Healthcare Services presently has an average rating of “Hold” and a consensus target price of $87.25.

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.