AMN Healthcare Services Target of Unusually Large Options Trading (AMN)

AMN Healthcare Services, Inc. (NYSE:AMN) saw unusually large options trading activity on Thursday. Stock investors acquired 1,371 call options on the stock. This is an increase of 1,193% compared to the typical volume of 106 call options.

Several institutional investors and hedge funds have recently bought and sold shares of AMN. Mount Yale Investment Advisors LLC acquired a new position in AMN Healthcare Services in the first quarter valued at about $172,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in AMN Healthcare Services by 35.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,177 shares of the company’s stock valued at $180,000 after purchasing an additional 836 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in AMN Healthcare Services by 109.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,260 shares of the company’s stock valued at $191,000 after purchasing an additional 1,705 shares in the last quarter. D.A. Davidson & CO. acquired a new position in AMN Healthcare Services in the second quarter valued at about $202,000. Finally, Westover Capital Advisors LLC acquired a new position in AMN Healthcare Services in the first quarter valued at about $210,000.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of AMN Healthcare Services from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. BMO Capital Markets reissued a “buy” rating and issued a $67.00 target price on shares of AMN Healthcare Services in a research note on Thursday, July 12th. Robert W. Baird reissued a “hold” rating and issued a $58.00 target price on shares of AMN Healthcare Services in a research note on Friday, August 3rd. Lake Street Capital decreased their target price on shares of AMN Healthcare Services from $70.00 to $67.00 and set a “buy” rating for the company in a research note on Friday, August 3rd. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $68.00 target price on shares of AMN Healthcare Services in a research note on Friday, August 3rd. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $65.60.

AMN Healthcare Services stock traded down $0.63 during mid-day trading on Friday, hitting $51.57. 241,230 shares of the company’s stock traded hands, compared to its average volume of 485,019. AMN Healthcare Services has a fifty-two week low of $37.71 and a fifty-two week high of $68.20. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.65 and a quick ratio of 1.65. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 20.14, a P/E/G ratio of 1.31 and a beta of 0.32.

AMN Healthcare Services (NYSE:AMN) last posted its earnings results on Thursday, August 2nd. The company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.05. AMN Healthcare Services had a return on equity of 23.75% and a net margin of 7.08%. The company had revenue of $558.10 million during the quarter, compared to the consensus estimate of $533.99 million. During the same quarter last year, the firm earned $0.67 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis. As a group, equities analysts anticipate that AMN Healthcare Services will post 3.21 earnings per share for the current fiscal year.

About AMN Healthcare Services

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services in the United States. The company operates through three segments: Nurse and Allied Solutions, Locum Tenens Solutions, and Other Workforce Solutions. The company offers travel nurse staffing under the American Mobile, Onward Healthcare, Nurses Rx, and O'Grady-Peyton brands; rapid response nurse staffing and labor disruption services, a shorter-term staffing solution under the NurseChoice brand; local, or per diem, staffing for daily shift work or on as-needed basis under the Nursefinders brand; and locum tenens staffing for specialties, clinicians, and dentists on an independent contractor basis on temporary assignments from a few days up to one year under the Staff Care and Locum Leaders brands.

See Also: Return on Investment (ROI)

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