AMN Healthcare Services Sees Unusually High Options Volume (NYSE:AMN)

by · The Cerbat Gem

AMN Healthcare Services Inc (NYSE:AMN – Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Traders bought 3,154 call options on the stock. This represents an increase of approximately 474% compared to the typical volume of 549 call options.

AMN Healthcare Services Stock Performance

Shares of AMN stock traded up $2.70 during mid-day trading on Wednesday, reaching $18.02. The stock had a trading volume of 1,790,247 shares, compared to its average volume of 931,681. The business’s fifty day moving average is $16.33 and its 200-day moving average is $18.50. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.31. The firm has a market cap of $692.22 million, a price-to-earnings ratio of -2.51 and a beta of 0.20. AMN Healthcare Services has a 1-year low of $14.86 and a 1-year high of $30.49.

AMN Healthcare Services (NYSE:AMN – Get Free Report) last released its earnings results on Thursday, November 6th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.20. The firm had revenue of $634.50 million during the quarter, compared to the consensus estimate of $618.08 million. AMN Healthcare Services had a positive return on equity of 10.89% and a negative net margin of 10.14%.The company’s revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 earnings per share. On average, research analysts forecast that AMN Healthcare Services will post 1.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AMN. Citizens Jmp lowered their target price on shares of AMN Healthcare Services from $24.00 to $22.00 and set a “market outperform” rating for the company in a research note on Friday, December 19th. Citigroup reiterated a “market outperform” rating on shares of AMN Healthcare Services in a report on Friday, December 19th. UBS Group boosted their target price on AMN Healthcare Services from $18.00 to $20.50 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Wall Street Zen raised AMN Healthcare Services from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, Zacks Research raised AMN Healthcare Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 25th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $21.42.

Get Our Latest Stock Analysis on AMN

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Yousif Capital Management LLC lifted its position in AMN Healthcare Services by 3.2% during the second quarter. Yousif Capital Management LLC now owns 17,027 shares of the company’s stock valued at $352,000 after purchasing an additional 534 shares during the period. Covestor Ltd lifted its stake in shares of AMN Healthcare Services by 13.9% in the 3rd quarter. Covestor Ltd now owns 4,747 shares of the company’s stock valued at $92,000 after purchasing an additional 579 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in AMN Healthcare Services by 7.9% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,829 shares of the company’s stock worth $203,000 after buying an additional 718 shares in the last quarter. SummerHaven Investment Management LLC grew its position in AMN Healthcare Services by 4.8% during the second quarter. SummerHaven Investment Management LLC now owns 17,083 shares of the company’s stock valued at $353,000 after buying an additional 777 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of AMN Healthcare Services by 49.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,093 shares of the company’s stock worth $64,000 after acquiring an additional 1,020 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

About AMN Healthcare Services

(Get Free Report)

AMN Healthcare Services, Inc (NYSE: AMN) is a leading provider of healthcare workforce solutions in the United States. The company specializes in staffing and recruitment services for a broad range of clinical and allied health professionals, including travel nurses, permanent placement of nursing staff, locum tenens physicians, and allied health personnel. In addition to direct staffing, AMN Healthcare offers comprehensive workforce management solutions such as vendor management systems (VMS), recruitment process outsourcing (RPO), and compliance and credentialing services through its technology platforms.

Founded in 1985 as American Mobile Nurses, the company rebranded to AMN Healthcare in 2010 to reflect its expanding portfolio of services.

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