AMN Healthcare Services Target of Unusually High Options Trading (NYSE:AMN)

AMN Healthcare Services, Inc. (NYSE:AMN) saw unusually large options trading on Wednesday. Stock investors acquired 6,969 call options on the stock. This is an increase of 954% compared to the typical daily volume of 661 call options.

Shares of AMN opened at $115.82 on Thursday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.87. The business has a 50-day simple moving average of $112.23 and a two-hundred day simple moving average of $97.33. The stock has a market cap of $5.47 billion, a price-to-earnings ratio of 32.17, a PEG ratio of 1.87 and a beta of 0.39. AMN Healthcare Services has a 52 week low of $58.48 and a 52 week high of $123.73.

AMN Healthcare Services (NYSE:AMN) last issued its quarterly earnings results on Wednesday, August 4th. The company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.21. AMN Healthcare Services had a return on equity of 28.32% and a net margin of 5.90%. The business had revenue of $857.45 million during the quarter, compared to analysts’ expectations of $829.37 million. During the same quarter in the prior year, the business posted $0.83 earnings per share. On average, equities analysts anticipate that AMN Healthcare Services will post 5.8 earnings per share for the current fiscal year.

A number of research analysts have recently issued reports on the company. Truist upped their price target on AMN Healthcare Services from $118.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, August 31st. BMO Capital Markets upped their price target on AMN Healthcare Services from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, August 9th. Truist Securities upped their price target on AMN Healthcare Services from $118.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, August 31st. Finally, Credit Suisse Group upped their price target on AMN Healthcare Services from $95.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, August 10th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $113.00.

In other AMN Healthcare Services news, insider Denise L. Jackson sold 1,000 shares of the business’s stock in a transaction on Wednesday, September 22nd. The stock was sold at an average price of $113.45, for a total value of $113,450.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brian M. Scott sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 21st. The shares were sold at an average price of $100.00, for a total value of $500,000.00. Following the transaction, the chief financial officer now directly owns 35,351 shares in the company, valued at $3,535,100. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,000 shares of company stock worth $836,810. 0.98% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in AMN. IFP Advisors Inc grew its position in shares of AMN Healthcare Services by 117.6% during the second quarter. IFP Advisors Inc now owns 383 shares of the company’s stock worth $37,000 after purchasing an additional 207 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of AMN Healthcare Services during the first quarter worth about $40,000. Harvest Fund Management Co. Ltd grew its position in shares of AMN Healthcare Services by 183.7% during the second quarter. Harvest Fund Management Co. Ltd now owns 576 shares of the company’s stock worth $56,000 after purchasing an additional 373 shares in the last quarter. Solstein Capital LLC purchased a new stake in shares of AMN Healthcare Services during the first quarter worth about $86,000. Finally, Sageworth Trust Co purchased a new stake in shares of AMN Healthcare Services during the first quarter worth about $108,000. Hedge funds and other institutional investors own 89.54% of the company’s stock.

AMN Healthcare Services Company Profile

AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services to healthcare facilities across the nation. Its workforce solutions include managed services programs and recruitment process outsourcing. The firm operates through the following segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions.

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