AMN Healthcare Services, Inc. (NYSE:AMN) Sees Large Increase in Short Interest

AMN Healthcare Services, Inc. (NYSE:AMN – Get Rating) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 2,820,000 shares, an increase of 27.0% from the February 28th total of 2,220,000 shares. Based on an average daily trading volume, of 641,000 shares, the days-to-cover ratio is presently 4.4 days. Approximately 6.1% of the company’s shares are short sold.

In other AMN Healthcare Services news, CEO Susan R. Salka sold 2,700 shares of the firm’s stock in a transaction on Tuesday, February 22nd. The shares were sold at an average price of $105.26, for a total value of $284,202.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Susan R. Salka sold 22,475 shares of the firm’s stock in a transaction on Monday, February 28th. The stock was sold at an average price of $107.12, for a total transaction of $2,407,522.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,119 shares of company stock valued at $6,342,972. 0.98% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMN. PSI Advisors LLC bought a new position in shares of AMN Healthcare Services during the third quarter valued at about $28,000. Danda Trouve Investment Management Inc. bought a new stake in AMN Healthcare Services in the third quarter worth about $29,000. Dark Forest Capital Management LP bought a new stake in AMN Healthcare Services in the third quarter worth about $32,000. First Quadrant LP CA bought a new stake in AMN Healthcare Services in the fourth quarter worth about $42,000. Finally, Total Clarity Wealth Management Inc. bought a new stake in AMN Healthcare Services in the third quarter worth about $45,000. 91.07% of the stock is currently owned by institutional investors.

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Shares of NYSE AMN opened at $104.33 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.39 and a quick ratio of 1.39. The company has a 50-day moving average price of $102.18 and a 200-day moving average price of $109.03. AMN Healthcare Services has a 1 year low of $72.73 and a 1 year high of $129.12. The stock has a market capitalization of $4.80 billion, a P/E ratio of 15.52, a P/E/G ratio of 0.70 and a beta of 0.33.

AMN Healthcare Services (NYSE:AMN – Get Rating) last released its quarterly earnings results on Thursday, February 17th. The company reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.37. AMN Healthcare Services had a net margin of 8.22% and a return on equity of 37.95%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the firm earned $1.00 earnings per share. As a group, equities research analysts predict that AMN Healthcare Services will post 9.31 earnings per share for the current fiscal year.

A number of equities research analysts have commented on the stock. Jefferies Financial Group raised their price target on shares of AMN Healthcare Services from $140.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, February 18th. StockNews.com initiated coverage on shares of AMN Healthcare Services in a report on Thursday. They set a “buy” rating for the company. Finally, Benchmark lifted their price objective on shares of AMN Healthcare Services from $125.00 to $140.00 and gave the company a “buy” rating in a report on Friday, February 18th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, AMN Healthcare Services presently has an average rating of “Buy” and a consensus price target of $141.20.

About AMN Healthcare Services (Get Rating)

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, Physician and Leadership Solutions, and Technology and Workforce Solutions. The Nurse and Allied Solutions segment offers travel nurse staffing, rapid response nurse staffing and labor disruption, allied staffing, local staffing, and revenue cycle solutions.

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