Do AMN Healthcare Services Inc. (NYSE:AMN) Fit In A Value Investing Philosophy?

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    The Vanguard Group, Inc. recently announced the acquisition of new stake in AMN Healthcare Services Inc. (NYSE:AMN). The institutional investor has increased its shareholding in the Healthcare company by 1.63% to 4.89 million shares with purchase of 78496.0 shares. This fresh investment now brings its stake to 10.43% valued currently at $216.84 million. In addition, Kayne Anderson Rudnick Investment… raised its holdings by 0.23 million to 2.0 million shares. And SSgA Funds Management, Inc. has lifted its position by 6.97% or 98650.0 shares – to 1.51 million shares.

    With over 1.15 million AMN Healthcare Services Inc. (AMN) shares trading Monday and a closing price of $43.96 on the day, the dollar volume was approximately $50.64 million. The shares have shown a positive weekly performance of 0.11% and its price on 07/06/20 gained nearly 0.92%. Currently, there are 47.36M common shares owned by the public and among those 46.48M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for AMN have a consensus price objective of $60.13. The analysts have set the share’s price value over the next 12 months at a high of $84.00 and a low of $47.00 should the stock experience a downside. Incidentally, analysts’ outlook for the AMN Healthcare Services Inc. stock is 1.90 for the next 12 months. The average price target is 26.89% above its last price level and an upside to the estimated low will see the stock gain 6.47% over that period. But an upside of 47.67% will see the stock hit the forecast high price target while mean target price for the stock is $56.50.

    Insiders at the company have transacted a total of 80 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 38 of these insider trades were purchases, accounting for 194,890 shares. Insider sales of the common stock occurred on 42 occasions, with total insider shares sold totaling 275,012 shares.

    The top 3 mutual fund holders in AMN Healthcare Services Inc. are iShares Core S&P Small Cap ETF, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund. iShares Core S&P Small Cap ETF owns 2.79 million shares of the company’s stock, all valued at over $123.59 million. The company bought an additional 1235.0 shares recently to bring their total holdings to about 5.95% of the shares outstanding. Vanguard Total Stock Market Index sold 11580.0 shares to see its total holdings shrink to 1.35 million shares valued at over $59.67 million and representing 2.87% of the shares outstanding. Vanguard Small Cap Index Fund sold 11297.0 shares to bring its total holdings to over 1.21 million shares at a value of $53.63 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.58% of the shares outstanding.

    Shares of AMN Healthcare Services Inc. (NYSE: AMN) opened at $44.10, up $0.54 from a prior closing price of $43.56. However, the script later closed the day at $43.96, up 0.92%. The company’s stock has a 5-day price change of 0.11% and -24.22% over the past three months. AMN shares are trading -29.45% year to date (YTD), with the 12-month market performance down to -19.25% lower. It has a 12-month low price of $36.65 and touched a high of $89.22 over the same period. Currently, 1.15 million shares have been traded, compared to an average intraday trading volume of 793.53K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.56%, -2.01%, and -24.44% respectively.

    Institutional ownership of AMN Healthcare Services Inc. (NYSE: AMN) shares is 47.36M shares outstanding. Mutual fund holders own 55.35%, while other institutional holders and individual stakeholders account for 8.59% and 44.64% respectively.

    It has a market capitalization of $2.12B and a beta (3y monthly) value of 0.46. The stock’s trailing 12-month PE ratio is 22.51, while the earnings-per-share (ttm) stands at $1.95. The company has a PEG of 2.53 and a Quick Ratio of 1.60 with the debt-to-equity ratio at 1.46. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.75% over the week and 4.66% over the month.

    Analysts forecast that AMN Healthcare Services Inc. (AMN) will achieve an EPS of $0.64 for the current quarter, $0.53 for the next quarter and $3.07 for 2021. The lowest estimate earnings-per-share for the quarter is $0.62 while analysts give the company a high EPS estimate of $0.66. Comparatively, EPS for the current quarter was $0.77 a year ago. Earnings per share for the fiscal year are expected to decrease by -17.80%, and 17.18% over the next financial year. EPS should shrink at an annualized rate of 8.90% over the next five years, compared to 28.20% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate AMN Healthcare Services Inc. (AMN) as a “Strong Buy” at a consensus score of 1.90. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 3 of the 10 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the AMN, a number of firms have released research notes about the stock. Sidoti stated their Buy rating for the stock in a research note on March 31, 2020. SunTrust coverage for the AMN Healthcare Services Inc. (AMN) stock in a research note released on March 26, 2020 offered a Hold rating with a price target of $64. Sidoti was of a view on March 19, 2020 that the stock is Neutral, while CFRA gave the stock Strong Buy rating on February 14, 2020 . The Benchmark Company on their part issued Buy rating on February 14, 2020.

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