Hillcrest Asset Management LLC purchased a new stake in AMN Healthcare Services Inc (NYSE:AMN) during the second quarter, according to its most recent filing with the SEC. The fund purchased 259,881 shares of the company’s stock, valued at approximately $10,148,000. AMN Healthcare Services comprises about 1.9% of Hillcrest Asset Management LLC’s portfolio, making the stock its 25th largest holding. Hillcrest Asset Management LLC owned approximately 0.54% of AMN Healthcare Services as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in AMN. BlackRock Inc. bought a new stake in AMN Healthcare Services in the 1st quarter valued at $229,289,000. Vanguard Group Inc. bought a new stake in AMN Healthcare Services in the 1st quarter valued at $172,667,000. Dimensional Fund Advisors LP bought a new stake in AMN Healthcare Services in the 1st quarter valued at $68,250,000. State Street Corp bought a new stake in AMN Healthcare Services in the 1st quarter valued at $47,957,000. Finally, Hermes Investment Management Ltd. bought a new stake in AMN Healthcare Services in the 2nd quarter valued at $41,404,000.
AMN Healthcare Services Inc (NYSE:AMN) traded down 0.48% during mid-day trading on Friday, hitting $41.40. 553,483 shares of the stock were exchanged. The stock has a market cap of $1.98 billion, a PE ratio of 17.47 and a beta of 0.45. AMN Healthcare Services Inc has a 52-week low of $26.00 and a 52-week high of $46.60. The stock’s 50 day moving average is $40.58 and its 200 day moving average is $38.72.
AMN Healthcare Services (NYSE:AMN) last issued its earnings results on Thursday, August 3rd. The company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.07. The business had revenue of $489.80 million during the quarter, compared to analysts’ expectations of $489.79 million. AMN Healthcare Services had a net margin of 6.01% and a return on equity of 26.83%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 earnings per share. Analysts forecast that AMN Healthcare Services Inc will post $3.12 EPS for the current fiscal year.
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In other news, insider Ralph Henderson sold 6,906 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $46.00, for a total value of $317,676.00. Following the completion of the sale, the insider now directly owns 31,772 shares in the company, valued at $1,461,512. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.49% of the stock is owned by corporate insiders.
A number of analysts have issued reports on AMN shares. Wells Fargo & Company started coverage on shares of AMN Healthcare Services in a report on Tuesday, June 27th. They issued an “outperform” rating and a $45.00 price target on the stock. Zacks Investment Research downgraded shares of AMN Healthcare Services from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. ValuEngine upgraded shares of AMN Healthcare Services from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $43.00 price target on shares of AMN Healthcare Services in a report on Friday, September 1st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $46.00.
About AMN Healthcare Services
AMN Healthcare Services, Inc provides healthcare workforce solutions and staffing services at acute and sub-acute care hospitals and other healthcare facilities throughout the United States. The Company’s segments include nurse and allied solutions, locum tenens solutions and other workforce solutions.
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