Hillcrest Asset Management LLC Purchases New Holdings in AMN Healthcare Services Inc (AMN)

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.

Institutional Ownership by Quarter for AMN Healthcare Services (NYSE:AMN)

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