Comerica Bank Sells 2,460 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Comerica Bank trimmed its position in Cross Country Healthcare, Inc. (NASDAQ:CCRNGet Rating) by 8.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,651 shares of the business services provider’s stock after selling 2,460 shares during the period. Comerica Bank’s holdings in Cross Country Healthcare were worth $1,025,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CCRN. US Bancorp DE bought a new stake in shares of Cross Country Healthcare during the first quarter valued at approximately $27,000. Point72 Hong Kong Ltd acquired a new stake in Cross Country Healthcare in the 1st quarter valued at $35,000. Gladius Capital Management LP bought a new stake in Cross Country Healthcare during the 2nd quarter valued at $60,000. KBC Group NV acquired a new position in Cross Country Healthcare during the second quarter worth $65,000. Finally, Captrust Financial Advisors lifted its stake in shares of Cross Country Healthcare by 26.4% in the first quarter. Captrust Financial Advisors now owns 3,074 shares of the business services provider’s stock valued at $67,000 after buying an additional 642 shares in the last quarter. 95.99% of the stock is owned by institutional investors and hedge funds.

Cross Country Healthcare Price Performance

Shares of NASDAQ CCRN opened at $27.09 on Wednesday. The company has a market capitalization of $1.01 billion, a PE ratio of 4.49, a PEG ratio of 1.44 and a beta of 1.06. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.31. The stock’s 50 day moving average price is $30.14 and its 200-day moving average price is $29.26. Cross Country Healthcare, Inc. has a twelve month low of $15.26 and a twelve month high of $40.12.

Cross Country Healthcare (NASDAQ:CCRNGet Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The business services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.11. The business had revenue of $636.10 million for the quarter, compared to analyst estimates of $617.93 million. Cross Country Healthcare had a return on equity of 56.53% and a net margin of 8.06%. On average, equities analysts anticipate that Cross Country Healthcare, Inc. will post 5.07 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CCRN shares. Credit Suisse Group upped their target price on shares of Cross Country Healthcare to $31.00 in a report on Thursday, November 24th. Truist Financial lowered Cross Country Healthcare from a “buy” rating to a “hold” rating and set a $36.00 target price on the stock. in a report on Wednesday, October 5th. They noted that the move was a valuation call. Barrington Research upped their price target on Cross Country Healthcare from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, November 7th. Finally, StockNews.com assumed coverage on Cross Country Healthcare in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Cross Country Healthcare has an average rating of “Moderate Buy” and a consensus price target of $36.20.

Insider Buying and Selling

In related news, VP Cynthia Ann Grieco sold 1,071 shares of the stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $36.00, for a total transaction of $38,556.00. Following the completion of the transaction, the vice president now owns 11,950 shares in the company, valued at $430,200. The transaction was disclosed in a document filed with the SEC, which is available through this link. 5.00% of the stock is owned by insiders.

Cross Country Healthcare Profile

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Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company operates in two segments, Nurse and Allied Staffing and Physician Staffing. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, local nurses, and allied staffing; staffing solutions for registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and clinical and non-clinical professionals on long-term contract assignments, as well as workforce solutions, including MSP, RPO, and consulting services.

See Also

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Institutional Ownership by Quarter for Cross Country Healthcare (NASDAQ:CCRN)

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