Cross Country Healthcare, Inc. (NASDAQ:CCRN) Shares Acquired by Raymond James & Associates

Raymond James & Associates lifted its holdings in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRNGet Rating) by 28.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 58,117 shares of the business services provider’s stock after acquiring an additional 12,955 shares during the period. Raymond James & Associates’ holdings in Cross Country Healthcare were worth $1,649,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Texas Permanent School Fund boosted its holdings in shares of Cross Country Healthcare by 2.5% during the second quarter. Texas Permanent School Fund now owns 25,687 shares of the business services provider’s stock worth $535,000 after purchasing an additional 630 shares during the last quarter. Captrust Financial Advisors boosted its holdings in 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 acquiring an additional 642 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in Cross Country Healthcare by 2.9% in the first quarter. Great West Life Assurance Co. Can now owns 30,820 shares of the business services provider’s stock valued at $686,000 after acquiring an additional 864 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in Cross Country Healthcare by 17.2% in the second quarter. Mutual of America Capital Management LLC now owns 5,968 shares of the business services provider’s stock valued at $124,000 after acquiring an additional 875 shares during the last quarter. Finally, Zebra Capital Management LLC boosted its holdings in Cross Country Healthcare by 8.1% in the second quarter. Zebra Capital Management LLC now owns 14,351 shares of the business services provider’s stock valued at $299,000 after acquiring an additional 1,073 shares during the last quarter. Institutional investors and hedge funds own 95.99% of the company’s stock.

Cross Country Healthcare Stock Down 2.9 %

Shares of NASDAQ CCRN opened at $27.09 on Wednesday. Cross Country Healthcare, Inc. has a 1 year low of $15.26 and a 1 year high of $40.12. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 4.49, a PEG ratio of 1.44 and a beta of 1.06. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.38 and a current ratio of 2.38. The stock’s 50-day simple moving average is $30.14 and its 200-day simple moving average is $29.26.

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

Insider Activity at Cross Country Healthcare

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

Analyst Ratings Changes

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

About Cross Country Healthcare

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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.

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

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