SG Americas Securities LLC Cuts Holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

SG Americas Securities LLC cut its position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN – Get Rating) by 39.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,722 shares of the business services provider’s stock after selling 4,391 shares during the quarter. SG Americas Securities LLC’s holdings in Cross Country Healthcare were worth $179,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CCRN. Advisor Group Holdings Inc. boosted its holdings in Cross Country Healthcare by 176.0% during the first quarter. Advisor Group Holdings Inc. now owns 8,179 shares of the business services provider’s stock worth $177,000 after purchasing an additional 5,216 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Cross Country Healthcare by 118.6% in the first quarter. JPMorgan Chase & Co. now owns 256,032 shares of the business services provider’s stock valued at $5,548,000 after acquiring an additional 138,906 shares during the last quarter. US Bancorp DE purchased a new position in Cross Country Healthcare in the first quarter valued at about $27,000. Citigroup Inc. boosted its stake in Cross Country Healthcare by 5.9% in the first quarter. Citigroup Inc. now owns 31,568 shares of the business services provider’s stock valued at $684,000 after acquiring an additional 1,751 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Cross Country Healthcare by 9.4% in the first quarter. PNC Financial Services Group Inc. now owns 23,527 shares of the business services provider’s stock valued at $510,000 after acquiring an additional 2,027 shares during the last quarter. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

Cross Country Healthcare Trading Down 0.3 %

NASDAQ:CCRN opened at $24.57 on Friday. The company has a 50-day moving average price of $23.13 and a 200-day moving average price of $27.70. Cross Country Healthcare, Inc. has a 12 month low of $15.26 and a 12 month high of $40.12. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.31. The stock has a market cap of $882.80 million, a price-to-earnings ratio of 5.86, a P/E/G ratio of 1.40 and a beta of 0.98.

Cross Country Healthcare (NASDAQ:CCRN – Get Rating) last announced its quarterly earnings results on Wednesday, May 3rd. The business services provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. The firm had revenue of $622.71 million during the quarter, compared to analyst estimates of $594.09 million. Cross Country Healthcare had a net margin of 5.90% and a return on equity of 37.57%. The business’s revenue for the quarter was down 21.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.70 earnings per share. Equities analysts predict that Cross Country Healthcare, Inc. will post 2.81 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on CCRN shares. Benchmark dropped their price target on shares of Cross Country Healthcare from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, February 23rd. StockNews.com started coverage on shares of Cross Country Healthcare in a research note on Thursday, March 16th. They set a “hold” rating on the stock. Loop Capital started coverage on shares of Cross Country Healthcare in a research note on Thursday, March 9th. They set a “buy” rating and a $30.00 price target on the stock. Credit Suisse Group upped their price target on shares of Cross Country Healthcare from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, February 23rd. Finally, Truist Financial decreased their target price on shares of Cross Country Healthcare from $38.00 to $25.00 in a report on Tuesday, May 2nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.40.

About Cross Country Healthcare

(Get Rating)

Cross Country Healthcare, Inc engages in the provision of healthcare staffing and workforce management solutions. It operates through the Nurse and Allied Staffing and Physician Staffing segments. The Nurse and Allied Staffing segment provides workforce solutions and traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, branch-based local nurses, and allied staffing.