Thrivent Financial for Lutherans Sells 1,202 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Thrivent Financial for Lutherans reduced its stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN – Get Rating) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,342 shares of the business services provider’s stock after selling 1,202 shares during the quarter. Thrivent Financial for Lutherans owned about 0.10% of Cross Country Healthcare worth $966,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Advisor Group Holdings Inc. increased its stake in shares of 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 period. JPMorgan Chase & Co. lifted its holdings in shares of Cross Country Healthcare by 118.6% during the first quarter. JPMorgan Chase & Co. now owns 256,032 shares of the business services provider’s stock worth $5,548,000 after buying an additional 138,906 shares in the last quarter. US Bancorp DE bought a new stake in shares of Cross Country Healthcare in the first quarter valued at about $27,000. Citigroup Inc. grew its stake in shares of 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 in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Cross Country Healthcare by 9.4% during the first quarter. PNC Financial Services Group Inc. now owns 23,527 shares of the business services provider’s stock worth $510,000 after acquiring an additional 2,027 shares during the period. 95.99% of the stock is currently owned by institutional investors and hedge funds.

Cross Country Healthcare Trading Up 2.8 %

Shares of CCRN opened at $25.36 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.45 and a current ratio of 2.45. Cross Country Healthcare, Inc. has a 52-week low of $16.24 and a 52-week high of $40.12. The firm has a market cap of $911.18 million, a price-to-earnings ratio of 6.05, a PEG ratio of 1.61 and a beta of 0.98. The business’s fifty day moving average is $23.17 and its 200-day moving average is $26.94.

Cross Country Healthcare (NASDAQ:CCRN – Get Rating) last released its earnings results on Wednesday, May 3rd. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. The firm had revenue of $622.71 million for the quarter, compared to analysts’ expectations of $594.09 million. Cross Country Healthcare had a return on equity of 37.57% and a net margin of 5.90%. The business’s revenue for the quarter was down 21.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.70 earnings per share. Equities analysts anticipate that Cross Country Healthcare, Inc. will post 2.66 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on CCRN shares. Loop Capital initiated coverage on shares of Cross Country Healthcare in a research report on Thursday, March 9th. They set a “buy” rating and a $30.00 target price on the stock. Credit Suisse Group raised their price objective on Cross Country Healthcare from $31.00 to $32.00 and gave the stock a “neutral” rating in a research note on Thursday, February 23rd. StockNews.com assumed coverage on Cross Country Healthcare in a research report on Thursday, May 18th. They set a “hold” rating for the company. Truist Financial decreased their price target on Cross Country Healthcare from $38.00 to $25.00 in a research report on Tuesday, May 2nd. Finally, Benchmark cut their price objective on shares of Cross Country Healthcare from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, February 23rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $34.40.

About Cross Country Healthcare

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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.