California State Teachers Retirement System Has $991,000 Stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

California State Teachers Retirement System decreased its position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,407 shares of the business services provider’s stock after selling 1,416 shares during the quarter. California State Teachers Retirement System owned approximately 0.12% of Cross Country Healthcare worth $991,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CCRN. Dark Forest Capital Management LP acquired a new position in Cross Country Healthcare during the 4th quarter worth about $26,000. US Bancorp DE acquired a new position in Cross Country Healthcare during the 1st quarter worth about $27,000. Point72 Hong Kong Ltd acquired a new position in Cross Country Healthcare during the 1st quarter worth about $35,000. Coppell Advisory Solutions Corp. acquired a new position in Cross Country Healthcare during the 4th quarter worth about $39,000. Finally, Assetmark Inc. lifted its holdings in Cross Country Healthcare by 206.7% during the 4th quarter. Assetmark Inc. now owns 1,564 shares of the business services provider’s stock worth $42,000 after buying an additional 1,054 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Cross Country Healthcare Stock Performance

Shares of Cross Country Healthcare stock opened at $24.82 on Friday. Cross Country Healthcare, Inc. has a one year low of $20.50 and a one year high of $40.12. The firm has a market capitalization of $888.63 million, a price-to-earnings ratio of 7.32, a PEG ratio of 1.74 and a beta of 0.97. The business has a 50-day simple moving average of $25.77 and a 200 day simple moving average of $25.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.34 and a quick ratio of 2.34.

Cross Country Healthcare (NASDAQ:CCRN) last issued its earnings results on Wednesday, August 2nd. The business services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.08. Cross Country Healthcare had a return on equity of 30.06% and a net margin of 5.12%. The business had revenue of $540.70 million during the quarter, compared to analyst estimates of $531.70 million. During the same period in the previous year, the company posted $1.40 EPS. The firm’s revenue was down 28.2% compared to the same quarter last year. On average, research analysts anticipate that Cross Country Healthcare, Inc. will post 2.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CCRN has been the topic of a number of recent analyst reports. William Blair initiated coverage on Cross Country Healthcare in a research note on Monday, June 26th. They issued an “outperform” rating on the stock. Barrington Research dropped their price objective on Cross Country Healthcare from $35.00 to $29.00 and set an “outperform” rating on the stock in a research note on Monday, August 14th. Credit Suisse Group dropped their price objective on Cross Country Healthcare from $27.00 to $26.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 8th. Finally, StockNews.com initiated coverage on Cross Country Healthcare in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $30.00.

Cross Country Healthcare Profile

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 provides workforce solutions and traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; managed services programs services; education healthcare services; in-home care services; and outsourcing services.