US Bancorp DE reduced its stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN – Free Report) by 27.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,276 shares of the business services provider’s stock after selling 473 shares during the period. US Bancorp DE’s holdings in Cross Country Healthcare were worth $28,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Dark Forest Capital Management LP bought a new position in Cross Country Healthcare during the fourth quarter valued at approximately $26,000. Point72 Hong Kong Ltd bought a new position in shares of Cross Country Healthcare during the 1st quarter valued at approximately $35,000. Coppell Advisory Solutions Corp. purchased a new position in shares of Cross Country Healthcare in the fourth quarter valued at $39,000. Assetmark Inc. increased its position in Cross Country Healthcare by 206.7% in the fourth quarter. Assetmark Inc. now owns 1,564 shares of the business services provider’s stock worth $42,000 after purchasing an additional 1,054 shares during the last quarter. Finally, James Investment Research Inc. purchased a new stake in Cross Country Healthcare during the first quarter valued at $48,000. Institutional investors own 96.03% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently commented on the stock. Barrington Research lowered their price target on shares of Cross Country Healthcare from $35.00 to $29.00 and set an “outperform” rating for the company in a report on Monday, August 14th. Credit Suisse Group dropped their target price on Cross Country Healthcare from $27.00 to $26.00 and set a “neutral” rating for the company in a research report on Tuesday, August 8th. William Blair started coverage on Cross Country Healthcare in a report on Monday, June 26th. They set an “outperform” rating for the company. Finally, StockNews.com assumed coverage on Cross Country Healthcare in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.00.
Cross Country Healthcare Trading Down 3.6 %
NASDAQ CCRN opened at $24.82 on Monday. The company’s 50-day simple moving average is $25.77 and its two-hundred day simple moving average is $25.00. Cross Country Healthcare, Inc. has a one year low of $20.50 and a one year high of $40.12. The company has a market capitalization of $888.63 million, a price-to-earnings ratio of 7.32, a price-to-earnings-growth ratio of 1.74 and a beta of 0.97. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.34 and a current ratio of 2.34.
Cross Country Healthcare (NASDAQ:CCRN – Get Free Report) last posted its earnings results on Wednesday, August 2nd. The business services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.08. The company had revenue of $540.70 million during the quarter, compared to analyst estimates of $531.70 million. Cross Country Healthcare had a return on equity of 30.06% and a net margin of 5.12%. Cross Country Healthcare’s revenue was down 28.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.40 earnings per share. Equities analysts forecast that Cross Country Healthcare, Inc. will post 2.43 EPS for the current fiscal year.
Cross Country Healthcare Company 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.
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