Texas Permanent School Fund Corp Cuts Stock Holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Texas Permanent School Fund Corp reduced its position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,057 shares of the business services provider’s stock after selling 1,717 shares during the period. Texas Permanent School Fund Corp owned 0.08% of Cross Country Healthcare worth $844,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CCRN. Pacer Advisors Inc. grew its position in shares of Cross Country Healthcare by 54.5% in the second quarter. Pacer Advisors Inc. now owns 722,822 shares of the business services provider’s stock valued at $20,297,000 after purchasing an additional 255,052 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Cross Country Healthcare by 88.7% in the first quarter. Federated Hermes Inc. now owns 343,067 shares of the business services provider’s stock valued at $7,657,000 after purchasing an additional 161,223 shares in the last quarter. Foundry Partners LLC lifted its holdings in Cross Country Healthcare by 117.6% in the second quarter. Foundry Partners LLC now owns 269,739 shares of the business services provider’s stock valued at $7,574,000 after acquiring an additional 145,764 shares during the last quarter. Martingale Asset Management L P lifted its holdings in Cross Country Healthcare by 32.5% in the first quarter. Martingale Asset Management L P now owns 38,853 shares of the business services provider’s stock valued at $867,000 after acquiring an additional 9,519 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in Cross Country Healthcare by 114.2% in the first quarter. Assetmark Inc. now owns 3,350 shares of the business services provider’s stock valued at $75,000 after acquiring an additional 1,786 shares during the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on CCRN shares. Jefferies Financial Group reiterated a “hold” rating and issued a $21.00 price objective (down from $32.00) on shares of Cross Country Healthcare in a report on Friday, November 3rd. Truist Financial decreased their price objective on Cross Country Healthcare from $25.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, November 3rd. StockNews.com started coverage on Cross Country Healthcare in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Barrington Research decreased their price target 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. Finally, Credit Suisse Group decreased their price target 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. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cross Country Healthcare has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Insider Activity

In other news, insider Marc S. Krug sold 6,000 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $19.91, for a total value of $119,460.00. Following the sale, the insider now directly owns 39,387 shares in the company, valued at $784,195.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Marc S. Krug sold 6,000 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $19.91, for a total value of $119,460.00. Following the transaction, the insider now owns 39,387 shares of the company’s stock, valued at $784,195.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Cynthia Ann Grieco sold 6,370 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $20.60, for a total value of $131,222.00. Following the completion of the transaction, the vice president now directly owns 7,464 shares in the company, valued at approximately $153,758.40. The disclosure for this sale can be found here. Insiders own 5.50% of the company’s stock.

Cross Country Healthcare Stock Up 4.3 %

NASDAQ:CCRN opened at $21.39 on Tuesday. The stock has a market capitalization of $751.86 million, a price-to-earnings ratio of 7.59, a price-to-earnings-growth ratio of 1.53 and a beta of 1.03. Cross Country Healthcare, Inc. has a 52 week low of $15.65 and a 52 week high of $36.90. The stock’s fifty day moving average is $22.60 and its two-hundred day moving average is $24.67.

Cross Country Healthcare (NASDAQ:CCRN) last announced its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). The company had revenue of $442.29 million during the quarter, compared to analyst estimates of $443.90 million. Cross Country Healthcare had a net margin of 4.58% and a return on equity of 23.60%. The firm’s revenue was down 30.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.07 earnings per share. On average, sell-side analysts expect that Cross Country Healthcare, Inc. will post 2.24 EPS for the current fiscal year.

About Cross Country Healthcare

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.