Strs Ohio Purchases New Shares in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Strs Ohio acquired a new stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) in the fourth quarter, Holdings Channel reports. The fund acquired 15,000 shares of the business services provider’s stock, valued at approximately $339,000.

Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC grew its holdings in shares of Cross Country Healthcare by 8.2% during the fourth quarter. SG Americas Securities LLC now owns 19,754 shares of the business services provider’s stock valued at $447,000 after buying an additional 1,493 shares in the last quarter. Truvestments Capital LLC grew its stake in Cross Country Healthcare by 26.1% during the 3rd quarter. Truvestments Capital LLC now owns 9,721 shares of the business services provider’s stock valued at $241,000 after acquiring an additional 2,013 shares in the last quarter. Gotham Asset Management LLC increased its holdings in shares of Cross Country Healthcare by 4.4% in the 3rd quarter. Gotham Asset Management LLC now owns 47,897 shares of the business services provider’s stock valued at $1,187,000 after purchasing an additional 2,023 shares during the period. Deutsche Bank AG lifted its position in shares of Cross Country Healthcare by 0.3% in the third quarter. Deutsche Bank AG now owns 717,762 shares of the business services provider’s stock worth $17,793,000 after purchasing an additional 2,026 shares in the last quarter. Finally, Smith Graham & Co. Investment Advisors LP boosted its holdings in shares of Cross Country Healthcare by 1.5% during the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 254,495 shares of the business services provider’s stock worth $5,762,000 after purchasing an additional 3,796 shares during the period. 96.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on CCRN. Benchmark lowered their price objective on shares of Cross Country Healthcare from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, February 22nd. TheStreet downgraded shares of Cross Country Healthcare from a “b-” rating to a “c+” rating in a research note on Friday, March 1st. Barrington Research cut their price objective on Cross Country Healthcare from $26.00 to $24.00 and set an “outperform” rating for the company in a report on Tuesday, February 27th. Finally, Truist Financial lowered their target price on Cross Country Healthcare from $22.00 to $16.00 and set a “hold” rating on the stock in a research note on Thursday, February 22nd. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $21.67.

Insider Activity at Cross Country Healthcare

In related news, insider Karen Mote sold 6,216 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $16.95, for a total transaction of $105,361.20. Following the transaction, the insider now directly owns 35,101 shares in the company, valued at $594,961.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.90% of the stock is owned by corporate insiders.

Cross Country Healthcare Price Performance

Shares of NASDAQ:CCRN opened at $17.55 on Tuesday. The business has a 50-day moving average of $17.92 and a two-hundred day moving average of $20.16. Cross Country Healthcare, Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $28.75. The stock has a market capitalization of $608.63 million, a P/E ratio of 8.65, a P/E/G ratio of 1.86 and a beta of 0.75.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings data on Wednesday, February 21st. The business services provider reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. Cross Country Healthcare had a return on equity of 16.93% and a net margin of 3.60%. The business had revenue of $414.04 million during the quarter, compared to analysts’ expectations of $404.42 million. During the same quarter in the previous year, the firm earned $1.09 EPS. The firm’s revenue was down 34.1% compared to the same quarter last year. As a group, research analysts expect that Cross Country Healthcare, Inc. will post 0.92 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's Nurse and Allied Staffing segment provides 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; vendor neutral and managed services programs; education healthcare services; in-home care services; and outsourcing services.