1,320 Shares in Cross Country Healthcare, Inc. (NASDAQ:CCRN) Bought by GAMMA Investing LLC

GAMMA Investing LLC bought a new position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) in the fourth quarter, HoldingsChannel reports. The fund bought 1,320 shares of the business services provider’s stock, valued at approximately $28,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC grew its stake 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 worth $447,000 after purchasing an additional 1,493 shares in the last quarter. Truvestments Capital LLC boosted its stake in Cross Country Healthcare by 26.1% in the third 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 boosted its stake in Cross Country Healthcare by 4.4% in the third quarter. Gotham Asset Management LLC now owns 47,897 shares of the business services provider’s stock valued at $1,187,000 after acquiring an additional 2,023 shares in the last quarter. Deutsche Bank AG boosted its stake in 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 valued at $17,793,000 after acquiring an additional 2,026 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in Cross Country Healthcare by 10.6% in the fourth quarter. New York State Common Retirement Fund now owns 32,762 shares of the business services provider’s stock valued at $742,000 after acquiring an additional 3,140 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Insider Activity

In related news, insider Karen Mote sold 6,216 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $16.95, for a total transaction of $105,361.20. Following the sale, the insider now owns 35,101 shares in the company, valued at $594,961.95. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CCRN. Truist Financial decreased their price objective on shares of Cross Country Healthcare from $22.00 to $16.00 and set a “hold” rating for the company in a research note 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 decreased their target price on shares of Cross Country Healthcare from $24.00 to $21.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Benchmark decreased their target price on shares of Cross Country Healthcare from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Cross Country Healthcare currently has an average rating of “Hold” and a consensus price target of $20.83.

Cross Country Healthcare Price Performance

CCRN stock opened at $16.02 on Tuesday. The company’s 50 day simple moving average is $17.90 and its 200-day simple moving average is $19.95. The firm has a market capitalization of $557.02 million, a PE ratio of 12.32, a P/E/G ratio of 2.17 and a beta of 0.77. Cross Country Healthcare, Inc. has a 12 month low of $15.65 and a 12 month high of $28.75.

Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings results on Wednesday, May 1st. The business services provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $379.17 million for the quarter, compared to analyst estimates of $374.38 million. Cross Country Healthcare had a net margin of 2.58% and a return on equity of 11.69%. The company’s quarterly revenue was down 39.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.84 earnings per share. As a group, sell-side analysts anticipate that Cross Country Healthcare, Inc. will post 0.77 earnings per share for the current 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.