Yousif Capital Management LLC Trims Stock Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Yousif Capital Management LLC lowered its holdings in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 20.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,592 shares of the business services provider’s stock after selling 4,370 shares during the quarter. Yousif Capital Management LLC’s holdings in Cross Country Healthcare were worth $376,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. GAMMA Investing LLC purchased a new stake in Cross Country Healthcare during the 4th quarter valued at approximately $28,000. Aigen Investment Management LP purchased a new stake in Cross Country Healthcare during the 3rd quarter valued at approximately $219,000. Truvestments Capital LLC grew its holdings 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 buying an additional 2,013 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in Cross Country Healthcare during the 4th quarter valued at approximately $251,000. Finally, Versor Investments LP purchased a new stake in Cross Country Healthcare during the 3rd quarter valued at approximately $300,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Insider Buying and Selling

In other news, insider Karen Mote sold 6,216 shares of Cross Country Healthcare stock in a transaction on Friday, March 15th. The stock was sold at an average price of $16.95, for a total transaction of $105,361.20. Following the completion of the sale, the insider now directly owns 35,101 shares in the company, valued at $594,961.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CCRN. Truist Financial cut 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 report on Thursday, February 22nd. Barrington Research lowered their target price on Cross Country Healthcare from $24.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday. TheStreet downgraded Cross Country Healthcare from a “b-” rating to a “c+” rating in a research report on Friday, March 1st. Finally, Benchmark lowered their target price on Cross Country Healthcare from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cross Country Healthcare presently has an average rating of “Hold” and a consensus target price of $20.83.

Cross Country Healthcare Stock Down 3.9 %

Shares of CCRN opened at $16.02 on Tuesday. The company has a market cap of $557.02 million, a PE ratio of 12.32, a P/E/G ratio of 2.17 and a beta of 0.77. The business has a fifty day moving average of $17.90 and a 200 day moving average of $19.95. Cross Country Healthcare, Inc. has a 52-week low of $15.65 and a 52-week high of $28.75.

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

Cross Country Healthcare Profile

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.