BNP Paribas Financial Markets Grows Stock Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

BNP Paribas Financial Markets lifted its stake in Cross Country Healthcare, Inc. (NASDAQ:CCRNFree Report) by 20.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,061 shares of the business services provider’s stock after buying an additional 5,784 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.10% of Cross Country Healthcare worth $771,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC purchased a new stake in Cross Country Healthcare in the 4th quarter worth approximately $28,000. Gladius Capital Management LP grew its position in Cross Country Healthcare by 37.1% during the fourth quarter. Gladius Capital Management LP now owns 1,902 shares of the business services provider’s stock valued at $43,000 after buying an additional 515 shares during the period. Aigen Investment Management LP purchased a new position in Cross Country Healthcare in the third quarter valued at $219,000. Truvestments Capital LLC raised its position in shares of 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 worth $241,000 after acquiring an additional 2,013 shares during the period. Finally, Everence Capital Management Inc. purchased a new stake in shares of Cross Country Healthcare during the 4th quarter worth about $251,000. 96.03% of the stock is owned by institutional investors and hedge funds.

Cross Country Healthcare Trading Up 1.3 %

NASDAQ:CCRN opened at $14.75 on Friday. The company has a market cap of $512.86 million, a P/E ratio of 11.35, a P/E/G ratio of 2.05 and a beta of 0.77. Cross Country Healthcare, Inc. has a twelve month low of $14.06 and a twelve month high of $28.75. The company’s 50-day moving average price is $16.70 and its 200-day moving average price is $19.21.

Cross Country Healthcare (NASDAQ:CCRNGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The business services provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $379.17 million during the quarter, compared to analyst estimates of $374.38 million. Cross Country Healthcare had a return on equity of 11.69% and a net margin of 2.58%. The business’s revenue was down 39.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 earnings per share. On average, analysts expect that Cross Country Healthcare, Inc. will post 0.73 earnings per share for the current year.

Wall Street Analyst Weigh In

CCRN has been the subject of a number of analyst reports. Benchmark reduced their price target on Cross Country Healthcare from $21.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Barrington Research decreased their target price on Cross Country Healthcare from $24.00 to $21.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. Truist Financial decreased their price objective on shares of Cross Country Healthcare from $22.00 to $16.00 and set a “hold” rating on the stock in a report on Thursday, February 22nd. Finally, TheStreet downgraded shares of Cross Country Healthcare from a “b-” rating to a “c+” rating in a research report on Friday, March 1st. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Cross Country Healthcare has a consensus rating of “Hold” and a consensus price target of $20.83.

Check Out Our Latest Research Report on CCRN

Insider Activity

In related news, insider Karen Mote sold 6,216 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were 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 document filed with the SEC, which is available through the SEC website. In other news, insider Karen Mote sold 6,216 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $16.95, for a total value of $105,361.20. Following the transaction, the insider now owns 35,101 shares of the company’s stock, valued at approximately $594,961.95. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Phillip Lyn Noe sold 9,646 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $14.19, for a total value of $136,876.74. Following the sale, the insider now directly owns 10,162 shares of the company’s stock, valued at $144,198.78. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,519 shares of company stock valued at $444,635. 4.90% of the stock is currently owned by insiders.

About Cross Country Healthcare

(Free Report)

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.

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Institutional Ownership by Quarter for Cross Country Healthcare (NASDAQ:CCRN)

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