State of Alaska Department of Revenue Sells 1,056 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

State of Alaska Department of Revenue lowered its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 5.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,136 shares of the business services provider’s stock after selling 1,056 shares during the quarter. State of Alaska Department of Revenue owned about 0.05% of Cross Country Healthcare worth $243,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. increased its holdings in shares of Cross Country Healthcare by 3.8% in the second quarter. Pacer Advisors Inc. now owns 4,550,848 shares of the business services provider’s stock worth $62,984,000 after purchasing an additional 165,032 shares during the period. Dimensional Fund Advisors LP grew its position in Cross Country Healthcare by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,360,016 shares of the business services provider’s stock worth $32,662,000 after acquiring an additional 24,363 shares in the last quarter. American Century Companies Inc. grew its position in Cross Country Healthcare by 15.9% in the second quarter. American Century Companies Inc. now owns 772,834 shares of the business services provider’s stock worth $10,696,000 after acquiring an additional 106,226 shares in the last quarter. Dana Investment Advisors Inc. grew its position in Cross Country Healthcare by 34.7% in the second quarter. Dana Investment Advisors Inc. now owns 404,370 shares of the business services provider’s stock worth $5,596,000 after acquiring an additional 104,136 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Cross Country Healthcare by 39.9% in the second quarter. AQR Capital Management LLC now owns 322,483 shares of the business services provider’s stock worth $4,463,000 after acquiring an additional 92,011 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Truist Financial cut their target price on shares of Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating for the company in a research report on Monday, October 21st. Barrington Research cut their target price on shares of Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Benchmark cut their target price on shares of Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $18.50.

Cross Country Healthcare Stock Down 15.6 %

NASDAQ CCRN opened at $10.36 on Friday. The company has a 50-day simple moving average of $12.94 and a two-hundred day simple moving average of $14.32. Cross Country Healthcare, Inc. has a 12-month low of $10.35 and a 12-month high of $23.64. The firm has a market cap of $350.27 million, a price-to-earnings ratio of -207.16, a PEG ratio of 2.35 and a beta of 0.65.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings results on Wednesday, November 6th. The business services provider reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02. Cross Country Healthcare had a negative net margin of 0.12% and a positive return on equity of 5.27%. The business had revenue of $315.12 million during the quarter, compared to analyst estimates of $310.05 million. Equities analysts expect that Cross Country Healthcare, Inc. will post 0.52 earnings per share for the current fiscal year.

Cross Country Healthcare Company 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.