Cross Country Healthcare, Inc. (NASDAQ:CCRN) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 73.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 118,431 shares of the business services provider’s stock after selling 328,288 shares during the quarter. Deutsche Bank AG owned 0.36% of Cross Country Healthcare worth $2,151,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC acquired a new position in shares of Cross Country Healthcare during the fourth quarter worth about $25,000. Geode Capital Management LLC lifted its position in Cross Country Healthcare by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 754,368 shares of the business services provider’s stock valued at $13,702,000 after purchasing an additional 2,112 shares during the period. Plato Investment Management Ltd purchased a new stake in Cross Country Healthcare in the 4th quarter valued at approximately $46,000. Wells Fargo & Company MN boosted its holdings in Cross Country Healthcare by 20.7% in the 4th quarter. Wells Fargo & Company MN now owns 19,657 shares of the business services provider’s stock valued at $357,000 after purchasing an additional 3,371 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Cross Country Healthcare by 35.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,719 shares of the business services provider’s stock worth $431,000 after purchasing an additional 6,214 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Cross Country Healthcare Price Performance

Shares of NASDAQ:CCRN opened at $13.52 on Friday. The firm has a market capitalization of $443.23 million, a price-to-earnings ratio of -270.35, a price-to-earnings-growth ratio of 3.32 and a beta of 0.38. The business’s 50 day simple moving average is $14.25 and its 200-day simple moving average is $15.54. Cross Country Healthcare, Inc. has a 12 month low of $9.58 and a 12 month high of $18.50.

Cross Country Healthcare (NASDAQ:CCRN) last posted its earnings results on Wednesday, May 7th. The business services provider reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Cross Country Healthcare had a positive return on equity of 5.38% and a negative net margin of 0.12%. The business’s revenue for the quarter was down 22.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.19 EPS. On average, equities analysts anticipate that Cross Country Healthcare, Inc. will post 0.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CCRN. Wall Street Zen assumed coverage on Cross Country Healthcare in a report on Thursday, May 15th. They issued a “hold” rating for the company. JMP Securities reiterated a “market perform” rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. UBS Group reduced their target price on Cross Country Healthcare from $18.61 to $16.50 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Finally, Barrington Research restated a “market perform” rating and set a $18.61 target price on shares of Cross Country Healthcare in a research report on Friday, March 14th. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $17.93.

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.