Bank of America Corp DE Sells 214,357 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Bank of America Corp DE lowered its holdings in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 67.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,353 shares of the business services provider’s stock after selling 214,357 shares during the quarter. Bank of America Corp DE owned 0.31% of Cross Country Healthcare worth $1,859,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of CCRN. Quadrant Capital Group LLC purchased a new stake in shares of Cross Country Healthcare in the fourth quarter valued at $25,000. Geode Capital Management LLC raised its stake in shares of 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 acquiring an additional 2,112 shares during the period. Plato Investment Management Ltd purchased a new stake in shares of Cross Country Healthcare in the fourth quarter valued at $46,000. Wells Fargo & Company MN raised its stake in shares of Cross Country Healthcare by 20.7% in the fourth quarter. Wells Fargo & Company MN now owns 19,657 shares of the business services provider’s stock valued at $357,000 after acquiring an additional 3,371 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Cross Country Healthcare by 35.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,719 shares of the business services provider’s stock valued at $431,000 after acquiring an additional 6,214 shares during the period. Institutional investors own 96.03% of the company’s stock.

Analysts Set New Price Targets

CCRN has been the topic of several recent analyst reports. Wall Street Zen initiated coverage on shares of Cross Country Healthcare in a research note on Thursday, May 15th. They issued a “hold” rating on the stock. JMP Securities reissued a “market perform” rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. UBS Group cut their target price on shares of Cross Country Healthcare from $18.61 to $16.50 and set a “neutral” rating on the stock in a research report on Tuesday, May 13th. Finally, Barrington Research reissued 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 equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Cross Country Healthcare presently has an average rating of “Hold” and a consensus target price of $17.93.

Cross Country Healthcare Price Performance

NASDAQ:CCRN opened at $13.15 on Wednesday. The firm has a market cap of $431.10 million, a price-to-earnings ratio of -262.95, a price-to-earnings-growth ratio of 3.32 and a beta of 0.38. The company has a 50 day moving average price of $13.99 and a 200-day moving average price of $15.71. Cross Country Healthcare, Inc. has a 1-year low of $9.58 and a 1-year high of $18.50.

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