Cross Country Healthcare, Inc. (NASDAQ:CCRN) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lowered its position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,100 shares of the business services provider’s stock after selling 1,083 shares during the quarter. California State Teachers Retirement System owned approximately 0.09% of Cross Country Healthcare worth $547,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CCRN. Quadrant Capital Group LLC acquired a new position in shares of Cross Country Healthcare during the fourth quarter valued at approximately $25,000. Plato Investment Management Ltd acquired a new position in shares of Cross Country Healthcare during the fourth quarter valued at approximately $46,000. Mint Tower Capital Management B.V. acquired a new position in shares of Cross Country Healthcare during the fourth quarter valued at approximately $182,000. Guggenheim Capital LLC acquired a new position in shares of Cross Country Healthcare during the fourth quarter valued at approximately $201,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Cross Country Healthcare during the fourth quarter valued at approximately $217,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CCRN shares. Barrington Research reaffirmed a “market perform” rating and issued a $18.61 price target on shares of Cross Country Healthcare in a report on Friday, March 14th. UBS Group cut their price target 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, Wall Street Zen started coverage on Cross Country Healthcare in a report on Thursday, May 15th. They issued a “hold” rating for the company. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.93.

Cross Country Healthcare Stock Up 0.8%

CCRN stock opened at $13.16 on Thursday. The business has a fifty day moving average of $13.77 and a two-hundred day moving average of $15.78. The stock has a market cap of $431.42 million, a price-to-earnings ratio of -263.15, a price-to-earnings-growth ratio of 3.32 and a beta of 0.37. Cross Country Healthcare, Inc. has a 52-week low of $9.58 and a 52-week 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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 was down 22.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 earnings per share. As a group, sell-side analysts anticipate that Cross Country Healthcare, Inc. will post 0.53 EPS for the current 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.