Victory Capital Management Inc. Sells 45,855 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Victory Capital Management Inc. decreased its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 72.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,312 shares of the business services provider’s stock after selling 45,855 shares during the period. Victory Capital Management Inc. owned approximately 0.05% of Cross Country Healthcare worth $258,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Alliancebernstein L.P. grew its holdings in shares of Cross Country Healthcare by 443.7% in the 4th quarter. Alliancebernstein L.P. now owns 1,284,940 shares of the business services provider’s stock valued at $23,335,000 after acquiring an additional 1,048,605 shares in the last quarter. AQR Arbitrage LLC bought a new stake in Cross Country Healthcare during the fourth quarter worth $10,851,000. Hsbc Holdings PLC lifted its stake in Cross Country Healthcare by 1,023.8% in the fourth quarter. Hsbc Holdings PLC now owns 413,575 shares of the business services provider’s stock valued at $7,502,000 after acquiring an additional 376,774 shares during the last quarter. Water Island Capital LLC bought a new position in shares of Cross Country Healthcare in the 4th quarter valued at about $6,685,000. Finally, Millennium Management LLC increased its stake in shares of Cross Country Healthcare by 657.5% during the 4th quarter. Millennium Management LLC now owns 405,600 shares of the business services provider’s stock worth $7,366,000 after purchasing an additional 352,056 shares during the last quarter. Institutional investors own 96.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CCRN shares. UBS Group reduced their target price on shares of Cross Country Healthcare from $18.61 to $16.50 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Barrington Research reissued a “market perform” rating and issued a $18.61 price objective on shares of Cross Country Healthcare in a research note on Tuesday, June 17th. Finally, Wall Street Zen began coverage on shares of Cross Country Healthcare in a research note on Thursday, May 15th. They issued a “hold” rating for the company. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Cross Country Healthcare currently has a consensus rating of “Hold” and an average target price of $17.93.

Cross Country Healthcare Trading Down 3.0%

Shares of NASDAQ CCRN opened at $13.04 on Friday. The stock has a market cap of $427.45 million, a price-to-earnings ratio of -24.60, a P/E/G ratio of 4.07 and a beta of 0.35. The stock’s 50-day moving average is $13.16 and its 200 day moving average is $14.84. Cross Country Healthcare, Inc. has a 1-year low of $9.58 and a 1-year high of $18.33.

Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Cross Country Healthcare had a positive return on equity of 2.56% and a negative net margin of 1.41%. Cross Country Healthcare’s quarterly revenue was down 22.6% on a year-over-year basis. During the same quarter last year, the business posted $0.19 earnings per share. On average, analysts forecast that Cross Country Healthcare, Inc. will post 0.53 EPS for the current fiscal year.

About Cross Country Healthcare

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.