Cross Country Healthcare, Inc. $CCRN Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 3.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,620 shares of the business services provider’s stock after selling 1,949 shares during the period. Rhumbline Advisers owned 0.16% of Cross Country Healthcare worth $769,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CCRN. Alliancebernstein L.P. boosted its stake in shares of Cross Country Healthcare by 82.4% during the first quarter. Alliancebernstein L.P. now owns 2,343,484 shares of the business services provider’s stock valued at $34,894,000 after acquiring an additional 1,058,544 shares during the last quarter. Alpine Associates Management Inc. boosted its stake in shares of Cross Country Healthcare by 115.6% during the first quarter. Alpine Associates Management Inc. now owns 1,252,524 shares of the business services provider’s stock valued at $18,650,000 after acquiring an additional 671,492 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Cross Country Healthcare by 56.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,095,178 shares of the business services provider’s stock valued at $16,307,000 after acquiring an additional 397,216 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Cross Country Healthcare during the first quarter valued at $5,853,000. Finally, Hsbc Holdings PLC boosted its stake in shares of Cross Country Healthcare by 91.8% during the first quarter. Hsbc Holdings PLC now owns 793,258 shares of the business services provider’s stock valued at $11,859,000 after acquiring an additional 379,683 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Wall Street Analysts Forecast Growth

CCRN has been the topic of several recent analyst reports. Barrington Research reiterated a “market perform” rating and set a $18.61 target price on shares of Cross Country Healthcare in a research report on Tuesday, June 17th. Wall Street Zen upgraded Cross Country Healthcare to a “hold” rating in a research report on Saturday, August 9th. Six investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.93.

Cross Country Healthcare Stock Performance

Shares of NASDAQ:CCRN opened at $13.54 on Monday. The company has a market cap of $443.57 million, a P/E ratio of -52.08, a PEG ratio of 8.08 and a beta of 0.38. Cross Country Healthcare, Inc. has a one year low of $9.58 and a one year high of $18.33. The business’s 50-day simple moving average is $13.23 and its 200 day simple moving average is $13.70.

Cross Country Healthcare (NASDAQ:CCRN) last announced its earnings results on Wednesday, August 6th. The business services provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.08). The company had revenue of $274.07 million for the quarter, compared to analysts’ expectations of $292.67 million. Cross Country Healthcare had a negative net margin of 0.70% and a positive return on equity of 1.72%. Analysts predict that Cross Country Healthcare, Inc. will post 0.53 earnings per share 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.