Groupe la Francaise Grows Position in Cross Country Healthcare, Inc. $CCRN

Groupe la Francaise raised its holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 77.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 186,159 shares of the business services provider’s stock after acquiring an additional 81,000 shares during the quarter. Groupe la Francaise owned 0.57% of Cross Country Healthcare worth $2,429,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CCRN. Carlson Capital L.P. grew its position in Cross Country Healthcare by 42.9% during the second quarter. Carlson Capital L.P. now owns 100,000 shares of the business services provider’s stock worth $1,305,000 after buying an additional 30,000 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Cross Country Healthcare by 175.0% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 165,016 shares of the business services provider’s stock worth $2,153,000 after acquiring an additional 105,016 shares in the last quarter. AlphaQuest LLC grew its holdings in shares of Cross Country Healthcare by 302.3% in the 2nd quarter. AlphaQuest LLC now owns 33,382 shares of the business services provider’s stock worth $436,000 after acquiring an additional 25,085 shares during the period. Vident Advisory LLC purchased a new position in Cross Country Healthcare in the 1st quarter valued at approximately $392,000. Finally, Credit Industriel ET Commercial increased its stake in Cross Country Healthcare by 89.9% in the 2nd quarter. Credit Industriel ET Commercial now owns 133,106 shares of the business services provider’s stock valued at $1,737,000 after purchasing an additional 63,000 shares in the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on CCRN. Weiss Ratings reiterated a “sell (e+)” rating on shares of Cross Country Healthcare in a research report on Monday. Benchmark reiterated a “hold” rating on shares of Cross Country Healthcare in a research report on Friday, November 14th. Finally, Wall Street Zen raised shares of Cross Country Healthcare to a “hold” rating in a research note on Saturday, August 9th. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $17.91.

Cross Country Healthcare Price Performance

Shares of NASDAQ CCRN opened at $9.45 on Thursday. The company has a market cap of $309.58 million, a PE ratio of -19.29, a price-to-earnings-growth ratio of 10.23 and a beta of 0.42. Cross Country Healthcare, Inc. has a 12 month low of $9.15 and a 12 month high of $18.33. The company has a 50-day simple moving average of $12.23 and a 200-day simple moving average of $12.89.

Cross Country Healthcare (NASDAQ:CCRN) last announced its quarterly earnings data on Wednesday, November 12th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $250.05 million for the quarter, compared to analysts’ expectations of $270.72 million. Cross Country Healthcare had a negative net margin of 1.39% and a positive return on equity of 0.95%. On average, 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.