Credit Industriel ET Commercial Acquires 63,000 Shares of Cross Country Healthcare, Inc. $CCRN

Credit Industriel ET Commercial boosted its stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 89.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 133,106 shares of the business services provider’s stock after acquiring an additional 63,000 shares during the period. Credit Industriel ET Commercial owned 0.41% of Cross Country Healthcare worth $1,737,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CCRN. Alliancebernstein L.P. boosted its holdings in shares of Cross Country Healthcare by 82.4% during the 1st quarter. Alliancebernstein L.P. now owns 2,343,484 shares of the business services provider’s stock valued at $34,894,000 after purchasing an additional 1,058,544 shares during the last quarter. Alpine Associates Management Inc. increased its holdings in shares of Cross Country Healthcare by 115.6% in the first quarter. Alpine Associates Management Inc. now owns 1,252,524 shares of the business services provider’s stock worth $18,650,000 after purchasing an additional 671,492 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Cross Country Healthcare by 56.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,095,178 shares of the business services provider’s stock worth $16,307,000 after buying an additional 397,216 shares in the last quarter. Pacer Advisors Inc. bought a new position in Cross Country Healthcare during the first quarter valued at approximately $5,853,000. Finally, Hsbc Holdings PLC boosted its stake in 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 buying an additional 379,683 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors.

Cross Country Healthcare Price Performance

Shares of NASDAQ CCRN opened at $12.37 on Friday. Cross Country Healthcare, Inc. has a 1 year low of $9.58 and a 1 year high of $18.33. The firm has a 50-day simple moving average of $13.05 and a two-hundred day simple moving average of $13.24. The company has a market cap of $405.24 million, a P/E ratio of -47.58, a PEG ratio of 8.87 and a beta of 0.45.

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CCRN shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cross Country Healthcare in a research note on Wednesday, October 8th. Wall Street Zen upgraded Cross Country Healthcare to a “hold” rating in a research report on Saturday, August 9th. Six equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $17.91.

Cross Country Healthcare Company 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.