State of Wyoming Acquires 24,227 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

State of Wyoming lifted its holdings in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 90.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 51,019 shares of the business services provider’s stock after purchasing an additional 24,227 shares during the period. State of Wyoming owned about 0.16% of Cross Country Healthcare worth $927,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Zweig DiMenna Associates LLC bought a new stake in Cross Country Healthcare in the 4th quarter worth $6,841,000. ABC Arbitrage SA bought a new stake in Cross Country Healthcare in the 4th quarter worth $3,038,000. Ieq Capital LLC bought a new stake in Cross Country Healthcare in the 4th quarter worth $231,000. Wolverine Asset Management LLC bought a new stake in Cross Country Healthcare in the 4th quarter worth $1,109,000. Finally, Olympiad Research LP bought a new stake in Cross Country Healthcare in the 4th quarter worth $1,520,000. Institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Trading Up 0.3%

Shares of CCRN opened at $13.99 on Friday. The firm’s 50-day moving average price is $14.40 and its 200-day moving average price is $15.50. The firm has a market capitalization of $458.63 million, a price-to-earnings ratio of -279.74, a PEG ratio of 3.32 and a beta of 0.38. Cross Country Healthcare, Inc. has a 1-year low of $9.58 and a 1-year high of $18.50.

Cross Country Healthcare (NASDAQ:CCRN) last announced its earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Cross Country Healthcare had a negative net margin of 0.12% and a positive return on equity of 5.38%. Cross Country Healthcare’s revenue was down 22.6% on a year-over-year basis. During the same quarter last year, the business posted $0.19 EPS. On average, research analysts forecast that Cross Country Healthcare, Inc. will post 0.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CCRN has been the topic of a number of recent analyst reports. UBS Group cut their price target on shares of Cross Country Healthcare from $18.61 to $16.50 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. StockNews.com initiated coverage on shares of Cross Country Healthcare in a report on Thursday. They issued a “hold” rating on the stock. Barrington Research reaffirmed a “market perform” rating and set a $18.61 target price on shares of Cross Country Healthcare in a research note on Friday, March 14th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Cross Country Healthcare has an average rating of “Hold” and an average price target of $17.93.

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.