Royce & Associates LP bought a new position in Cross Country Healthcare, Inc. (NASDAQ:CCRN – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 395,995 shares of the business services provider’s stock, valued at approximately $3,208,000. Royce & Associates LP owned about 1.21% of Cross Country Healthcare as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the stock. BNP Paribas Financial Markets grew its holdings in shares of Cross Country Healthcare by 50.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,424 shares of the business services provider’s stock worth $45,000 after acquiring an additional 1,142 shares during the last quarter. Gabelli Funds LLC grew its holdings in shares of Cross Country Healthcare by 0.4% in the 4th quarter. Gabelli Funds LLC now owns 368,632 shares of the business services provider’s stock worth $2,986,000 after acquiring an additional 1,348 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Cross Country Healthcare by 3.1% in the 2nd quarter. Bank of America Corp DE now owns 73,321 shares of the business services provider’s stock worth $957,000 after acquiring an additional 2,198 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Cross Country Healthcare by 422.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,586 shares of the business services provider’s stock worth $47,000 after acquiring an additional 2,899 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Cross Country Healthcare by 3.6% in the 2nd quarter. First Trust Advisors LP now owns 99,560 shares of the business services provider’s stock worth $1,299,000 after acquiring an additional 3,486 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on CCRN shares. Weiss Ratings upgraded Cross Country Healthcare from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. Cross Research set a $14.00 target price on Cross Country Healthcare in a report on Thursday, March 5th. Citizens Jmp cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 7th. Citigroup cut Cross Country Healthcare from a “market outperform” rating to a “market perform” rating in a report on Thursday, May 7th. Finally, Benchmark cut Cross Country Healthcare from a “buy” rating to a “hold” rating in a report on Friday, May 8th. Nine research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $12.72.
Cross Country Healthcare Price Performance
Shares of Cross Country Healthcare stock opened at $13.09 on Friday. The stock has a market cap of $423.20 million, a PE ratio of -4.29, a price-to-earnings-growth ratio of 13.43 and a beta of 0.35. The business has a fifty day simple moving average of $10.90 and a 200-day simple moving average of $9.74. Cross Country Healthcare, Inc. has a 12 month low of $7.43 and a 12 month high of $14.99.
Cross Country Healthcare (NASDAQ:CCRN – Get Free Report) last issued its earnings results on Thursday, May 7th. The business services provider reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. The business had revenue of $241.06 million during the quarter, compared to analysts’ expectations of $237.07 million. Cross Country Healthcare had a negative return on equity of 0.74% and a negative net margin of 9.84%. Analysts expect that Cross Country Healthcare, Inc. will post 0.1 EPS for the current fiscal year.
About Cross Country Healthcare
Cross Country Healthcare, Inc, headquartered in Boca Raton, Florida, is a leading provider of healthcare workforce solutions in the United States. The company specializes in the recruitment, placement and management of nursing and allied health professionals on both a travel and permanent basis. Through its integrated platform, Cross Country Healthcare serves hospitals, health systems, and long-term care facilities by matching qualified clinical talent with patient care needs across diverse care settings.
The company’s core service offerings include travel nurse and allied health staffing, per diem staffing, permanent placement services, and managed services programs.
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