Oddo BHF Asset Management Sas cut its holdings in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN – Free Report) by 19.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,272,700 shares of the business services provider’s stock after selling 302,300 shares during the quarter. Oddo BHF Asset Management Sas owned about 3.88% of Cross Country Healthcare worth $10,309,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in CCRN. Goldman Sachs Group Inc. lifted its position in 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 worth $16,307,000 after buying an additional 397,216 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Cross Country Healthcare by 7.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 115,823 shares of the business services provider’s stock worth $1,725,000 after acquiring an additional 8,490 shares during the last quarter. Creative Planning acquired a new stake in Cross Country Healthcare during the second quarter worth about $367,000. JPMorgan Chase & Co. increased its stake in Cross Country Healthcare by 90.3% during the second quarter. JPMorgan Chase & Co. now owns 206,438 shares of the business services provider’s stock worth $2,694,000 after acquiring an additional 97,962 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in Cross Country Healthcare by 3.6% during the second 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 hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have commented on the company. Barrington Research restated a “market perform” rating and set a $13.25 price target on shares of Cross Country Healthcare in a research note on Monday, June 8th. Citizens Jmp lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 7th. Weiss Ratings upgraded Cross Country Healthcare from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Cross Research set a $14.00 price objective on Cross Country Healthcare in a research note on Thursday, March 5th. Finally, Benchmark lowered Cross Country Healthcare from a “buy” rating to a “hold” rating in a research note on Friday, May 8th. Nine equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $12.05.
Cross Country Healthcare Price Performance
Shares of NASDAQ CCRN opened at $13.17 on Tuesday. Cross Country Healthcare, Inc. has a fifty-two week low of $7.43 and a fifty-two week high of $14.99. The business has a 50 day moving average price of $11.71 and a two-hundred day moving average price of $9.85. The firm has a market cap of $425.79 million, a PE ratio of -4.32, a price-to-earnings-growth ratio of 14.24 and a beta of 0.45.
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 company had revenue of $241.06 million during the quarter, compared to analyst estimates of $237.07 million. Cross Country Healthcare had a negative return on equity of 0.74% and a negative net margin of 9.84%. On average, analysts anticipate that Cross Country Healthcare, Inc. will post 0.09 earnings per share for the current 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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