Victory Capital Management Inc. Grows Stock Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Victory Capital Management Inc. increased its stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 15.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 136,075 shares of the business services provider’s stock after buying an additional 18,152 shares during the quarter. Victory Capital Management Inc. owned about 0.39% of Cross Country Healthcare worth $1,883,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. nVerses Capital LLC purchased a new position in shares of Cross Country Healthcare in the 2nd quarter valued at about $50,000. Denali Advisors LLC boosted its stake in Cross Country Healthcare by 3,885.5% during the first quarter. Denali Advisors LLC now owns 5,500 shares of the business services provider’s stock worth $103,000 after buying an additional 5,362 shares during the period. GAMMA Investing LLC raised its holdings in shares of Cross Country Healthcare by 622.4% in the 2nd quarter. GAMMA Investing LLC now owns 5,678 shares of the business services provider’s stock valued at $79,000 after buying an additional 4,892 shares during the period. EMC Capital Management purchased a new stake in Cross Country Healthcare during the 1st quarter worth approximately $155,000. Finally, Bayesian Capital Management LP purchased a new position in Cross Country Healthcare in the first quarter valued at $195,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Insider Activity

In other Cross Country Healthcare news, insider Karen Mote sold 13,829 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $17.08, for a total transaction of $236,199.32. Following the sale, the insider now directly owns 24,696 shares of the company’s stock, valued at approximately $421,807.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Cynthia Ann Grieco sold 1,945 shares of Cross Country Healthcare stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $17.21, for a total value of $33,473.45. Following the transaction, the vice president now owns 7,605 shares in the company, valued at $130,882.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Karen Mote sold 13,829 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $17.08, for a total value of $236,199.32. Following the sale, the insider now owns 24,696 shares of the company’s stock, valued at $421,807.68. The disclosure for this sale can be found here. Company insiders own 4.90% of the company’s stock.

Analysts Set New Price Targets

CCRN has been the topic of several recent analyst reports. Truist Financial increased their target price on Cross Country Healthcare from $16.00 to $17.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Barrington Research cut their price objective on shares of Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $19.60.

Cross Country Healthcare Price Performance

Cross Country Healthcare stock opened at $14.81 on Thursday. Cross Country Healthcare, Inc. has a 12 month low of $12.87 and a 12 month high of $25.76. The stock has a market capitalization of $515.00 million, a PE ratio of 11.39, a price-to-earnings-growth ratio of 2.61 and a beta of 0.63. The business has a 50 day simple moving average of $15.06 and a 200-day simple moving average of $15.75.

Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.04). Cross Country Healthcare had a return on equity of 7.29% and a net margin of 0.54%. The business had revenue of $339.77 million during the quarter, compared to analysts’ expectations of $334.75 million. During the same quarter in the previous year, the company posted $0.69 EPS. The company’s revenue was down 37.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Cross Country Healthcare, Inc. will post 0.52 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.