Federated Hermes Inc. Cuts Holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Federated Hermes Inc. decreased its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 34.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,996 shares of the business services provider’s stock after selling 6,779 shares during the period. Federated Hermes Inc.’s holdings in Cross Country Healthcare were worth $180,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCRN. nVerses Capital LLC purchased a new position in Cross Country Healthcare in the second quarter valued at $50,000. GAMMA Investing LLC grew its position in shares of Cross Country Healthcare by 622.4% in the second quarter. GAMMA Investing LLC now owns 5,678 shares of the business services provider’s stock valued at $79,000 after purchasing an additional 4,892 shares during the period. Denali Advisors LLC grew its position in shares of Cross Country Healthcare by 3,885.5% in the first quarter. Denali Advisors LLC now owns 5,500 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 5,362 shares during the period. EMC Capital Management acquired a new stake in shares of Cross Country Healthcare in the first quarter valued at about $155,000. Finally, Versor Investments LP grew its position in shares of Cross Country Healthcare by 20.4% in the second quarter. Versor Investments LP now owns 12,400 shares of the business services provider’s stock valued at $172,000 after purchasing an additional 2,100 shares during the period. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Barrington Research dropped their target price on shares of Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Truist Financial boosted their price target on shares of Cross Country Healthcare from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $19.60.

Insider Buying and Selling at Cross Country Healthcare

In other Cross Country Healthcare news, VP Cynthia Ann Grieco sold 1,945 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $17.21, for a total value of $33,473.45. Following the transaction, the vice president now directly owns 7,605 shares in the company, valued at approximately $130,882.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Cynthia Ann Grieco sold 1,945 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $17.21, for a total value of $33,473.45. Following the sale, the vice president now directly owns 7,605 shares of the company’s stock, valued at approximately $130,882.05. The transaction 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 business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $17.08, for a total transaction of $236,199.32. Following the completion of the sale, the insider now directly owns 24,696 shares in the company, valued at $421,807.68. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by company insiders.

Cross Country Healthcare Price Performance

NASDAQ:CCRN opened at $13.70 on Wednesday. The firm has a market capitalization of $476.40 million, a price-to-earnings ratio of 10.54, a PEG ratio of 2.61 and a beta of 0.63. The company’s 50-day moving average is $15.07 and its two-hundred day moving average is $15.62. Cross Country Healthcare, Inc. has a 1-year low of $12.87 and a 1-year high of $25.76.

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