Dana Investment Advisors Inc. Boosts Stock Holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Dana Investment Advisors Inc. grew its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 34.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 404,370 shares of the business services provider’s stock after acquiring an additional 104,136 shares during the quarter. Dana Investment Advisors Inc. owned about 1.16% of Cross Country Healthcare worth $5,596,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. SummerHaven Investment Management LLC raised its stake in Cross Country Healthcare by 3.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 28,376 shares of the business services provider’s stock valued at $393,000 after purchasing an additional 1,032 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Cross Country Healthcare by 0.7% during the second quarter. Raymond James & Associates now owns 165,324 shares of the business services provider’s stock worth $2,288,000 after buying an additional 1,155 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Cross Country Healthcare by 9.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,639 shares of the business services provider’s stock valued at $312,000 after buying an additional 1,450 shares during the last quarter. Versor Investments LP lifted its stake 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 worth $172,000 after buying an additional 2,100 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its position in Cross Country Healthcare by 4.9% during the second quarter. Public Sector Pension Investment Board now owns 71,927 shares of the business services provider’s stock worth $995,000 after acquiring an additional 3,356 shares during the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

Cross Country Healthcare Price Performance

Cross Country Healthcare stock opened at $13.10 on Wednesday. The firm has a 50 day simple moving average of $14.93 and a 200-day simple moving average of $15.50. The stock has a market cap of $455.54 million, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 2.72 and a beta of 0.63. Cross Country Healthcare, Inc. has a 1-year low of $12.78 and a 1-year high of $25.65.

Cross Country Healthcare (NASDAQ:CCRN) last posted its earnings results 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 for the quarter, compared to analyst estimates of $334.75 million. During the same period last year, the business earned $0.69 EPS. Cross Country Healthcare’s revenue was down 37.2% compared to the same quarter last year. Equities analysts expect that Cross Country Healthcare, Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on CCRN shares. Truist Financial increased their price objective on shares of 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 target on Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.60.

Insider Activity at Cross Country Healthcare

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

Cross Country Healthcare Company 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.