Sei Investments Co. Sells 4,965 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Sei Investments Co. lessened its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 3.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 133,898 shares of the business services provider’s stock after selling 4,965 shares during the quarter. Sei Investments Co. owned 0.39% of Cross Country Healthcare worth $1,853,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Wasatch Advisors LP increased its holdings in shares of Cross Country Healthcare by 74.3% in the fourth quarter. Wasatch Advisors LP now owns 2,193,604 shares of the business services provider’s stock worth $49,663,000 after buying an additional 934,841 shares during the period. Boston Partners purchased a new position in shares of Cross Country Healthcare in the first quarter worth about $2,511,000. BOKF NA purchased a new position in shares of Cross Country Healthcare in the first quarter worth about $247,000. Orion Portfolio Solutions LLC increased its holdings in shares of Cross Country Healthcare by 22.8% in the first quarter. Orion Portfolio Solutions LLC now owns 75,819 shares of the business services provider’s stock worth $1,419,000 after buying an additional 14,101 shares during the period. Finally, Blair William & Co. IL increased its holdings in shares of Cross Country Healthcare by 4.6% in the first quarter. Blair William & Co. IL now owns 82,815 shares of the business services provider’s stock worth $1,550,000 after buying an additional 3,621 shares during the period. Institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Price Performance

Shares of NASDAQ:CCRN opened at $12.24 on Friday. Cross Country Healthcare, Inc. has a 1 year low of $12.00 and a 1 year high of $25.62. The company has a market cap of $425.63 million, a PE ratio of 9.42, a P/E/G ratio of 2.72 and a beta of 0.63. The stock’s 50-day moving average is $14.67 and its 200 day moving average is $15.37.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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 was down 37.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 earnings per share. Analysts expect that Cross Country Healthcare, Inc. will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling at Cross Country Healthcare

In other Cross Country Healthcare news, insider Karen Mote sold 13,829 shares of Cross Country Healthcare 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 sale, the insider now directly owns 24,696 shares of the company’s stock, valued at approximately $421,807.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 stock was 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 $130,882.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Karen Mote sold 13,829 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $17.08, for a total value of $236,199.32. Following the completion of the sale, the insider now directly owns 24,696 shares in the company, valued at approximately $421,807.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.90% of the company’s stock.

Analysts Set New Price Targets

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

About Cross Country Healthcare

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.