Exchange Traded Concepts LLC Sells 52,470 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Exchange Traded Concepts LLC lessened its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 71.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,534 shares of the business services provider’s stock after selling 52,470 shares during the quarter. Exchange Traded Concepts LLC owned 0.06% of Cross Country Healthcare worth $276,000 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 CCRN. Allspring Global Investments Holdings LLC increased its stake in Cross Country Healthcare by 212.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,089 shares of the business services provider’s stock valued at $226,000 after acquiring an additional 8,225 shares during the last quarter. Denali Advisors LLC increased its stake in 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 acquiring an additional 5,362 shares during the last quarter. Empowered Funds LLC increased its stake in Cross Country Healthcare by 8.2% in the first quarter. Empowered Funds LLC now owns 113,290 shares of the business services provider’s stock valued at $2,121,000 after acquiring an additional 8,559 shares during the last quarter. Sei Investments Co. increased its stake in Cross Country Healthcare by 6.4% in the first quarter. Sei Investments Co. now owns 138,863 shares of the business services provider’s stock valued at $2,600,000 after acquiring an additional 8,362 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in Cross Country Healthcare by 40.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 13,875 shares of the business services provider’s stock valued at $260,000 after acquiring an additional 4,020 shares during the last quarter. Institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Trading Down 2.9 %

Shares of NASDAQ:CCRN opened at $12.87 on Monday. The stock has a market capitalization of $447.54 million, a P/E ratio of 9.90, a price-to-earnings-growth ratio of 2.37 and a beta of 0.63. Cross Country Healthcare, Inc. has a 12-month low of $12.00 and a 12-month high of $23.64. The stock’s 50-day moving average price is $13.81 and its 200-day moving average price is $14.93.

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). The business had revenue of $339.77 million during the quarter, compared to the consensus estimate of $334.75 million. Cross Country Healthcare had a return on equity of 7.29% and a net margin of 0.54%. The firm’s revenue for the quarter was down 37.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 earnings per share. As a group, research analysts predict that Cross Country Healthcare, Inc. will post 0.52 EPS for the current year.

Insider Buying and Selling

In related news, insider Karen Mote sold 13,829 shares of the firm’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 directly owns 24,696 shares of the company’s stock, valued at $421,807.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value 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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Cynthia Ann Grieco sold 1,945 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $17.21, for a total transaction of $33,473.45. Following the completion of the sale, the vice president now owns 7,605 shares of the company’s stock, valued at $130,882.05. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CCRN shares. Truist Financial raised their price objective on Cross Country Healthcare from $16.00 to $17.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Barrington Research reduced their price objective on Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cross Country Healthcare currently has a consensus rating of “Hold” and a consensus price target 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.