Rhumbline Advisers Lowers Holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Rhumbline Advisers lowered its holdings in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 2.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,939 shares of the business services provider’s stock after selling 3,287 shares during the quarter. Rhumbline Advisers owned approximately 0.31% of Cross Country Healthcare worth $1,508,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CCRN. Wasatch Advisors LP grew its holdings in Cross Country Healthcare by 74.3% during the 4th quarter. Wasatch Advisors LP now owns 2,193,604 shares of the business services provider’s stock valued at $49,663,000 after buying an additional 934,841 shares in the last quarter. Boston Partners bought a new position in shares of Cross Country Healthcare during the first quarter worth $2,511,000. Dimensional Fund Advisors LP grew its stake in Cross Country Healthcare by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,256,832 shares of the business services provider’s stock valued at $51,095,000 after acquiring an additional 76,954 shares in the last quarter. Quantedge Capital Pte Ltd increased its holdings in Cross Country Healthcare by 46.2% in the 4th quarter. Quantedge Capital Pte Ltd now owns 213,991 shares of the business services provider’s stock valued at $4,845,000 after acquiring an additional 67,591 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in Cross Country Healthcare by 78.8% in the 4th quarter. Assetmark Inc. now owns 53,127 shares of the business services provider’s stock worth $1,203,000 after purchasing an additional 23,416 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.

Insider Buying and Selling

In other Cross Country Healthcare news, VP Cynthia Ann Grieco sold 1,945 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $17.21, for a total transaction of $33,473.45. Following the transaction, the vice president now owns 7,605 shares in the company, valued at $130,882.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Cross Country Healthcare 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 transaction of $33,473.45. Following the completion of the transaction, the vice president now owns 7,605 shares in the company, valued at $130,882.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $236,199.32. Following the completion of the sale, the insider now 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 owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CCRN. Barrington Research cut their price objective on Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Truist Financial raised their price target on Cross Country Healthcare from $16.00 to $17.00 and gave the company a “hold” rating in a 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $19.60.

Cross Country Healthcare Trading Down 2.9 %

Shares of NASDAQ:CCRN opened at $14.53 on Friday. The company has a market cap of $505.27 million, a price-to-earnings ratio of 11.18, a PEG ratio of 2.61 and a beta of 0.63. Cross Country Healthcare, Inc. has a 12 month low of $12.87 and a 12 month high of $25.76. The company has a 50-day moving average price of $15.10 and a 200 day moving average price of $15.72.

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 (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.04). The company had revenue of $339.77 million during 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%. Cross Country Healthcare’s revenue for the quarter was down 37.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.69 earnings per share. As a group, equities analysts forecast that Cross Country Healthcare, Inc. will post 0.52 EPS for the current year.

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.