American Century Companies Inc. Acquires 106,226 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

American Century Companies Inc. boosted its holdings in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 15.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 772,834 shares of the business services provider’s stock after purchasing an additional 106,226 shares during the period. American Century Companies Inc. owned about 2.22% of Cross Country Healthcare worth $10,696,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its stake in Cross Country Healthcare by 4.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 421,576 shares of the business services provider’s stock worth $9,544,000 after acquiring an additional 19,689 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Cross Country Healthcare by 20.5% in the 4th quarter. BNP Paribas Financial Markets now owns 34,061 shares of the business services provider’s stock worth $771,000 after purchasing an additional 5,784 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Cross Country Healthcare by 3.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,256,832 shares of the business services provider’s stock valued at $51,095,000 after purchasing an additional 76,954 shares in the last quarter. Assetmark Inc. increased its position in shares of Cross Country Healthcare by 78.8% during the fourth quarter. Assetmark Inc. now owns 53,127 shares of the business services provider’s stock valued at $1,203,000 after buying an additional 23,416 shares during the period. Finally, Quantedge Capital Pte Ltd increased its position in shares of Cross Country Healthcare by 46.2% during the fourth quarter. Quantedge Capital Pte Ltd now owns 213,991 shares of the business services provider’s stock valued at $4,845,000 after buying an additional 67,591 shares during the period. Institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Stock Performance

Shares of NASDAQ CCRN opened at $14.53 on Monday. The company has a 50 day simple moving average of $15.10 and a two-hundred day simple moving average of $15.69. Cross Country Healthcare, Inc. has a fifty-two week low of $12.87 and a fifty-two week high of $25.76. The company has a market capitalization of $505.27 million, a price-to-earnings ratio of 11.18, a P/E/G ratio of 2.61 and a beta of 0.63.

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 analysts’ consensus estimates of $0.14 by ($0.04). Cross Country Healthcare had a net margin of 0.54% and a return on equity of 7.29%. The company had revenue of $339.77 million for the quarter, compared to the consensus estimate of $334.75 million. During the same period last year, the business earned $0.69 EPS. The firm’s quarterly revenue was down 37.2% on a year-over-year basis. On average, analysts forecast that Cross Country Healthcare, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Karen Mote sold 13,829 shares of the company’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 transaction, the insider now owns 24,696 shares in the company, valued at approximately $421,807.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Cross Country Healthcare news, VP Cynthia Ann Grieco sold 1,945 shares of the stock in a transaction 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 sale, the vice president now directly owns 7,605 shares in the company, valued at approximately $130,882.05. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Karen Mote sold 13,829 shares of Cross Country Healthcare stock in a transaction 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 of the company’s stock, valued at approximately $421,807.68. The disclosure for this sale can be found here. Corporate insiders own 4.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on CCRN shares. Truist Financial lifted their price objective on Cross Country Healthcare from $16.00 to $17.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Barrington Research dropped their price target on 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. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.60.

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.