Cross Country Healthcare, Inc. (NASDAQ:CCRN) Stock Position Increased by AQR Capital Management LLC

AQR Capital Management LLC grew its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 39.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 322,483 shares of the business services provider’s stock after purchasing an additional 92,011 shares during the period. AQR Capital Management LLC owned approximately 0.93% of Cross Country Healthcare worth $4,463,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Squarepoint Ops LLC acquired a new stake in Cross Country Healthcare in the 2nd quarter valued at approximately $174,000. Public Sector Pension Investment Board grew its stake in shares of Cross Country Healthcare by 4.9% in the second quarter. Public Sector Pension Investment Board now owns 71,927 shares of the business services provider’s stock worth $995,000 after purchasing an additional 3,356 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Cross Country Healthcare by 3.8% during the second quarter. Pacer Advisors Inc. now owns 4,550,848 shares of the business services provider’s stock valued at $62,984,000 after purchasing an additional 165,032 shares during the period. Hsbc Holdings PLC raised its stake in shares of Cross Country Healthcare by 29.9% during the second quarter. Hsbc Holdings PLC now owns 27,632 shares of the business services provider’s stock valued at $377,000 after purchasing an additional 6,359 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Cross Country Healthcare by 225.5% in the second quarter. Renaissance Technologies LLC now owns 92,509 shares of the business services provider’s stock worth $1,280,000 after purchasing an additional 64,091 shares during the period. Institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Trading Down 4.2 %

Shares of NASDAQ CCRN opened at $12.24 on Friday. Cross Country Healthcare, Inc. has a twelve month low of $12.00 and a twelve month high of $25.62. The firm has a 50-day moving average of $14.67 and a two-hundred day moving average of $15.37. The company has a market capitalization of $425.63 million, a price-to-earnings ratio of 9.42, a PEG ratio of 2.72 and a beta of 0.63.

Cross Country Healthcare (NASDAQ:CCRN) last released its earnings results on Wednesday, July 31st. The business services provider reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04). The business had revenue of $339.77 million for the quarter, compared to analyst estimates of $334.75 million. Cross Country Healthcare had a net margin of 0.54% and a return on equity of 7.29%. The firm’s revenue for the quarter was down 37.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.69 earnings per share. As a group, research analysts predict that Cross Country Healthcare, Inc. will post 0.52 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Karen Mote sold 13,829 shares of the 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 transaction, the insider now owns 24,696 shares in the company, valued at $421,807.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction of $33,473.45. Following the sale, the vice president now owns 7,605 shares in the company, valued at $130,882.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Karen Mote sold 13,829 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $17.08, for a total transaction of $236,199.32. Following the completion of the sale, the insider now owns 24,696 shares of the company’s stock, valued at approximately $421,807.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.90% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barrington Research lowered their target price on shares of 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. Truist Financial raised their price objective on shares of Cross Country Healthcare from $16.00 to $17.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus 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.