Algert Global LLC Purchases 4,751 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Algert Global LLC lifted its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 8.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,174 shares of the business services provider’s stock after acquiring an additional 4,751 shares during the period. Algert Global LLC owned 0.18% of Cross Country Healthcare worth $860,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. nVerses Capital LLC bought a new position in shares of Cross Country Healthcare in the 2nd quarter worth approximately $50,000. GAMMA Investing LLC grew its stake in shares of Cross Country Healthcare by 622.4% in the second quarter. GAMMA Investing LLC now owns 5,678 shares of the business services provider’s stock worth $79,000 after acquiring an additional 4,892 shares during the last quarter. Denali Advisors LLC increased its holdings in shares of Cross Country Healthcare by 3,885.5% during 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 in the last quarter. EMC Capital Management purchased a new position in shares of Cross Country Healthcare in the 1st quarter worth about $155,000. Finally, Versor Investments LP boosted its stake in Cross Country Healthcare by 20.4% in the 2nd quarter. Versor Investments LP now owns 12,400 shares of the business services provider’s stock worth $172,000 after purchasing an additional 2,100 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Stock Down 4.2 %

Shares of NASDAQ CCRN opened at $12.24 on Friday. The firm’s 50-day moving average price is $14.67 and its 200-day moving average price is $15.37. Cross Country Healthcare, Inc. has a 52-week low of $12.00 and a 52-week high of $25.62. The company has a market cap of $425.63 million, a PE ratio of 9.42, a PEG ratio of 2.72 and a beta of 0.63.

Cross Country Healthcare (NASDAQ:CCRN) last issued 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 company had revenue of $339.77 million during the quarter, compared to analysts’ expectations of $334.75 million. Cross Country Healthcare had a return on equity of 7.29% and a net margin of 0.54%. The company’s revenue for the quarter was down 37.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.69 EPS. As a group, equities research analysts anticipate that Cross Country Healthcare, Inc. will post 0.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on CCRN. Barrington Research reduced their price objective on shares of Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Truist Financial raised their price target on shares of Cross Country Healthcare from $16.00 to $17.00 and gave the company a “hold” rating in a research report 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. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $19.60.

Insiders Place Their Bets

In other 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 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 $421,807.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Karen Mote sold 13,829 shares of the firm’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 value of $236,199.32. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Cynthia Ann Grieco sold 1,945 shares of the firm’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 directly owns 7,605 shares in the company, valued at approximately $130,882.05. The trade was 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.

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.