Strs Ohio raised its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 29.9% in the third quarter, Holdings Channel reports. The institutional investor owned 80,000 shares of the business services provider’s stock after purchasing an additional 18,400 shares during the period. Strs Ohio’s holdings in Cross Country Healthcare were worth $698,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of CCRN. Alambic Investment Management L.P. purchased a new position in Cross Country Healthcare in the 2nd quarter valued at about $122,000. Barclays PLC boosted its position in Cross Country Healthcare by 118.6% in the 1st quarter. Barclays PLC now owns 12,283 shares of the business services provider’s stock valued at $136,000 after buying an additional 6,665 shares during the last quarter. Jane Street Group LLC purchased a new position in Cross Country Healthcare in the 2nd quarter valued at about $138,000. SG Americas Securities LLC purchased a new position in Cross Country Healthcare in the 2nd quarter valued at about $177,000. Finally, Laurion Capital Management LP purchased a new position in Cross Country Healthcare in the 2nd quarter valued at about $219,000. 89.95% of the stock is owned by institutional investors.
A number of equities analysts have weighed in on the stock. BMO Capital Markets cut shares of Cross Country Healthcare from an “outperform” rating to a “market perform” rating and set a $13.00 price objective for the company. in a research report on Thursday, August 2nd. Zacks Investment Research raised shares of Cross Country Healthcare from a “sell” rating to a “hold” rating in a research report on Thursday, September 27th. BidaskClub cut shares of Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Saturday, September 22nd. Stephens began coverage on shares of Cross Country Healthcare in a research report on Tuesday, October 2nd. They set an “equal weight” rating on the stock. Finally, ValuEngine raised shares of Cross Country Healthcare from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $12.57.
Shares of CCRN stock opened at $9.22 on Thursday. The company has a current ratio of 2.24, a quick ratio of 2.33 and a debt-to-equity ratio of 0.35. Cross Country Healthcare, Inc. has a one year low of $7.41 and a one year high of $14.49. The stock has a market cap of $330.79 million, a PE ratio of 30.42, a P/E/G ratio of 3.91 and a beta of 0.74.
Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings results on Thursday, November 1st. The business services provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). Cross Country Healthcare had a return on equity of 4.43% and a net margin of 3.67%. The company had revenue of $200.72 million for the quarter, compared to the consensus estimate of $200.66 million. During the same period in the previous year, the business posted $0.23 EPS. The business’s revenue for the quarter was down 12.2% on a year-over-year basis. As a group, analysts anticipate that Cross Country Healthcare, Inc. will post 0.2 EPS for the current year.
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Cross Country Healthcare Profile
Cross Country Healthcare, Inc provides healthcare staffing, recruiting, and workforce solutions in the United States. The company operates in three segments: Nurse and Allied Staffing, Physician Staffing, and Other Human Capital Management Services. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, branch-based local nurses, and allied staffing; short-term staffing of registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and travel allied professionals on long-term contract assignments.
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