Cross Country Healthcare, Inc. (CCRN) Holdings Lifted by Systematic Financial Management LP

Systematic Financial Management LP boosted its holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 120.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 414,567 shares of the business services provider’s stock after purchasing an additional 226,285 shares during the quarter. Systematic Financial Management LP owned approximately 1.14% of Cross Country Healthcare worth $4,606,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Aperio Group LLC bought a new position in Cross Country Healthcare in the 1st quarter worth approximately $133,000. Renaissance Technologies LLC purchased a new stake in shares of Cross Country Healthcare during the 4th quarter worth approximately $156,000. Teacher Retirement System of Texas purchased a new stake in shares of Cross Country Healthcare during the 4th quarter worth approximately $162,000. MetLife Investment Advisors LLC purchased a new stake in shares of Cross Country Healthcare during the 4th quarter worth approximately $210,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Cross Country Healthcare during the 1st quarter worth approximately $275,000. Institutional investors and hedge funds own 95.62% of the company’s stock.

In related news, COO William J. Burns purchased 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 10th. The shares were bought at an average price of $11.92 per share, for a total transaction of $29,800.00. Following the acquisition, the chief operating officer now owns 144,378 shares of the company’s stock, valued at approximately $1,720,985.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William J. Grubbs purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The shares were bought at an average price of $11.18 per share, for a total transaction of $111,800.00. Following the acquisition, the chief executive officer now directly owns 353,741 shares in the company, valued at approximately $3,954,824.38. The disclosure for this purchase can be found here. Insiders have purchased a total of 22,500 shares of company stock worth $253,450 in the last 90 days. 3.40% of the stock is currently owned by insiders.

Several brokerages have recently issued reports on CCRN. ValuEngine raised Cross Country Healthcare from a “sell” rating to a “hold” rating in a report on Wednesday. Barrington Research reaffirmed a “buy” rating and set a $15.00 price objective on shares of Cross Country Healthcare in a report on Tuesday. Zacks Investment Research raised Cross Country Healthcare from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $11.00 price objective on shares of Cross Country Healthcare in a report on Monday, May 7th. Finally, Lake Street Capital cut Cross Country Healthcare from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $16.00 to $11.00 in a report on Thursday, May 3rd. Seven investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $13.89.

NASDAQ:CCRN opened at $12.25 on Friday. Cross Country Healthcare, Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $14.65. The firm has a market cap of $444.80 million, a P/E ratio of 20.08, a P/E/G ratio of 2.18 and a beta of 0.91. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.32 and a current ratio of 2.32.

Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings results on Wednesday, May 2nd. The business services provider reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. Cross Country Healthcare had a return on equity of 9.99% and a net margin of 4.74%. The company had revenue of $210.30 million for the quarter, compared to analyst estimates of $206.75 million. During the same quarter in the prior year, the firm posted $0.05 EPS. Cross Country Healthcare’s quarterly revenue was up 1.3% compared to the same quarter last year. sell-side analysts forecast that Cross Country Healthcare, Inc. will post 0.45 EPS for the current year.

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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Institutional Ownership by Quarter for Cross Country Healthcare (NASDAQ:CCRN)

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