Two Sigma Advisers LP lowered its holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 21.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,626 shares of the business services provider’s stock after selling 13,900 shares during the quarter. Two Sigma Advisers LP owned about 0.14% of Cross Country Healthcare worth $659,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Systematic Financial Management LP grew its position in Cross Country Healthcare by 86.9% in the 4th quarter. Systematic Financial Management LP now owns 188,282 shares of the business services provider’s stock valued at $2,402,000 after purchasing an additional 87,557 shares during the period. Teacher Retirement System of Texas acquired a new stake in Cross Country Healthcare in the 4th quarter valued at $162,000. Royce & Associates LP grew its position in Cross Country Healthcare by 12.2% in the 4th quarter. Royce & Associates LP now owns 962,381 shares of the business services provider’s stock valued at $12,280,000 after purchasing an additional 104,706 shares during the period. Rhumbline Advisers grew its position in Cross Country Healthcare by 17.6% in the 4th quarter. Rhumbline Advisers now owns 84,226 shares of the business services provider’s stock valued at $1,075,000 after purchasing an additional 12,621 shares during the period. Finally, BlackRock Inc. grew its position in Cross Country Healthcare by 4.7% in the 4th quarter. BlackRock Inc. now owns 4,588,476 shares of the business services provider’s stock valued at $58,548,000 after purchasing an additional 204,515 shares during the period. 95.19% of the stock is owned by institutional investors and hedge funds.
CCRN opened at $12.08 on Thursday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.39. The firm has a market cap of $422.31, a price-to-earnings ratio of 19.15, a PEG ratio of 2.08 and a beta of 0.91. Cross Country Healthcare, Inc. has a 1 year low of $9.07 and a 1 year high of $15.09.
Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings data on Wednesday, February 28th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.02). The firm had revenue of $219.67 million for the quarter, compared to analysts’ expectations of $225.60 million. Cross Country Healthcare had a return on equity of 10.24% and a net margin of 4.34%. Cross Country Healthcare’s revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. analysts expect that Cross Country Healthcare, Inc. will post 0.5 EPS for the current fiscal year.
Several research firms recently issued reports on CCRN. TheStreet downgraded shares of Cross Country Healthcare from a “b” rating to a “c+” rating in a research report on Monday, April 9th. Barrington Research began coverage on shares of Cross Country Healthcare in a research report on Wednesday. They issued an “outperform” rating and a $15.00 price target for the company. BidaskClub raised shares of Cross Country Healthcare from a “hold” rating to a “buy” rating in a research report on Saturday, April 7th. BMO Capital Markets reissued an “outperform” rating and issued a $13.00 price target (down previously from $14.00) on shares of Cross Country Healthcare in a research report on Tuesday, March 6th. Finally, Cantor Fitzgerald downgraded shares of Cross Country Healthcare from an “overweight” rating to a “neutral” rating in a research report on Friday, March 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $15.13.
In other news, CEO William J. Grubbs acquired 10,000 shares of the business’s stock in a transaction on Monday, March 5th. The shares were purchased at an average cost of $11.18 per share, with a total value of $111,800.00. Following the acquisition, the chief executive officer now directly owns 353,741 shares of the company’s stock, valued at $3,954,824.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director W Larry Cash acquired 5,000 shares of the business’s stock in a transaction on Monday, March 5th. The shares were purchased at an average cost of $11.23 per share, for a total transaction of $56,150.00. Following the completion of the acquisition, the director now directly owns 113,580 shares in the company, valued at $1,275,503.40. The disclosure for this purchase can be found here. 3.40% of the stock is owned by insiders.
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Cross Country Healthcare Company 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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