1 week Ago By ABMN Staff
Foundry Partners LLC trimmed its stake in Cross Country Healthcare, Inc. ( NASDAQ:CCRN – Free Report ) by 74.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The fund owned 70,245 shares of the business services provider’s stock after selling 207,926 shares during the period. Foundry Partners LLC owned approximately 0.20% of Cross Country Healthcare worth $972,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. nVerses Capital LLC purchased a new position in Cross Country Healthcare in the 2nd quarter worth $50,000. GAMMA Investing LLC boosted its holdings in Cross Country Healthcare by 622.
4% during the 2nd quarter. GAMMA Investing LLC now owns 5,678 shares of the business services provider’s stock valued at $79,000 after acquiring an additional 4,892 shares during the period. Denali Advisors LLC grew its position in Cross Country Healthcare by 3,885.
5% during the 1st quarter. Denali Advisors LLC now owns 5,500 shares of the business services provider’s stock worth $103,000 after acquiring an additional 5,362 shares during the last quarter. EMC Capital Management bought a new position in Cross Country Healthcare during the 1st quarter worth approximately $155,000.
Finally, Versor Investments LP lifted its position in Cross Country Healthcare by 20.4% in the second quarter. Versor Investments LP now owns 12,400 shares of the business services provider’s stock valued at $172,000 after purchasing an additional 2,100 shares during the last quarter.
96.03% of the stock is currently owned by institutional investors. Analyst Upgrades and Downgrades CCRN has been the subject of a number of recent analyst reports.
Truist Financial upped their price target on shares of Cross Country Healthcare from $16.00 to $17.00 and gave the company a “hold” rating in a report on Thursday, August 1st.
Barrington Research dropped their target price on shares of Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Thursday, August 8th.
Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Cross Country Healthcare presently has an average rating of “Hold” and an average target price of $19.60.
Cross Country Healthcare Price Performance Shares of Cross Country Healthcare stock opened at $13.59 on Friday. Cross Country Healthcare, Inc.
has a 1-year low of $12.87 and a 1-year high of $25.76.
The company’s fifty day simple moving average is $14.97 and its 200-day simple moving average is $15.97.
The stock has a market capitalization of $472.58 million, a PE ratio of 10.45, a P/E/G ratio of 2.
89 and a beta of 0.63. Cross Country Healthcare ( NASDAQ:CCRN – Get Free Report ) last posted its quarterly earnings data 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). Cross Country Healthcare had a return on equity of 7.29% and a net margin of 0.
54%. The company had revenue of $339.77 million during the quarter, compared to the consensus estimate of $334.
75 million. During the same period last year, the business earned $0.69 EPS.
The firm’s quarterly revenue was down 37.2% compared to the same quarter last year. As a group, research analysts anticipate that Cross Country Healthcare, Inc.
will post 0.52 EPS for the current year. Insiders Place Their Bets In related news, insider Karen Mote sold 13,829 shares of Cross Country Healthcare stock in a transaction 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 transaction, the insider now owns 24,696 shares in the company, valued at approximately $421,807.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link .
In other news, VP Cynthia Ann Grieco sold 1,945 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $17.21, for a total value of $33,473.
45. Following the transaction, the vice president now owns 7,605 shares of the company’s stock, valued at $130,882.05.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . Also, insider Karen Mote sold 13,829 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 24,696 shares of the company’s stock, valued at $421,807.
68. The disclosure for this sale can be found here . Company insiders own 4.
90% of the company’s stock. Cross Country Healthcare Company Profile ( Free Report ) 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.
See Also Want to see what other hedge funds are holding CCRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cross Country Healthcare, Inc. ( NASDAQ:CCRN – Free Report ).
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