Raymond James & Associates Acquires 1,155 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Raymond James & Associates increased its holdings in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 0.7% during the second quarter, HoldingsChannel reports. The firm owned 165,324 shares of the business services provider’s stock after buying an additional 1,155 shares during the period. Raymond James & Associates’ holdings in Cross Country Healthcare were worth $2,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wedge Capital Management L L P NC lifted its holdings in shares of Cross Country Healthcare by 11.3% during the second quarter. Wedge Capital Management L L P NC now owns 85,331 shares of the business services provider’s stock valued at $1,181,000 after purchasing an additional 8,678 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Cross Country Healthcare by 622.4% during the second quarter. GAMMA Investing LLC now owns 5,678 shares of the business services provider’s stock valued at $79,000 after purchasing an additional 4,892 shares in the last quarter. Boston Partners bought a new position in shares of Cross Country Healthcare during the first quarter valued at $2,511,000. EMC Capital Management bought a new position in shares of Cross Country Healthcare during the first quarter valued at $155,000. Finally, Comerica Bank increased its position in Cross Country Healthcare by 117.4% during the first quarter. Comerica Bank now owns 33,857 shares of the business services provider’s stock valued at $634,000 after acquiring an additional 18,281 shares during the last quarter. 96.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, VP Cynthia Ann Grieco sold 1,945 shares of the stock in a transaction dated 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 sale, the vice president now owns 7,605 shares in the company, valued at $130,882.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Karen Mote sold 13,829 shares of the stock in a transaction dated Friday, August 2nd. The stock was 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 in the company, valued at $421,807.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Cynthia Ann Grieco sold 1,945 shares of the stock in a transaction that occurred 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 directly owns 7,605 shares of the company’s stock, valued at $130,882.05. The disclosure for this sale can be found here. Company insiders own 4.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CCRN. Truist Financial upped their price objective on Cross Country Healthcare from $16.00 to $17.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Barrington Research reduced their price objective on Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $19.60.

Cross Country Healthcare Stock Down 1.3 %

Shares of CCRN opened at $14.92 on Tuesday. The business has a 50-day simple moving average of $14.92 and a two-hundred day simple moving average of $16.04. The stock has a market cap of $518.83 million, a price-to-earnings ratio of 11.48, a PEG ratio of 2.89 and a beta of 0.63. Cross Country Healthcare, Inc. has a 52 week low of $12.87 and a 52 week high of $26.17.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.10 EPS for the quarter, missing analysts’ consensus estimates 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 business’s quarterly revenue was down 37.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 EPS. On average, equities analysts anticipate that Cross Country Healthcare, Inc. will post 0.52 earnings per share for the current fiscal year.

Cross Country Healthcare Profile

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.