Squarepoint Ops LLC Invests $174,000 in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Squarepoint Ops LLC acquired a new position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 12,560 shares of the business services provider’s stock, valued at approximately $174,000.

Several other large investors have also modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its holdings in Cross Country Healthcare by 212.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,089 shares of the business services provider’s stock valued at $226,000 after buying an additional 8,225 shares during the period. Denali Advisors LLC raised its holdings in Cross Country Healthcare by 3,885.5% in the first quarter. Denali Advisors LLC now owns 5,500 shares of the business services provider’s stock valued at $103,000 after buying an additional 5,362 shares during the period. Empowered Funds LLC raised its holdings in Cross Country Healthcare by 8.2% in the first quarter. Empowered Funds LLC now owns 113,290 shares of the business services provider’s stock valued at $2,121,000 after buying an additional 8,559 shares during the period. Sei Investments Co. raised its holdings in Cross Country Healthcare by 6.4% in the first quarter. Sei Investments Co. now owns 138,863 shares of the business services provider’s stock valued at $2,600,000 after buying an additional 8,362 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its position in Cross Country Healthcare by 40.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 13,875 shares of the business services provider’s stock valued at $260,000 after acquiring an additional 4,020 shares in the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Cynthia Ann Grieco sold 1,945 shares of Cross Country Healthcare stock in a transaction dated Friday, August 2nd. The stock was 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 approximately $130,882.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Cross Country Healthcare news, VP Cynthia Ann Grieco sold 1,945 shares of Cross Country Healthcare 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 transaction, the vice president now owns 7,605 shares of the company’s stock, valued at $130,882.05. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Karen Mote sold 13,829 shares of Cross Country Healthcare stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $17.08, for a total value of $236,199.32. Following the transaction, the insider now directly owns 24,696 shares in the company, valued at approximately $421,807.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 4.90% of the stock is owned by company insiders.

Cross Country Healthcare Stock Up 1.2 %

Shares of NASDAQ CCRN opened at $12.33 on Monday. Cross Country Healthcare, Inc. has a fifty-two week low of $12.00 and a fifty-two week high of $23.64. The firm’s 50-day simple moving average is $14.15 and its 200 day simple moving average is $15.15. The stock has a market cap of $428.76 million, a P/E ratio of 9.48, a P/E/G ratio of 2.37 and a beta of 0.63.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). Cross Country Healthcare had a net margin of 0.54% and a return on equity of 7.29%. The company had revenue of $339.77 million for the quarter, compared to the consensus estimate of $334.75 million. During the same quarter in the prior year, the firm earned $0.69 earnings per share. Cross Country Healthcare’s revenue for the quarter was down 37.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Cross Country Healthcare, Inc. will post 0.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Barrington Research lowered their price objective on shares of 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. Truist Financial increased their price objective on shares of Cross Country Healthcare from $16.00 to $17.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Cross Country Healthcare currently has an average rating of “Hold” and an average price target of $19.60.

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.