Pacer Advisors Inc. Boosts Holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Pacer Advisors Inc. lifted its stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 3.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,550,848 shares of the business services provider’s stock after buying an additional 165,032 shares during the quarter. Pacer Advisors Inc. owned about 13.09% of Cross Country Healthcare worth $62,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Cross Country Healthcare by 4.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 421,576 shares of the business services provider’s stock worth $9,544,000 after acquiring an additional 19,689 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Cross Country Healthcare by 20.5% during the fourth quarter. BNP Paribas Financial Markets now owns 34,061 shares of the business services provider’s stock valued at $771,000 after purchasing an additional 5,784 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Cross Country Healthcare by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,256,832 shares of the business services provider’s stock worth $51,095,000 after purchasing an additional 76,954 shares during the period. Assetmark Inc. raised its holdings in Cross Country Healthcare by 78.8% in the fourth quarter. Assetmark Inc. now owns 53,127 shares of the business services provider’s stock worth $1,203,000 after purchasing an additional 23,416 shares in the last quarter. Finally, Quantedge Capital Pte Ltd lifted its position in Cross Country Healthcare by 46.2% during the fourth quarter. Quantedge Capital Pte Ltd now owns 213,991 shares of the business services provider’s stock valued at $4,845,000 after buying an additional 67,591 shares during the period. 96.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Karen Mote sold 13,829 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $17.08, for a total transaction of $236,199.32. Following the sale, the insider now owns 24,696 shares of the company’s stock, valued at approximately $421,807.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, VP Cynthia Ann Grieco sold 1,945 shares of the company’s stock in a transaction on 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 SEC, which can be accessed through this hyperlink. Also, insider Karen Mote sold 13,829 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $17.08, for a total value of $236,199.32. Following the completion of the transaction, the insider now directly owns 24,696 shares in the company, valued at $421,807.68. The disclosure for this sale can be found here. 4.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CCRN has been the subject of several research reports. Truist Financial increased their price target on shares of Cross Country Healthcare from $16.00 to $17.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Barrington Research decreased 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 research note on Thursday, August 8th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cross Country Healthcare presently has an average rating of “Hold” and a consensus target price of $19.60.

Cross Country Healthcare Stock Down 2.9 %

Shares of NASDAQ CCRN opened at $14.53 on Friday. The firm has a market cap of $505.27 million, a P/E ratio of 11.18, a PEG ratio of 2.61 and a beta of 0.63. Cross Country Healthcare, Inc. has a twelve month low of $12.87 and a twelve month high of $25.76. The company has a 50 day moving average of $15.10 and a 200 day moving average of $15.71.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.04). The business 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 firm’s revenue for the quarter was down 37.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.69 EPS. As a group, equities analysts expect 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.