Boston Partners lessened its holdings in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 27.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,399 shares of the business services provider’s stock after selling 26,131 shares during the quarter. Boston Partners owned approximately 0.18% of Cross Country Healthcare worth $694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of CCRN. Sio Capital Management LLC bought a new position in Cross Country Healthcare in the 2nd quarter worth $2,427,000. Russell Investments Group Ltd. grew its holdings in Cross Country Healthcare by 784.4% during the second quarter. Russell Investments Group Ltd. now owns 263,552 shares of the business services provider’s stock valued at $2,471,000 after purchasing an additional 233,752 shares during the period. Jacobs Levy Equity Management Inc. increased its position in Cross Country Healthcare by 481.4% in the second quarter. Jacobs Levy Equity Management Inc. now owns 260,315 shares of the business services provider’s stock worth $2,442,000 after buying an additional 215,541 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in Cross Country Healthcare in the second quarter worth about $1,871,000. Finally, Vanguard Group Inc. raised its stake in shares of Cross Country Healthcare by 7.0% in the second quarter. Vanguard Group Inc. now owns 2,429,399 shares of the business services provider’s stock worth $22,788,000 after buying an additional 159,036 shares during the period. 95.25% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on CCRN shares. Zacks Investment Research upgraded Cross Country Healthcare from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective for the company in a research note on Tuesday, October 1st. ValuEngine lowered shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, BidaskClub cut shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a research note on Tuesday. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Cross Country Healthcare presently has a consensus rating of “Buy” and a consensus price target of $10.00.
Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.04. Cross Country Healthcare had a positive return on equity of 1.30% and a negative net margin of 9.44%. The business had revenue of $209.20 million during the quarter, compared to analyst estimates of $202.60 million. During the same quarter in the prior year, the business posted $0.02 EPS. Cross Country Healthcare’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities research analysts predict that Cross Country Healthcare, Inc. will post 0.14 earnings per share for the current year.
In other Cross Country Healthcare news, Director W Larry Cash purchased 5,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were bought at an average cost of $12.39 per share, with a total value of $61,950.00. Following the acquisition, the director now owns 139,306 shares in the company, valued at $1,726,001.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Christopher R. Pizzi sold 8,379 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $12.45, for a total value of $104,318.55. Following the completion of the transaction, the chief accounting officer now owns 42,131 shares of the company’s stock, valued at $524,530.95. The disclosure for this sale can be found here. Corporate insiders own 3.80% of the company’s stock.
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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