State of Wyoming Acquires 24,227 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

State of Wyoming increased its holdings in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 90.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,019 shares of the business services provider’s stock after acquiring an additional 24,227 shares during the period. State of Wyoming’s holdings in Cross Country Healthcare were worth $927,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of CCRN. Quadrant Capital Group LLC bought a new stake in Cross Country Healthcare during the fourth quarter worth about $25,000. Plato Investment Management Ltd purchased a new position in Cross Country Healthcare in the fourth quarter worth about $46,000. Mint Tower Capital Management B.V. purchased a new position in Cross Country Healthcare in the fourth quarter worth about $182,000. Guggenheim Capital LLC purchased a new position in Cross Country Healthcare in the fourth quarter worth about $201,000. Finally, Envestnet Asset Management Inc. purchased a new position in Cross Country Healthcare in the fourth quarter worth about $217,000. Institutional investors own 96.03% of the company’s stock.

Analyst Upgrades and Downgrades

CCRN has been the subject of several recent analyst reports. Barrington Research reaffirmed a “market perform” rating and issued a $18.61 target price on shares of Cross Country Healthcare in a report on Friday, March 14th. UBS Group decreased their target price on shares of Cross Country Healthcare from $18.61 to $16.50 and set a “neutral” rating for the company in a report on Tuesday, May 13th. StockNews.com initiated coverage on shares of Cross Country Healthcare in a report on Thursday. They issued a “hold” rating for the company. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $17.93.

Cross Country Healthcare Stock Up 0.3%

Shares of Cross Country Healthcare stock opened at $13.99 on Friday. The company has a market cap of $458.63 million, a price-to-earnings ratio of -279.74, a price-to-earnings-growth ratio of 3.32 and a beta of 0.38. The company’s 50 day moving average is $14.40 and its 200 day moving average is $15.50. Cross Country Healthcare, Inc. has a twelve month low of $9.58 and a twelve month high of $18.50.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Cross Country Healthcare had a negative net margin of 0.12% and a positive return on equity of 5.38%. The company’s revenue was down 22.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.19 EPS. Sell-side analysts expect that Cross Country Healthcare, Inc. will post 0.53 EPS 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.