Cross Country Healthcare, Inc. $CCRN Shares Purchased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 175.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 165,016 shares of the business services provider’s stock after purchasing an additional 105,016 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Cross Country Healthcare were worth $2,153,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Alliancebernstein L.P. grew its position in shares of Cross Country Healthcare by 82.4% during the first quarter. Alliancebernstein L.P. now owns 2,343,484 shares of the business services provider’s stock worth $34,894,000 after buying an additional 1,058,544 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Cross Country Healthcare by 56.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,095,178 shares of the business services provider’s stock valued at $16,307,000 after acquiring an additional 397,216 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Cross Country Healthcare by 91.8% during the 1st quarter. Hsbc Holdings PLC now owns 793,258 shares of the business services provider’s stock valued at $11,859,000 after acquiring an additional 379,683 shares during the last quarter. OMERS ADMINISTRATION Corp grew its holdings in Cross Country Healthcare by 182.3% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 430,800 shares of the business services provider’s stock worth $6,415,000 after acquiring an additional 278,200 shares in the last quarter. Finally, Magnetar Financial LLC grew its holdings in Cross Country Healthcare by 8.5% during the 1st quarter. Magnetar Financial LLC now owns 2,474,331 shares of the business services provider’s stock worth $36,843,000 after acquiring an additional 193,418 shares in the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CCRN has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Cross Country Healthcare to a “hold” rating in a research note on Saturday, August 9th. Benchmark restated a “hold” rating on shares of Cross Country Healthcare in a research note on Friday, November 14th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cross Country Healthcare in a report on Tuesday, November 25th. Six research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $17.91.

Cross Country Healthcare Price Performance

Shares of NASDAQ CCRN opened at $10.23 on Tuesday. The firm has a market capitalization of $335.13 million, a PE ratio of -39.35, a P/E/G ratio of 8.87 and a beta of 0.45. Cross Country Healthcare, Inc. has a 1-year low of $10.02 and a 1-year high of $18.33. The business’s fifty day moving average price is $12.37 and its two-hundred day moving average price is $12.94.

Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings results on Wednesday, November 12th. The business services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). Cross Country Healthcare had a positive return on equity of 1.72% and a negative net margin of 0.70%.The firm had revenue of $250.05 million for the quarter, compared to the consensus estimate of $270.72 million. Equities research analysts expect that Cross Country Healthcare, Inc. will post 0.53 earnings per share for the current fiscal year.

About Cross Country Healthcare

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.