Cross Country Healthcare, Inc. $CCRN Shares Sold by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas decreased its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 19.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,272,700 shares of the business services provider’s stock after selling 302,300 shares during the period. Oddo BHF Asset Management Sas’ holdings in Cross Country Healthcare were worth $10,309,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in CCRN. Goldman Sachs Group Inc. grew its position in shares of Cross Country Healthcare by 56.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,095,178 shares of the business services provider’s stock worth $16,307,000 after acquiring an additional 397,216 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Cross Country Healthcare by 7.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 115,823 shares of the business services provider’s stock worth $1,725,000 after purchasing an additional 8,490 shares during the last quarter. Creative Planning bought a new stake in shares of Cross Country Healthcare in the 2nd quarter worth approximately $367,000. JPMorgan Chase & Co. lifted its holdings in shares of Cross Country Healthcare by 90.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 206,438 shares of the business services provider’s stock worth $2,694,000 after purchasing an additional 97,962 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Cross Country Healthcare by 3.6% in the 2nd quarter. First Trust Advisors LP now owns 99,560 shares of the business services provider’s stock worth $1,299,000 after purchasing an additional 3,486 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CCRN. Cross Research set a $14.00 price target on Cross Country Healthcare in a report on Thursday, March 5th. Truist Financial raised their price target on Cross Country Healthcare from $10.00 to $13.25 and gave the stock a “hold” rating in a report on Monday, May 11th. Wedbush downgraded Cross Country Healthcare from an “outperform” rating to a “hold” rating and cut their price target for the stock from $15.00 to $13.25 in a report on Thursday, May 7th. Benchmark downgraded Cross Country Healthcare from a “buy” rating to a “hold” rating in a report on Friday, May 8th. Finally, Barrington Research reissued a “market perform” rating and issued a $13.25 price target on shares of Cross Country Healthcare in a report on Monday, June 8th. Nine analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $12.05.

Cross Country Healthcare Price Performance

Shares of Cross Country Healthcare stock opened at $13.17 on Tuesday. The business’s fifty day moving average price is $11.71 and its two-hundred day moving average price is $9.85. The company has a market capitalization of $425.79 million, a P/E ratio of -4.32, a PEG ratio of 14.24 and a beta of 0.45. Cross Country Healthcare, Inc. has a 1-year low of $7.43 and a 1-year high of $14.99.

Cross Country Healthcare (NASDAQ:CCRN) last announced its earnings results on Thursday, May 7th. The business services provider reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. The firm had revenue of $241.06 million for the quarter, compared to the consensus estimate of $237.07 million. Cross Country Healthcare had a negative return on equity of 0.74% and a negative net margin of 9.84%. On average, research analysts expect that Cross Country Healthcare, Inc. will post 0.09 earnings per share for the current fiscal year.

Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc, headquartered in Boca Raton, Florida, is a leading provider of healthcare workforce solutions in the United States. The company specializes in the recruitment, placement and management of nursing and allied health professionals on both a travel and permanent basis. Through its integrated platform, Cross Country Healthcare serves hospitals, health systems, and long-term care facilities by matching qualified clinical talent with patient care needs across diverse care settings.

The company’s core service offerings include travel nurse and allied health staffing, per diem staffing, permanent placement services, and managed services programs.