SG Americas Securities LLC Acquires New Shares in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

SG Americas Securities LLC purchased a new stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN) during the third quarter, HoldingsChannel reports. The institutional investor purchased 10,039 shares of the business services provider’s stock, valued at approximately $135,000.

Other institutional investors have also added to or reduced their stakes in the company. SummerHaven Investment Management LLC boosted its stake in shares of Cross Country Healthcare by 3.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 28,376 shares of the business services provider’s stock valued at $393,000 after purchasing an additional 1,032 shares during the last quarter. Raymond James & Associates lifted its holdings in Cross Country Healthcare by 0.7% in the second quarter. Raymond James & Associates now owns 165,324 shares of the business services provider’s stock valued at $2,288,000 after buying an additional 1,155 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Cross Country Healthcare by 9.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,639 shares of the business services provider’s stock valued at $312,000 after acquiring an additional 1,450 shares during the last quarter. Versor Investments LP grew its holdings in Cross Country Healthcare by 20.4% during the 2nd quarter. Versor Investments LP now owns 12,400 shares of the business services provider’s stock worth $172,000 after acquiring an additional 2,100 shares during the period. Finally, Public Sector Pension Investment Board raised its position in shares of Cross Country Healthcare by 4.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 71,927 shares of the business services provider’s stock worth $995,000 after acquiring an additional 3,356 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Karen Mote sold 13,829 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $17.08, for a total value of $236,199.32. Following the sale, the insider now owns 24,696 shares in the company, valued at $421,807.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Karen Mote sold 13,829 shares of the stock in a transaction on 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 sale, the insider now directly owns 24,696 shares of the company’s stock, valued at approximately $421,807.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Cynthia Ann Grieco sold 1,945 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $17.21, for a total value of $33,473.45. Following the transaction, the vice president now owns 7,605 shares in the company, valued at approximately $130,882.05. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CCRN. Barrington Research cut their target price on Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Truist Financial cut their price target on Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating on the stock in a report on Monday, October 21st. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Cross Country Healthcare presently has a consensus rating of “Hold” and an average price target of $19.20.

Cross Country Healthcare Stock Performance

Shares of NASDAQ:CCRN opened at $11.57 on Friday. Cross Country Healthcare, Inc. has a 52-week low of $11.46 and a 52-week high of $23.64. The business’s 50 day simple moving average is $13.56 and its two-hundred day simple moving average is $14.76. The firm has a market cap of $402.34 million, a P/E ratio of 8.90, a PEG ratio of 2.37 and a beta of 0.63.

Cross Country Healthcare (NASDAQ:CCRN) last issued its earnings results on Wednesday, July 31st. The business services provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The firm had revenue of $339.77 million during the quarter, compared to the consensus estimate of $334.75 million. Cross Country Healthcare had a return on equity of 7.29% and a net margin of 0.54%. Cross Country Healthcare’s revenue for the quarter was down 37.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.69 earnings per share. On average, equities analysts forecast 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.