Cross Country Healthcare, Inc. (NASDAQ:CCRN) Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP lowered its stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 3.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,531,984 shares of the business services provider’s stock after selling 60,310 shares during the period. Systematic Financial Management LP owned 4.41% of Cross Country Healthcare worth $21,203,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. nVerses Capital LLC acquired a new position in Cross Country Healthcare in the second quarter valued at approximately $50,000. Denali Advisors LLC lifted its stake in shares of Cross Country Healthcare by 3,885.5% in the 1st quarter. Denali Advisors LLC now owns 5,500 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 5,362 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Cross Country Healthcare by 622.4% during the 2nd quarter. GAMMA Investing LLC now owns 5,678 shares of the business services provider’s stock worth $79,000 after purchasing an additional 4,892 shares during the period. EMC Capital Management purchased a new stake in Cross Country Healthcare in the 1st quarter valued at about $155,000. Finally, Bayesian Capital Management LP acquired a new position in Cross Country Healthcare in the first quarter valued at about $195,000. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Truist Financial boosted their target price on Cross Country Healthcare from $16.00 to $17.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Barrington Research decreased their target price on Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Cross Country Healthcare has an average rating of “Hold” and a consensus target price of $19.60.

Insider Activity

In other news, VP Cynthia Ann Grieco sold 1,945 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was 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 of the company’s stock, valued at $130,882.05. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Karen Mote sold 13,829 shares of the firm’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 completion of the sale, the insider now owns 24,696 shares in the company, valued at $421,807.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Cynthia Ann Grieco sold 1,945 shares of Cross Country Healthcare stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $17.21, for a total transaction of $33,473.45. Following the sale, the vice president now owns 7,605 shares of the company’s stock, valued at $130,882.05. The disclosure for this sale can be found here. Corporate insiders own 4.90% of the company’s stock.

Cross Country Healthcare Price Performance

Cross Country Healthcare stock opened at $13.19 on Friday. The stock has a market cap of $458.67 million, a PE ratio of 10.15, a P/E/G ratio of 2.72 and a beta of 0.63. The stock’s fifty day moving average is $14.97 and its two-hundred day moving average is $15.56. Cross Country Healthcare, Inc. has a 1-year low of $12.78 and a 1-year high of $25.76.

Cross Country Healthcare (NASDAQ:CCRN) last announced its quarterly 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). Cross Country Healthcare had a net margin of 0.54% and a return on equity of 7.29%. The business had revenue of $339.77 million during the quarter, compared to analyst estimates of $334.75 million. During the same period last year, the company earned $0.69 earnings per share. The business’s revenue for the quarter was down 37.2% compared to the same quarter last year. On average, research analysts expect 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.