Wedge Capital Management L L P NC Purchases 7,918 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Wedge Capital Management L L P NC raised its position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 25.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,678 shares of the business services provider’s stock after purchasing an additional 7,918 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Cross Country Healthcare were worth $876,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blair William & Co. IL bought a new stake in Cross Country Healthcare during the 3rd quarter valued at about $2,550,000. Jacobs Levy Equity Management Inc. grew its stake in shares of Cross Country Healthcare by 63.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 370,224 shares of the business services provider’s stock worth $9,178,000 after acquiring an additional 144,035 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Cross Country Healthcare by 80.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 401,887 shares of the business services provider’s stock worth $9,963,000 after acquiring an additional 179,093 shares during the period. Paradiem LLC grew its stake in shares of Cross Country Healthcare by 5.0% in the third quarter. Paradiem LLC now owns 131,989 shares of the business services provider’s stock worth $3,272,000 after acquiring an additional 6,341 shares during the period. Finally, Qube Research & Technologies Ltd grew its stake in shares of Cross Country Healthcare by 946.0% in the third quarter. Qube Research & Technologies Ltd now owns 115,318 shares of the business services provider’s stock worth $2,859,000 after acquiring an additional 104,293 shares during the period. 96.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cross Country Healthcare

In other Cross Country Healthcare news, insider Karen Mote sold 6,216 shares of Cross Country Healthcare stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $16.95, for a total transaction of $105,361.20. Following the transaction, the insider now owns 35,101 shares of the company’s stock, valued at $594,961.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.90% of the company’s stock.

Cross Country Healthcare Trading Down 1.0 %

Shares of NASDAQ CCRN opened at $17.40 on Friday. Cross Country Healthcare, Inc. has a 12-month low of $15.65 and a 12-month high of $28.75. The firm has a market capitalization of $603.43 million, a price-to-earnings ratio of 8.57, a price-to-earnings-growth ratio of 1.91 and a beta of 0.75. The firm has a 50 day moving average of $17.92 and a 200 day moving average of $20.29.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings results on Wednesday, February 21st. The business services provider reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. Cross Country Healthcare had a net margin of 3.60% and a return on equity of 16.93%. The business had revenue of $414.04 million for the quarter, compared to the consensus estimate of $404.42 million. During the same quarter in the previous year, the firm earned $1.09 earnings per share. The company’s revenue for the quarter was down 34.1% on a year-over-year basis. Sell-side analysts predict that Cross Country Healthcare, Inc. will post 0.92 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Benchmark reduced their price target on shares of Cross Country Healthcare from $24.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. TheStreet lowered shares of Cross Country Healthcare from a “b-” rating to a “c+” rating in a research note on Friday, March 1st. Truist Financial reduced their price target on shares of Cross Country Healthcare from $22.00 to $16.00 and set a “hold” rating for the company in a research note on Thursday, February 22nd. Finally, Barrington Research reduced their price target on shares of Cross Country Healthcare from $26.00 to $24.00 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cross Country Healthcare presently has an average rating of “Hold” and an average price target of $21.67.

Cross Country Healthcare Company 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.