EMC Capital Management Takes Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

EMC Capital Management purchased a new position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,299 shares of the business services provider’s stock, valued at approximately $155,000.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC acquired a new position in Cross Country Healthcare during the 4th quarter valued at approximately $28,000. Gladius Capital Management LP lifted its stake in Cross Country Healthcare by 37.1% during the fourth quarter. Gladius Capital Management LP now owns 1,902 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 515 shares during the last quarter. Denali Advisors LLC grew its holdings 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 worth $103,000 after acquiring an additional 5,362 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in Cross Country Healthcare during the first quarter valued at about $195,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Cross Country Healthcare by 212.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,089 shares of the business services provider’s stock worth $226,000 after buying an additional 8,225 shares during the period. Institutional investors own 96.03% of the company’s stock.

Analyst Upgrades and Downgrades

CCRN has been the subject of a number of research reports. Barrington Research reduced their price objective on Cross Country Healthcare from $24.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday, May 6th. Truist Financial raised their price target on Cross Country Healthcare from $16.00 to $17.00 and gave the company a “hold” rating in a report on Thursday. Finally, Benchmark cut their price target on Cross Country Healthcare from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cross Country Healthcare presently has a consensus rating of “Hold” and an average price target of $21.00.

Insider Activity at Cross Country Healthcare

In other Cross Country Healthcare news, insider Marc S. Krug sold 13,657 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $14.82, for a total value of $202,396.74. Following the transaction, the insider now owns 36,020 shares of the company’s stock, valued at $533,816.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Cross Country Healthcare news, insider Phillip Lyn Noe sold 9,646 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $14.19, for a total value of $136,876.74. Following the transaction, the insider now directly owns 10,162 shares in the company, valued at approximately $144,198.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Marc S. Krug sold 13,657 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $14.82, for a total value of $202,396.74. Following the completion of the transaction, the insider now directly owns 36,020 shares of the company’s stock, valued at $533,816.40. The disclosure for this sale can be found here. 4.90% of the stock is owned by corporate insiders.

Cross Country Healthcare Stock Down 2.5 %

NASDAQ CCRN traded down $0.44 during trading hours on Friday, reaching $17.11. 593,035 shares of the company were exchanged, compared to its average volume of 432,543. Cross Country Healthcare, Inc. has a 1 year low of $12.87 and a 1 year high of $26.17. The stock has a market capitalization of $594.91 million, a P/E ratio of 13.50, a P/E/G ratio of 2.51 and a beta of 0.63. The business’s 50 day simple moving average is $14.70 and its 200-day simple moving average is $17.08.

Cross Country Healthcare (NASDAQ:CCRN) last announced its quarterly earnings data 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 business had revenue of $339.77 million during the quarter, compared to analysts’ expectations of $334.75 million. Cross Country Healthcare had a net margin of 0.54% and a return on equity of 7.17%. Cross Country Healthcare’s revenue for the quarter was down 37.2% on a year-over-year basis. During the same period last year, the company posted $0.69 EPS. As a group, sell-side analysts anticipate that Cross Country Healthcare, Inc. will post 0.73 earnings per share for the current 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.