Cross Country Healthcare, Inc. (NASDAQ:CCRN) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp trimmed its stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 5.4% in the second quarter, Holdings Channel.com reports. The fund owned 30,057 shares of the business services provider’s stock after selling 1,717 shares during the period. Texas Permanent School Fund Corp’s holdings in Cross Country Healthcare were worth $844,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Royce & Associates LP increased its stake in shares of Cross Country Healthcare by 20.9% during the 2nd quarter. Royce & Associates LP now owns 792,170 shares of the business services provider’s stock worth $22,244,000 after purchasing an additional 136,785 shares in the last quarter. Navellier & Associates Inc. increased its stake in shares of Cross Country Healthcare by 3.5% during the 2nd quarter. Navellier & Associates Inc. now owns 27,958 shares of the business services provider’s stock worth $785,000 after purchasing an additional 945 shares in the last quarter. Barclays PLC increased its stake in shares of Cross Country Healthcare by 20.3% during the 2nd quarter. Barclays PLC now owns 31,545 shares of the business services provider’s stock worth $885,000 after purchasing an additional 5,332 shares in the last quarter. LSV Asset Management grew its stake in Cross Country Healthcare by 219.8% in the 2nd quarter. LSV Asset Management now owns 108,078 shares of the business services provider’s stock worth $3,035,000 after acquiring an additional 74,278 shares during the period. Finally, Koss Olinger Consulting LLC purchased a new stake in Cross Country Healthcare in the 2nd quarter worth approximately $248,000. 96.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cross Country Healthcare

In related news, VP Cynthia Ann Grieco sold 6,370 shares of Cross Country Healthcare stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $20.60, for a total transaction of $131,222.00. Following the transaction, the vice president now owns 7,464 shares in the company, valued at approximately $153,758.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Cynthia Ann Grieco sold 6,370 shares of Cross Country Healthcare stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $20.60, for a total transaction of $131,222.00. Following the transaction, the vice president now owns 7,464 shares in the company, valued at approximately $153,758.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marc S. Krug sold 6,000 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $19.91, for a total transaction of $119,460.00. Following the completion of the transaction, the insider now owns 39,387 shares in the company, valued at approximately $784,195.17. The disclosure for this sale can be found here. Company insiders own 5.50% of the company’s stock.

Cross Country Healthcare Stock Up 4.3 %

Shares of NASDAQ CCRN opened at $21.39 on Tuesday. Cross Country Healthcare, Inc. has a 52-week low of $15.65 and a 52-week high of $36.90. The firm has a fifty day moving average of $22.60 and a 200-day moving average of $24.67. The stock has a market capitalization of $751.86 million, a PE ratio of 7.59, a P/E/G ratio of 1.53 and a beta of 1.03.

Cross Country Healthcare (NASDAQ:CCRN) last posted its earnings results on Wednesday, November 1st. The business services provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). The business had revenue of $442.29 million for the quarter, compared to analyst estimates of $443.90 million. Cross Country Healthcare had a net margin of 4.58% and a return on equity of 23.60%. The business’s revenue was down 30.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.07 EPS. Equities research analysts expect that Cross Country Healthcare, Inc. will post 2.24 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on CCRN shares. Barrington Research lowered their target price on shares of Cross Country Healthcare from $35.00 to $29.00 and set an “outperform” rating for the company in a research note on Monday, August 14th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $21.00 target price (down from $32.00) on shares of Cross Country Healthcare in a research note on Friday, November 3rd. Truist Financial lowered their target price on shares of Cross Country Healthcare from $25.00 to $22.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. Credit Suisse Group lowered their target price on shares of Cross Country Healthcare from $27.00 to $26.00 and set a “neutral” rating for the company in a research note on Tuesday, August 8th. Finally, StockNews.com initiated coverage on shares of Cross Country Healthcare in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Cross Country Healthcare has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

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 operates in two segments, Nurse and Allied Staffing, and Physician Staffing. The Nurse and Allied Staffing segment provides workforce solutions and 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; managed services programs services; education healthcare services; in-home care services; and outsourcing services.