LSV Asset Management Lowers Holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

LSV Asset Management trimmed its position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 1.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 339,778 shares of the business services provider’s stock after selling 3,900 shares during the quarter. LSV Asset Management owned about 0.97% of Cross Country Healthcare worth $7,693,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. increased its position in Cross Country Healthcare by 50.5% during the fourth quarter. Pacer Advisors Inc. now owns 2,489,580 shares of the business services provider’s stock valued at $56,364,000 after acquiring an additional 834,941 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Cross Country Healthcare by 3.6% during the third quarter. Principal Financial Group Inc. now owns 1,966,251 shares of the business services provider’s stock valued at $48,743,000 after purchasing an additional 69,013 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Cross Country Healthcare by 0.3% in the third quarter. Deutsche Bank AG now owns 717,762 shares of the business services provider’s stock worth $17,793,000 after purchasing an additional 2,026 shares during the period. Invesco Ltd. lifted its stake in shares of Cross Country Healthcare by 1.8% during the 3rd quarter. Invesco Ltd. now owns 558,302 shares of the business services provider’s stock valued at $13,840,000 after buying an additional 10,137 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Cross Country Healthcare by 80.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 401,887 shares of the business services provider’s stock worth $9,963,000 after buying an additional 179,093 shares during the period. 96.03% of the stock is currently owned by institutional investors.

Insider Activity

In other Cross Country Healthcare news, insider Karen Mote sold 6,216 shares of Cross Country Healthcare stock in a transaction 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 completion of the transaction, the insider now directly owns 35,101 shares of the company’s stock, valued at $594,961.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 4.90% of the company’s stock.

Analyst Ratings Changes

CCRN has been the topic of a number of recent analyst reports. Barrington Research decreased their price target on Cross Country Healthcare from $24.00 to $21.00 and set an “outperform” rating on the stock in a report on Monday. Truist Financial lowered their price target on Cross Country Healthcare from $22.00 to $16.00 and set a “hold” rating on the stock in a report on Thursday, February 22nd. Benchmark cut their price objective on shares of Cross Country Healthcare from $21.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Finally, TheStreet downgraded shares of Cross Country Healthcare from a “b-” rating to a “c+” rating in a report on Friday, March 1st. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $20.83.

Cross Country Healthcare Stock Up 0.2 %

Shares of NASDAQ:CCRN opened at $16.47 on Thursday. The firm has a fifty day simple moving average of $17.82 and a two-hundred day simple moving average of $19.88. The stock has a market capitalization of $572.73 million, a P/E ratio of 12.67, a PEG ratio of 2.17 and a beta of 0.77. Cross Country Healthcare, Inc. has a 52 week low of $15.65 and a 52 week high of $28.75.

Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings results on Wednesday, May 1st. The business services provider reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. Cross Country Healthcare had a return on equity of 11.69% and a net margin of 2.58%. The company had revenue of $379.17 million during the quarter, compared to analyst estimates of $374.38 million. During the same quarter last year, the business posted $0.84 earnings per share. The firm’s revenue was down 39.1% on a year-over-year basis. On average, analysts expect that Cross Country Healthcare, Inc. will post 0.77 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.