National Bank of Canada FI lowered its stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN – Free Report) by 85.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,581 shares of the business services provider’s stock after selling 9,475 shares during the period. National Bank of Canada FI’s holdings in Cross Country Healthcare were worth $44,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. US Bancorp DE acquired a new stake in shares of Cross Country Healthcare in the first quarter valued at approximately $27,000. Point72 Hong Kong Ltd acquired a new stake in Cross Country Healthcare during the 1st quarter worth $35,000. Coppell Advisory Solutions Corp. acquired a new stake in Cross Country Healthcare during the 4th quarter worth $39,000. James Investment Research Inc. acquired a new stake in Cross Country Healthcare during the 1st quarter worth $48,000. Finally, Captrust Financial Advisors grew its holdings in Cross Country Healthcare by 26.4% during the 1st quarter. Captrust Financial Advisors now owns 3,074 shares of the business services provider’s stock worth $67,000 after acquiring an additional 642 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on CCRN shares. Jefferies Financial Group lowered their target price on shares of Cross Country Healthcare from $40.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, October 5th. William Blair began coverage on shares of Cross Country Healthcare in a report on Monday, June 26th. They set an “outperform” rating for the company. Barrington Research decreased their price target on shares of Cross Country Healthcare from $35.00 to $29.00 and set an “outperform” rating for the company in a report on Monday, August 14th. Credit Suisse Group decreased their price target on shares of Cross Country Healthcare from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Tuesday, August 8th. Finally, StockNews.com began coverage on shares of Cross Country Healthcare in a report on Thursday, October 5th. They issued a “hold” rating for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Cross Country Healthcare has an average rating of “Moderate Buy” and an average target price of $30.33.
Cross Country Healthcare Trading Down 1.0 %
CCRN opened at $22.36 on Tuesday. The stock has a market capitalization of $800.49 million, a P/E ratio of 6.60, a P/E/G ratio of 1.58 and a beta of 0.99. Cross Country Healthcare, Inc. has a 12 month low of $20.50 and a 12 month high of $40.12. The firm’s fifty day simple moving average is $24.27 and its 200 day simple moving average is $24.96. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.07.
Cross Country Healthcare (NASDAQ:CCRN – Get Free Report) last posted its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.61 by $0.08. The business had revenue of $540.70 million for the quarter, compared to analysts’ expectations of $531.70 million. Cross Country Healthcare had a net margin of 5.12% and a return on equity of 30.06%. The firm’s revenue was down 28.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.40 EPS. As a group, research analysts anticipate that Cross Country Healthcare, Inc. will post 2.4 EPS for the current fiscal year.
About Cross Country Healthcare
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.
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