South Dakota Investment Council reduced its stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 72.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,800 shares of the business services provider’s stock after selling 12,700 shares during the period. South Dakota Investment Council’s holdings in Cross Country Healthcare were worth $45,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CCRN. JPMorgan Chase & Co. lifted its position in shares of Cross Country Healthcare by 38.5% during the 1st quarter. JPMorgan Chase & Co. now owns 1,815,353 shares of the business services provider’s stock valued at $12,762,000 after buying an additional 504,192 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Cross Country Healthcare by 784.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 263,552 shares of the business services provider’s stock valued at $2,471,000 after buying an additional 233,752 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Cross Country Healthcare by 6.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,387,342 shares of the business services provider’s stock valued at $17,499,000 after buying an additional 155,059 shares in the last quarter. Royce & Associates LP lifted its position in shares of Cross Country Healthcare by 8.6% during the 1st quarter. Royce & Associates LP now owns 1,216,811 shares of the business services provider’s stock valued at $8,554,000 after buying an additional 96,500 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of Cross Country Healthcare during the 1st quarter valued at about $599,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ CCRN traded up $0.06 during trading hours on Friday, reaching $10.67. The company’s stock had a trading volume of 4,563 shares, compared to its average volume of 165,722. The firm’s 50-day moving average price is $9.93 and its 200-day moving average price is $8.41. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.56. Cross Country Healthcare, Inc. has a 1 year low of $6.75 and a 1 year high of $11.06. The company has a market capitalization of $405.05 million, a price-to-earnings ratio of 88.92, a PEG ratio of 13.71 and a beta of 1.22.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.01 EPS for the quarter. Cross Country Healthcare had a positive return on equity of 0.62% and a negative net margin of 9.20%. The company had revenue of $202.80 million for the quarter, compared to analysts’ expectations of $199.46 million. During the same period in the previous year, the firm earned $0.05 EPS. The firm’s revenue was down .9% compared to the same quarter last year. Equities research analysts anticipate that Cross Country Healthcare, Inc. will post 0.08 EPS for the current fiscal year.

A number of research analysts have recently weighed in on CCRN shares. Zacks Investment Research cut Cross Country Healthcare from a “buy” rating to a “hold” rating in a research report on Monday, August 12th. Barrington Research set a $10.00 price target on Cross Country Healthcare and gave the stock a “buy” rating in a report on Monday, May 20th. ValuEngine raised Cross Country Healthcare from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Finally, BidaskClub cut Cross Country Healthcare from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 7th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $10.00.

Cross Country Healthcare Profile

Cross Country Healthcare, Inc provides healthcare staffing, recruiting, and workforce solutions in the United States. The company operates in three segments: Nurse and Allied Staffing, Physician Staffing, and Other Human Capital Management Services. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, branch-based local nurses, and allied staffing; short-term staffing of registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and travel allied professionals on long-term contract assignments.

See Also: Exchange-Traded Funds (ETFs)

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Institutional Ownership by Quarter for Cross Country Healthcare (NASDAQ:CCRN)

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