Versor Investments LP Invests $300,000 in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Versor Investments LP bought a new position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRNFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,100 shares of the business services provider’s stock, valued at approximately $300,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of CCRN. US Bancorp DE acquired a new position in Cross Country Healthcare in the first quarter valued at about $27,000. Quadrant Capital Group LLC acquired a new position in Cross Country Healthcare in the second quarter valued at about $29,000. Point72 Hong Kong Ltd acquired a new position in Cross Country Healthcare in the first quarter valued at about $35,000. Coppell Advisory Solutions Corp. acquired a new position in Cross Country Healthcare in the fourth quarter valued at about $39,000. Finally, Captrust Financial Advisors raised its stake in Cross Country Healthcare by 26.4% in the first quarter. Captrust Financial Advisors now owns 3,074 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 642 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Insider Buying and Selling

In related news, VP Cynthia Ann Grieco sold 6,370 shares of Cross Country Healthcare stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $20.60, for a total value of $131,222.00. Following the transaction, the vice president now directly owns 7,464 shares of the company’s stock, valued at $153,758.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, VP Cynthia Ann Grieco sold 6,370 shares of Cross Country Healthcare stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $20.60, for a total value of $131,222.00. Following the transaction, the vice president now directly owns 7,464 shares of the company’s stock, valued at $153,758.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Susan E. Ball sold 5,441 shares of Cross Country Healthcare stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $21.57, for a total value of $117,362.37. Following the completion of the transaction, the general counsel now directly owns 168,583 shares in the company, valued at $3,636,335.31. The disclosure for this sale can be found here. Insiders have sold a total of 32,811 shares of company stock valued at $688,894 over the last ninety days. 5.50% of the stock is owned by company insiders.

Cross Country Healthcare Trading Down 1.4 %

NASDAQ:CCRN opened at $21.25 on Thursday. The stock has a market cap of $746.94 million, a P/E ratio of 7.54, a price-to-earnings-growth ratio of 1.55 and a beta of 0.87. The stock’s 50-day moving average is $21.85 and its 200-day moving average is $22.98. Cross Country Healthcare, Inc. has a 1-year low of $15.65 and a 1-year high of $31.82.

Cross Country Healthcare (NASDAQ:CCRNGet Free Report) last released its quarterly 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 firm had revenue of $442.29 million for the quarter, compared to the consensus estimate of $443.90 million. Cross Country Healthcare had a return on equity of 23.60% and a net margin of 4.58%. The business’s revenue for the quarter was down 30.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 earnings per share. As a group, equities analysts forecast that Cross Country Healthcare, Inc. will post 2.2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CCRN. Jefferies Financial Group reaffirmed a “hold” rating and issued a $21.00 price target (down previously from $32.00) on shares of Cross Country Healthcare in a research note on Friday, November 3rd. UBS Group began coverage on Cross Country Healthcare in a research report on Thursday, November 30th. They issued a “neutral” rating and a $22.00 target price on the stock. Truist Financial decreased their target price on Cross Country Healthcare from $25.00 to $22.00 and set a “hold” rating on the stock in a research report on Friday, November 3rd. Barrington Research decreased their target price on Cross Country Healthcare from $29.00 to $26.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 29th. Finally, JMP Securities began coverage on Cross Country Healthcare in a research report on Wednesday, December 6th. They issued a “market perform” rating on the stock. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $26.71.

Read Our Latest Research Report on CCRN

Cross Country Healthcare Company Profile

(Free Report)

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

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