Congress Asset Management Co. Has $4.82 Million Stock Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Congress Asset Management Co. lifted its holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 8.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 358,917 shares of the business services provider’s stock after purchasing an additional 26,470 shares during the period. Congress Asset Management Co.’s holdings in Cross Country Healthcare were worth $4,824,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. nVerses Capital LLC bought a new position in Cross Country Healthcare during the second quarter valued at about $50,000. GAMMA Investing LLC raised its stake in shares of Cross Country Healthcare by 622.4% in the 2nd quarter. GAMMA Investing LLC now owns 5,678 shares of the business services provider’s stock valued at $79,000 after acquiring an additional 4,892 shares in the last quarter. EMC Capital Management acquired a new stake in Cross Country Healthcare in the 1st quarter worth approximately $155,000. SG Americas Securities LLC bought a new stake in Cross Country Healthcare during the third quarter worth approximately $135,000. Finally, Bayesian Capital Management LP acquired a new position in Cross Country Healthcare during the first quarter valued at approximately $195,000. 96.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on CCRN. Barrington Research decreased their price objective on shares of Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Truist Financial lowered their price target on Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating on the stock in a research report on Monday, October 21st. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $19.20.

Cross Country Healthcare Price Performance

NASDAQ CCRN opened at $11.33 on Friday. The company’s fifty day moving average is $13.36 and its two-hundred day moving average is $14.59. Cross Country Healthcare, Inc. has a 52-week low of $11.24 and a 52-week high of $23.64. The firm has a market capitalization of $383.07 million, a price-to-earnings ratio of 49.26, a P/E/G ratio of 2.27 and a beta of 0.63.

Cross Country Healthcare (NASDAQ:CCRN) last released its earnings results on Wednesday, July 31st. The business services provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.04). Cross Country Healthcare had a net margin of 0.54% and a return on equity of 7.29%. The company had revenue of $339.77 million during the quarter, compared to the consensus estimate of $334.75 million. During the same quarter in the previous year, the business posted $0.69 EPS. The firm’s quarterly revenue was down 37.2% on a year-over-year basis. As a group, sell-side analysts expect that Cross Country Healthcare, Inc. will post 0.52 earnings per share for the current fiscal year.

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’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.