KLP Kapitalforvaltning AS Raises Stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

KLP Kapitalforvaltning AS raised its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 27.6% in the first quarter, Holdings Channel reports. The fund owned 41,600 shares of the business services provider’s stock after buying an additional 9,000 shares during the period. KLP Kapitalforvaltning AS’s holdings in Cross Country Healthcare were worth $619,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CCRN. Quadrant Capital Group LLC purchased a new stake in Cross Country Healthcare in the 4th quarter valued at $25,000. Guggenheim Capital LLC acquired a new position in Cross Country Healthcare in the 4th quarter valued at $201,000. Envestnet Asset Management Inc. acquired a new position in Cross Country Healthcare in the 4th quarter valued at $217,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Cross Country Healthcare by 4.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,386 shares of the business services provider’s stock valued at $334,000 after buying an additional 817 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Cross Country Healthcare by 20.7% in the 4th quarter. Wells Fargo & Company MN now owns 19,657 shares of the business services provider’s stock valued at $357,000 after buying an additional 3,371 shares during the period. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Stock Down 0.1%

Shares of NASDAQ:CCRN opened at $13.80 on Wednesday. Cross Country Healthcare, Inc. has a 52-week low of $9.58 and a 52-week high of $18.50. The company has a 50 day moving average of $13.18 and a two-hundred day moving average of $14.95. The company has a market capitalization of $452.41 million, a price-to-earnings ratio of -26.04, a price-to-earnings-growth ratio of 4.32 and a beta of 0.36.

Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Cross Country Healthcare had a negative net margin of 1.41% and a positive return on equity of 2.56%. The company’s quarterly revenue was down 22.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 earnings per share. On average, equities analysts anticipate that Cross Country Healthcare, Inc. will post 0.53 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CCRN shares. Barrington Research reissued a “market perform” rating and issued a $18.61 price objective on shares of Cross Country Healthcare in a research note on Tuesday, June 17th. Wall Street Zen assumed coverage on shares of Cross Country Healthcare in a research note on Thursday, May 15th. They issued a “hold” rating on the stock. Finally, UBS Group lowered their price target on shares of Cross Country Healthcare from $18.61 to $16.50 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $17.93.

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.