State Board of Administration of Florida Retirement System Trims Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

State Board of Administration of Florida Retirement System cut its position in Cross Country Healthcare, Inc. (NASDAQ:CCRNGet Rating) by 71.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,347 shares of the business services provider’s stock after selling 77,819 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Cross Country Healthcare were worth $632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CCRN. US Bancorp DE purchased a new position in Cross Country Healthcare during the first quarter valued at $27,000. Point72 Hong Kong Ltd purchased a new position in Cross Country Healthcare during the first quarter valued at $35,000. KBC Group NV purchased a new position in Cross Country Healthcare during the second quarter valued at $65,000. Captrust Financial Advisors grew its stake in Cross Country Healthcare by 26.4% during the first quarter. Captrust Financial Advisors now owns 3,074 shares of the business services provider’s stock valued at $67,000 after acquiring an additional 642 shares in the last quarter. Finally, National Bank of Canada FI grew its stake in Cross Country Healthcare by 1,955.9% during the first quarter. National Bank of Canada FI now owns 3,865 shares of the business services provider’s stock valued at $84,000 after acquiring an additional 3,677 shares in the last quarter. 95.25% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Cross Country Healthcare news, Director W Larry Cash bought 1,500 shares of the company’s stock in a transaction on Tuesday, August 30th. The stock was acquired at an average price of $25.60 per share, for a total transaction of $38,400.00. Following the completion of the transaction, the director now directly owns 177,899 shares of the company’s stock, valued at $4,554,214.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Cross Country Healthcare news, Director W Larry Cash bought 1,500 shares of the company’s stock in a transaction on Tuesday, August 30th. The stock was acquired at an average price of $25.60 per share, for a total transaction of $38,400.00. Following the completion of the transaction, the director now directly owns 177,899 shares of the company’s stock, valued at $4,554,214.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO John Anthony Martins bought 4,000 shares of the company’s stock in a transaction on Wednesday, August 24th. The shares were acquired at an average price of $25.24 per share, with a total value of $100,960.00. Following the transaction, the chief executive officer now directly owns 52,039 shares of the company’s stock, valued at $1,313,464.36. The disclosure for this purchase can be found here. Insiders have sold 114,256 shares of company stock valued at $3,404,694 over the last ninety days. 5.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Cross Country Healthcare in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Benchmark lifted their price objective on shares of Cross Country Healthcare from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, September 15th. Barrington Research upped their target price on shares of Cross Country Healthcare from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, November 7th. Finally, Truist Financial lowered Cross Country Healthcare from a “buy” rating to a “hold” rating and set a $36.00 price target for the company. in a research report on Wednesday, October 5th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.20.

Cross Country Healthcare Trading Up 3.3 %

Shares of NASDAQ CCRN opened at $34.97 on Friday. The business’s 50 day moving average is $32.28 and its two-hundred day moving average is $25.36. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.38 and a quick ratio of 2.38. Cross Country Healthcare, Inc. has a 1-year low of $15.26 and a 1-year high of $40.12. The stock has a market capitalization of $1.30 billion, a P/E ratio of 5.80, a PEG ratio of 1.12 and a beta of 1.00.

Cross Country Healthcare Profile

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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 offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, local nurses, and allied staffing; staffing solutions for registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and clinical and non-clinical professionals on long-term contract assignments, as well as workforce solutions, including MSP, RPO, and consulting services.

Further Reading

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

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