Allspring Global Investments Holdings LLC reduced its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN – Get Rating) by 91.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 23,689 shares of the business services provider’s stock after selling 245,298 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Cross Country Healthcare were worth $672,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Simcoe Capital Management LLC purchased a new position in shares of Cross Country Healthcare in the 2nd quarter valued at about $23,822,000. BlackRock Inc. boosted its stake in shares of Cross Country Healthcare by 6.3% in the 1st quarter. BlackRock Inc. now owns 5,948,885 shares of the business services provider’s stock valued at $128,911,000 after buying an additional 350,272 shares during the period. Millennium Management LLC boosted its stake in shares of Cross Country Healthcare by 22.9% in the 2nd quarter. Millennium Management LLC now owns 1,476,664 shares of the business services provider’s stock valued at $30,759,000 after buying an additional 275,510 shares during the period. Royce & Associates LP boosted its stake in shares of Cross Country Healthcare by 15.9% in the 2nd quarter. Royce & Associates LP now owns 1,185,685 shares of the business services provider’s stock valued at $24,698,000 after buying an additional 162,724 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Cross Country Healthcare by 118.6% during the first quarter. JPMorgan Chase & Co. now owns 256,032 shares of the business services provider’s stock worth $5,548,000 after purchasing an additional 138,906 shares during the last quarter. 95.99% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts recently weighed in on CCRN shares. StockNews.com assumed coverage on Cross Country Healthcare in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Credit Suisse Group boosted their target price on Cross Country Healthcare to $31.00 in a report on Thursday, November 24th. Truist Financial lowered Cross Country Healthcare from a “buy” rating to a “hold” rating and set a $36.00 price objective on the stock. in a report on Wednesday, October 5th. They noted that the move was a valuation call. Finally, Barrington Research upped their price objective on Cross Country Healthcare from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, November 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Cross Country Healthcare currently has an average rating of “Moderate Buy” and a consensus target price of $36.20.
Cross Country Healthcare Stock Performance
Cross Country Healthcare (NASDAQ:CCRN – Get Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The business services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.96 by $0.11. Cross Country Healthcare had a return on equity of 56.53% and a net margin of 8.06%. The company had revenue of $636.10 million during the quarter, compared to analyst estimates of $617.93 million. On average, research analysts predict that Cross Country Healthcare, Inc. will post 5.07 earnings per share for the current year.
Insiders Place Their Bets
In related news, VP Cynthia Ann Grieco sold 1,071 shares of the firm’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $36.00, for a total value of $38,556.00. Following the sale, the vice president now owns 11,950 shares of the company’s stock, valued at approximately $430,200. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 5.00% of the stock is currently owned by company insiders.
Cross Country Healthcare Profile
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.
- Get a free copy of the StockNews.com research report on Cross Country Healthcare (CCRN)
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