Belpointe Asset Management LLC purchased a new stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN – Get Rating) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,148 shares of the business services provider’s stock, valued at approximately $84,000.
A number of other hedge funds have also modified their holdings of the company. Tudor Investment Corp Et Al purchased a new position in shares of Cross Country Healthcare during the 3rd quarter valued at $946,000. PFS Investments Inc. purchased a new stake in shares of Cross Country Healthcare during the third quarter worth about $877,000. Robeco Institutional Asset Management B.V. raised its stake in Cross Country Healthcare by 323.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 16,001 shares of the business services provider’s stock valued at $425,000 after purchasing an additional 12,220 shares during the period. Clark Estates Inc. NY bought a new stake in Cross Country Healthcare during the 3rd quarter valued at approximately $3,390,000. Finally, Alpha DNA Investment Management LLC lifted its holdings in Cross Country Healthcare by 103.1% in the 4th quarter. Alpha DNA Investment Management LLC now owns 36,981 shares of the business services provider’s stock worth $983,000 after purchasing an additional 18,772 shares in the last quarter. 95.99% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on CCRN. Benchmark reduced their price objective on shares of Cross Country Healthcare from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, February 23rd. Truist Financial reduced their price target on shares of Cross Country Healthcare from $38.00 to $25.00 in a report on Tuesday, May 2nd. StockNews.com assumed coverage on shares of Cross Country Healthcare in a report on Thursday. They set a “hold” rating for the company. Credit Suisse Group raised their price objective on Cross Country Healthcare from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Thursday, February 23rd. Finally, Loop Capital initiated coverage on Cross Country Healthcare in a research report on Thursday, March 9th. They issued a “buy” rating and a $30.00 target price on the stock. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.40.
Cross Country Healthcare Trading Up 1.3 %
Cross Country Healthcare (NASDAQ:CCRN – Get Rating) last released its earnings results on Wednesday, May 3rd. The business services provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.08. The business had revenue of $622.71 million during the quarter, compared to the consensus estimate of $594.09 million. Cross Country Healthcare had a return on equity of 37.57% and a net margin of 5.90%. The business’s revenue for the quarter was down 21.0% compared to the same quarter last year. During the same period last year, the company earned $1.70 earnings per share. On average, sell-side analysts expect that Cross Country Healthcare, Inc. will post 2.66 earnings per share for the current year.
Cross Country Healthcare Profile
Cross Country Healthcare, Inc engages in the provision of healthcare staffing and workforce management solutions. It operates through the Nurse and Allied Staffing and Physician Staffing segments. The Nurse and Allied Staffing segment provides workforce solutions and traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, branch-based local nurses, and allied staffing.
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