Pacer Advisors Inc. Has $56.36 Million Stock Holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Pacer Advisors Inc. lifted its holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRNFree Report) by 50.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,489,580 shares of the business services provider’s stock after purchasing an additional 834,941 shares during the quarter. Pacer Advisors Inc. owned about 0.07% of Cross Country Healthcare worth $56,364,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CCRN. US Bancorp DE bought a new stake in Cross Country Healthcare in the 1st quarter valued at approximately $27,000. Quadrant Capital Group LLC acquired a new position in shares of Cross Country Healthcare during the 2nd quarter worth approximately $29,000. Point72 Hong Kong Ltd acquired a new position in Cross Country Healthcare in the 1st quarter valued at $35,000. Coppell Advisory Solutions Corp. acquired a new position in Cross Country Healthcare in the 4th quarter valued at $39,000. Finally, Captrust Financial Advisors grew its holdings in shares of Cross Country Healthcare by 26.4% during the 1st quarter. Captrust Financial Advisors now owns 3,074 shares of the business services provider’s stock worth $67,000 after purchasing an additional 642 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Karen Mote sold 6,216 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $16.95, for a total transaction of $105,361.20. Following the transaction, the insider now directly owns 35,101 shares of the company’s stock, valued at $594,961.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 5.50% of the company’s stock.

Cross Country Healthcare Stock Performance

CCRN opened at $18.46 on Monday. Cross Country Healthcare, Inc. has a 52-week low of $15.65 and a 52-week high of $28.75. The stock has a market capitalization of $641.12 million, a PE ratio of 9.09, a price-to-earnings-growth ratio of 1.95 and a beta of 0.74. The stock’s 50 day moving average price is $19.61 and its 200-day moving average price is $21.34.

Cross Country Healthcare (NASDAQ:CCRNGet Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The business services provider reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. The company had revenue of $414.04 million for the quarter, compared to analysts’ expectations of $404.42 million. Cross Country Healthcare had a return on equity of 16.93% and a net margin of 3.60%. The firm’s revenue for the quarter was down 34.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 earnings per share. Research analysts forecast that Cross Country Healthcare, Inc. will post 0.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on CCRN shares. JMP Securities started coverage on Cross Country Healthcare in a research report on Wednesday, December 6th. They set a “market perform” rating for the company. Benchmark lowered their price objective on Cross Country Healthcare from $24.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, February 22nd. Barrington Research decreased their target price on Cross Country Healthcare from $26.00 to $24.00 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. UBS Group initiated coverage on Cross Country Healthcare in a research note on Thursday, November 30th. They set a “neutral” rating and a $22.00 target price for the company. Finally, Truist Financial reduced their price objective on Cross Country Healthcare from $22.00 to $16.00 and set a “hold” rating for the company in a research note on Thursday, February 22nd. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $21.67.

Check Out Our Latest Stock Analysis on CCRN

About Cross Country Healthcare

(Free Report)

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.

See Also

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

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