Charles Schwab Investment Management Inc. Has $9.54 Million Stock Holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Charles Schwab Investment Management Inc. grew its position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRNFree Report) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 421,576 shares of the business services provider’s stock after purchasing an additional 19,689 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Cross Country Healthcare were worth $9,544,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. SummerHaven Investment Management LLC raised its position in shares of Cross Country Healthcare by 2.0% during the fourth quarter. SummerHaven Investment Management LLC now owns 26,927 shares of the business services provider’s stock worth $610,000 after acquiring an additional 520 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Cross Country Healthcare in the 4th quarter valued at about $28,000. SG Americas Securities LLC increased its holdings in Cross Country Healthcare by 8.2% during the 4th quarter. SG Americas Securities LLC now owns 19,754 shares of the business services provider’s stock valued at $447,000 after purchasing an additional 1,493 shares during the period. Truvestments Capital LLC increased its holdings in Cross Country Healthcare by 26.1% during the 3rd quarter. Truvestments Capital LLC now owns 9,721 shares of the business services provider’s stock valued at $241,000 after purchasing an additional 2,013 shares during the period. Finally, Gotham Asset Management LLC increased its holdings in Cross Country Healthcare by 4.4% during the 3rd quarter. Gotham Asset Management LLC now owns 47,897 shares of the business services provider’s stock valued at $1,187,000 after purchasing an additional 2,023 shares during the period. 96.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cross Country Healthcare

In related news, insider Marc S. Krug sold 13,657 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $14.82, for a total transaction of $202,396.74. Following the completion of the transaction, the insider now directly owns 36,020 shares in the company, valued at $533,816.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Cross Country Healthcare news, insider Marc S. Krug sold 13,657 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $14.82, for a total value of $202,396.74. Following the completion of the transaction, the insider now owns 36,020 shares in the company, valued at $533,816.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Karen Mote sold 6,216 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $16.95, for a total transaction of $105,361.20. Following the completion of the transaction, the insider now owns 35,101 shares of the company’s stock, valued at approximately $594,961.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,519 shares of company stock worth $444,635. Company insiders own 4.90% of the company’s stock.

Cross Country Healthcare Stock Up 1.3 %

Shares of CCRN stock opened at $14.75 on Friday. The firm has a market cap of $512.86 million, a price-to-earnings ratio of 11.35, a PEG ratio of 2.05 and a beta of 0.77. The company’s 50 day moving average is $16.70 and its 200 day moving average is $19.21. Cross Country Healthcare, Inc. has a 52-week low of $14.06 and a 52-week high of $28.75.

Cross Country Healthcare (NASDAQ:CCRNGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The business services provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. Cross Country Healthcare had a net margin of 2.58% and a return on equity of 11.69%. The business had revenue of $379.17 million for the quarter, compared to analyst estimates of $374.38 million. During the same period in the previous year, the company earned $0.84 earnings per share. The business’s revenue for the quarter was down 39.1% on a year-over-year basis. Analysts anticipate that Cross Country Healthcare, Inc. will post 0.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on CCRN. TheStreet downgraded Cross Country Healthcare from a “b-” rating to a “c+” rating in a research note on Friday, March 1st. Benchmark lowered their price target on Cross Country Healthcare from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Barrington Research reduced their price objective on Cross Country Healthcare from $24.00 to $21.00 and set an “outperform” rating for the company in a research note on Monday, May 6th. Finally, Truist Financial cut their price target 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 analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $20.83.

Check Out Our Latest Stock Report on Cross Country Healthcare

Cross Country Healthcare Profile

(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.

Further Reading

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

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