South Dakota Investment Council Has $478,000 Position in Cross Country Healthcare, Inc. (CCRN)

South Dakota Investment Council maintained its stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,000 shares of the business services provider’s stock at the end of the second quarter. South Dakota Investment Council owned about 0.10% of Cross Country Healthcare worth $478,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. LS Investment Advisors LLC grew its holdings in shares of Cross Country Healthcare by 484.5% in the 1st quarter. LS Investment Advisors LLC now owns 7,184 shares of the business services provider’s stock worth $103,000 after acquiring an additional 5,955 shares during the last quarter. Globeflex Capital L P acquired a new stake in shares of Cross Country Healthcare in the first quarter worth $104,000. Mason Street Advisors LLC boosted its position in shares of Cross Country Healthcare by 6.9% in the first quarter. Mason Street Advisors LLC now owns 7,713 shares of the business services provider’s stock worth $111,000 after buying an additional 499 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Cross Country Healthcare by 57.7% in the second quarter. BNP Paribas Arbitrage SA now owns 9,998 shares of the business services provider’s stock worth $129,000 after buying an additional 3,660 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in shares of Cross Country Healthcare by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the business services provider’s stock worth $192,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 91.45% of the company’s stock.

Several analysts have recently commented on CCRN shares. Benchmark Co. reaffirmed a “buy” rating and issued a $17.00 target price (down previously from $18.00) on shares of Cross Country Healthcare in a research report on Wednesday, August 9th. Zacks Investment Research raised Cross Country Healthcare from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Monday, August 7th. UBS AG reaffirmed a “buy” rating and issued a $15.00 target price (down previously from $16.50) on shares of Cross Country Healthcare in a research report on Wednesday, June 14th. Finally, BidaskClub cut Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $15.64.

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) opened at 12.87 on Friday. Cross Country Healthcare, Inc. has a 52-week low of $10.88 and a 52-week high of $16.38. The firm has a market cap of $469.68 million, a PE ratio of 47.49 and a beta of 0.85. The company’s 50-day moving average price is $12.41 and its 200-day moving average price is $12.96.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.07. Cross Country Healthcare had a net margin of 1.06% and a return on equity of 12.78%. The company had revenue of $209.31 million during the quarter, compared to the consensus estimate of $209.92 million. During the same period in the prior year, the business posted $0.16 EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts expect that Cross Country Healthcare, Inc. will post $0.61 earnings per share for the current fiscal year.

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In related news, insider William J. Grubbs sold 49,113 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $12.16, for a total value of $597,214.08. Following the completion of the sale, the insider now directly owns 395,188 shares in the company, valued at approximately $4,805,486.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.20% of the company’s stock.

Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc is engaged in providing healthcare recruiting, staffing, recruiting and workforce solutions. The Company operates in three segments: Nurse and Allied Staffing, Physician Staffing and Other Human Capital Management Services. The Nurse and Allied Staffing segment provides traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, and branch-based local nurses and allied staffing.

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

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