Northern Trust Corp Has $5.82 Million Holdings in Cross Country Healthcare, Inc. (CCRN)

Northern Trust Corp grew its position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 7.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 450,544 shares of the business services provider’s stock after purchasing an additional 32,156 shares during the quarter. Northern Trust Corp owned about 1.26% of Cross Country Healthcare worth $5,817,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA increased its stake in shares of Cross Country Healthcare by 57.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,998 shares of the business services provider’s stock valued at $129,000 after acquiring an additional 3,660 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Cross Country Healthcare in the 2nd quarter valued at $246,000. Trexquant Investment LP bought a new stake in shares of Cross Country Healthcare in the 2nd quarter valued at $329,000. TD Asset Management Inc. increased its stake in shares of Cross Country Healthcare by 12.4% in the 2nd quarter. TD Asset Management Inc. now owns 31,700 shares of the business services provider’s stock valued at $409,000 after acquiring an additional 3,500 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in shares of Cross Country Healthcare by 17.5% in the 2nd quarter. New York State Common Retirement Fund now owns 36,200 shares of the business services provider’s stock valued at $467,000 after acquiring an additional 5,399 shares in the last quarter. Hedge funds and other institutional investors own 96.40% of the company’s stock.

In other Cross Country Healthcare news, insider William J. Grubbs sold 49,113 shares of Cross Country Healthcare stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $12.16, for a total transaction of $597,214.08. Following the transaction, the insider now directly owns 395,188 shares of the company’s stock, valued at approximately $4,805,486.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas C. Dircks acquired 10,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were purchased at an average cost of $11.77 per share, for a total transaction of $117,700.00. Following the completion of the acquisition, the director now directly owns 104,571 shares in the company, valued at $1,230,800.67. The disclosure for this purchase can be found here. Company insiders own 3.90% of the company’s stock.

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Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) opened at $12.25 on Thursday. Cross Country Healthcare, Inc. has a 52-week low of $11.07 and a 52-week high of $16.38. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.14 and a quick ratio of 2.14. The stock has a market cap of $444.70, a price-to-earnings ratio of 19.05, a P/E/G ratio of 1.08 and a beta of 0.77.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.05. Cross Country Healthcare had a net margin of 0.19% and a return on equity of 11.69%. The business had revenue of $228.50 million during the quarter, compared to the consensus estimate of $228.97 million. During the same quarter last year, the firm posted $0.24 EPS. Cross Country Healthcare’s revenue was up 6.3% compared to the same quarter last year. equities analysts forecast that Cross Country Healthcare, Inc. will post 0.64 earnings per share for the current year.

Several analysts have recently weighed in on CCRN shares. Zacks Investment Research lowered shares of Cross Country Healthcare from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. BMO Capital Markets lowered their price objective on shares of Cross Country Healthcare from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, November 6th. Cantor Fitzgerald reiterated a “buy” rating and issued a $18.00 price objective on shares of Cross Country Healthcare in a research note on Wednesday, November 1st. Credit Suisse Group started coverage on shares of Cross Country Healthcare in a research note on Tuesday, November 7th. They issued a “neutral” rating and a $13.00 price objective for the company. Finally, TheStreet lowered shares of Cross Country Healthcare from a “b-” rating to a “c+” rating in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $15.31.

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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