State of Wyoming Invests $492,000 in Cross Country Healthcare, Inc. $CCRN

State of Wyoming purchased a new stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 52,339 shares of the business services provider’s stock, valued at approximately $492,000. State of Wyoming owned 0.16% of Cross Country Healthcare as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in Cross Country Healthcare by 50.0% in the second quarter. BNP Paribas Financial Markets now owns 3,424 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 1,142 shares during the period. Gabelli Funds LLC raised its position in shares of Cross Country Healthcare by 0.4% during the fourth quarter. Gabelli Funds LLC now owns 368,632 shares of the business services provider’s stock worth $2,986,000 after purchasing an additional 1,348 shares during the period. Bank of New York Mellon Corp raised its position in shares of Cross Country Healthcare by 1.2% during the first quarter. Bank of New York Mellon Corp now owns 114,491 shares of the business services provider’s stock worth $1,076,000 after purchasing an additional 1,404 shares during the period. Bank of America Corp DE lifted its holdings in shares of Cross Country Healthcare by 3.1% during the 2nd quarter. Bank of America Corp DE now owns 73,321 shares of the business services provider’s stock valued at $957,000 after purchasing an additional 2,198 shares in the last quarter. Finally, Brooklyn Investment Group grew its position in shares of Cross Country Healthcare by 25.4% in the 4th quarter. Brooklyn Investment Group now owns 13,267 shares of the business services provider’s stock valued at $109,000 after purchasing an additional 2,684 shares during the period. Institutional investors own 96.03% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on CCRN shares. Wedbush downgraded shares of Cross Country Healthcare from an “outperform” rating to a “hold” rating and dropped their target price for the stock from $15.00 to $13.25 in a report on Thursday, May 7th. Barrington Research reiterated a “market perform” rating and issued a $13.25 price target on shares of Cross Country Healthcare in a report on Monday, June 8th. Benchmark lowered shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a report on Friday, May 8th. Citigroup cut shares of Cross Country Healthcare from a “market outperform” rating to a “market perform” rating in a research report on Thursday, May 7th. Finally, Citizens Jmp lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 7th. Nine analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Cross Country Healthcare currently has a consensus rating of “Reduce” and a consensus target price of $12.05.

Cross Country Healthcare Price Performance

Shares of Cross Country Healthcare stock opened at $13.25 on Friday. The stock has a market cap of $428.05 million, a P/E ratio of -4.34, a P/E/G ratio of 14.32 and a beta of 0.45. Cross Country Healthcare, Inc. has a 12-month low of $7.43 and a 12-month high of $14.99. The business’s 50 day moving average is $13.17 and its 200-day moving average is $10.79.

Cross Country Healthcare (NASDAQ:CCRN) last issued its earnings results on Thursday, May 7th. The business services provider reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Cross Country Healthcare had a negative net margin of 9.84% and a negative return on equity of 0.74%. The business had revenue of $241.06 million for the quarter, compared to the consensus estimate of $237.06 million. On average, sell-side analysts expect that Cross Country Healthcare, Inc. will post 0.09 EPS for the current year.

Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc, headquartered in Boca Raton, Florida, is a leading provider of healthcare workforce solutions in the United States. The company specializes in the recruitment, placement and management of nursing and allied health professionals on both a travel and permanent basis. Through its integrated platform, Cross Country Healthcare serves hospitals, health systems, and long-term care facilities by matching qualified clinical talent with patient care needs across diverse care settings.

The company’s core service offerings include travel nurse and allied health staffing, per diem staffing, permanent placement services, and managed services programs.