Oddo BHF Asset Management Sas Sells 332,700 Shares of Cross Country Healthcare, Inc. $CCRN

Oddo BHF Asset Management Sas lessened its stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 26.1% in the first quarter, HoldingsChannel.com reports. The firm owned 940,000 shares of the business services provider’s stock after selling 332,700 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in Cross Country Healthcare were worth $8,836,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quinn Opportunity Partners LLC bought a new stake in Cross Country Healthcare during the 4th quarter valued at $8,470,000. Boston Partners bought a new stake in Cross Country Healthcare in the 4th quarter worth $6,414,000. Dana Investment Advisors Inc. grew its holdings in Cross Country Healthcare by 71.2% in the 4th quarter. Dana Investment Advisors Inc. now owns 1,008,525 shares of the business services provider’s stock worth $8,169,000 after acquiring an additional 419,429 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Cross Country Healthcare by 56.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,095,178 shares of the business services provider’s stock valued at $16,307,000 after acquiring an additional 397,216 shares during the period. Finally, Royce & Associates LP purchased a new position in shares of Cross Country Healthcare in the fourth quarter valued at about $3,208,000. Institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Stock Performance

NASDAQ:CCRN opened at $13.25 on Thursday. The company has a 50-day moving average price of $13.18 and a 200-day moving average price of $10.91. Cross Country Healthcare, Inc. has a 12 month low of $7.43 and a 12 month high of $14.99. The stock has a market cap of $428.05 million, a price-to-earnings ratio of -4.34, a P/E/G ratio of 14.32 and a beta of 0.45.

Cross Country Healthcare (NASDAQ:CCRN) last announced its earnings results on Thursday, May 7th. The business services provider reported ($0.03) earnings per share for the quarter, beating 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 firm had revenue of $241.06 million for the quarter, compared to analyst estimates of $237.06 million. Equities analysts forecast that Cross Country Healthcare, Inc. will post 0.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CCRN shares. Truist Financial increased their target price on shares of Cross Country Healthcare from $10.00 to $13.25 and gave the stock a “hold” rating in a report on Monday, May 11th. Citigroup downgraded Cross Country Healthcare from a “market outperform” rating to a “market perform” rating in a report on Thursday, May 7th. Barrington Research reaffirmed a “market perform” rating and set a $13.25 price target on shares of Cross Country Healthcare in a research report on Monday, June 8th. Wedbush cut Cross Country Healthcare from an “outperform” rating to a “hold” rating and dropped their price objective for the stock from $15.00 to $13.25 in a report on Thursday, May 7th. Finally, Citizens Jmp lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 7th. Nine investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Cross Country Healthcare currently has a consensus rating of “Reduce” and an average price target of $12.05.

About Cross Country Healthcare

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.