Aristotle Capital Boston LLC Decreases Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Aristotle Capital Boston LLC cut its stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 860,695 shares of the business services provider's stock after selling 96,730 shares during the period. Aristotle Capital Boston LLC owned approximately 2.62% of Cross Country Healthcare worth $15,630,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quadrant Capital Group LLC acquired a new stake in Cross Country Healthcare in the fourth quarter valued at $25,000. Geode Capital Management LLC boosted its position in shares of Cross Country Healthcare by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 754,368 shares of the business services provider's stock worth $13,702,000 after buying an additional 2,112 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in Cross Country Healthcare in the 4th quarter valued at about $46,000. Wells Fargo & Company MN increased its holdings in Cross Country Healthcare by 20.7% during the 4th quarter. Wells Fargo & Company MN now owns 19,657 shares of the business services provider's stock valued at $357,000 after acquiring an additional 3,371 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Cross Country Healthcare by 35.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,719 shares of the business services provider's stock worth $431,000 after acquiring an additional 6,214 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CCRN has been the topic of several research reports. Barrington Research reiterated a "market perform" rating and issued a $18.61 price target on shares of Cross Country Healthcare in a research report on Friday, March 14th. StockNews.com assumed coverage on Cross Country Healthcare in a report on Wednesday. They set a "hold" rating on the stock. Finally, JMP Securities reissued a "market perform" rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Cross Country Healthcare presently has an average rating of "Hold" and an average target price of $18.41.

Cross Country Healthcare Price Performance

CCRN stock traded up $0.08 during midday trading on Thursday, hitting $13.92. The stock had a trading volume of 107,587 shares, compared to its average volume of 590,250. The company's 50-day moving average price is $14.73 and its 200 day moving average price is $15.37. Cross Country Healthcare, Inc. has a 12-month low of $9.58 and a 12-month high of $18.50. The firm has a market cap of $456.38 million, a PE ratio of -278.34, a price-to-earnings-growth ratio of 3.32 and a beta of 0.38.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.02. Cross Country Healthcare had a negative net margin of 0.12% and a positive return on equity of 5.38%. During the same quarter in the prior year, the company posted $0.19 earnings per share. The business's quarterly revenue was down 22.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Cross Country Healthcare, Inc. will post 0.53 EPS for the current year.

About Cross Country Healthcare

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.