Bank of America Corp DE lessened its stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 67.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,353 shares of the business services provider's stock after selling 214,357 shares during the period. Bank of America Corp DE owned 0.31% of Cross Country Healthcare worth $1,859,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Amundi raised its position in Cross Country Healthcare by 385.4% in the 4th quarter. Amundi now owns 26,494 shares of the business services provider's stock worth $483,000 after purchasing an additional 21,036 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Cross Country Healthcare by 35.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,719 shares of the business services provider's stock worth $431,000 after purchasing an additional 6,214 shares during the last quarter. Yakira Capital Management Inc. bought a new position in Cross Country Healthcare in the 4th quarter worth approximately $1,013,000. Chicago Capital Management LLC bought a new position in Cross Country Healthcare in the 4th quarter worth approximately $7,300,000. Finally, Sei Investments Co. raised its position in shares of Cross Country Healthcare by 7.3% during the 4th quarter. Sei Investments Co. now owns 143,380 shares of the business services provider's stock valued at $2,604,000 after acquiring an additional 9,816 shares during the last quarter. Institutional investors own 96.03% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have commented on CCRN shares. Barrington Research reiterated a "market perform" rating and set a $18.61 target price on shares of Cross Country Healthcare in a research report on Friday, March 14th. UBS Group decreased their price target on shares of Cross Country Healthcare from $18.61 to $16.50 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, Wall Street Zen started coverage on shares of Cross Country Healthcare in a report on Thursday, May 15th. They issued a "hold" rating for the company. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $17.93.
Check Out Our Latest Report on CCRN
Cross Country Healthcare Trading Down 0.3%
Shares of CCRN stock traded down $0.04 on Friday, hitting $12.91. The stock had a trading volume of 191,835 shares, compared to its average volume of 580,676. The firm has a market cap of $423.23 million, a P/E ratio of -258.15, a PEG ratio of 3.32 and a beta of 0.37. Cross Country Healthcare, Inc. has a twelve month low of $9.58 and a twelve month high of $18.50. The company has a fifty day moving average price of $13.87 and a two-hundred day moving average price of $15.76.
Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last announced its earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, topping 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%. The business's revenue for the quarter was down 22.6% compared to the same quarter last year. During the same period last year, the firm posted $0.19 earnings per share. On average, analysts expect that Cross Country Healthcare, Inc. will post 0.53 earnings per share for the current year.
About Cross Country Healthcare
(
Free Report)
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.
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