OMERS ADMINISTRATION Corp Acquires 278,200 Shares of Cross Country Healthcare, Inc. $CCRN

Key Points

• OMERS ADMINISTRATION Corp significantly increased its holdings in Cross Country Healthcare by 182.3% during the first quarter, owning 430,800 shares worth $6.4 million.
• The company reported a loss of ($0.01) EPS for the last quarter, missing expectations, and generated revenue of $274.07 million, below the estimate of $292.67 million.
• Cross Country Healthcare has received varying ratings from analysts, with an average target price of $17.93 and a current rating of "Hold."

OMERS ADMINISTRATION Corp grew its holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 182.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 430,800 shares of the business services provider's stock after purchasing an additional 278,200 shares during the period. OMERS ADMINISTRATION Corp owned about 1.31% of Cross Country Healthcare worth $6,415,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Longfellow Investment Management Co. LLC acquired a new position in shares of Cross Country Healthcare in the 1st quarter valued at about $59,000. AlphaQuest LLC increased its holdings in shares of Cross Country Healthcare by 324.6% in the 1st quarter. AlphaQuest LLC now owns 8,297 shares of the business services provider's stock valued at $124,000 after purchasing an additional 6,343 shares during the period. Envestnet Asset Management Inc. acquired a new position in shares of Cross Country Healthcare in the 4th quarter valued at about $217,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Cross Country Healthcare by 4.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,386 shares of the business services provider's stock valued at $334,000 after purchasing an additional 817 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Cross Country Healthcare by 20.7% in the 4th quarter. Wells Fargo & Company MN now owns 19,657 shares of the business services provider's stock valued at $357,000 after purchasing an additional 3,371 shares during the period. Institutional investors and hedge funds own 96.03% of the company's stock.

Cross Country Healthcare Trading Down 2.9%

Cross Country Healthcare stock traded down $0.38 during trading hours on Wednesday, reaching $12.91. 60,140 shares of the company were exchanged, compared to its average volume of 335,416. The firm has a market cap of $422.93 million, a price-to-earnings ratio of -49.65, a PEG ratio of 6.76 and a beta of 0.38. The stock has a 50-day moving average of $13.09 and a 200 day moving average of $14.09. Cross Country Healthcare, Inc. has a 12 month low of $9.58 and a 12 month high of $18.33.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last announced its earnings results on Wednesday, August 6th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.08). The company had revenue of $274.07 million for the quarter, compared to the consensus estimate of $292.67 million. Cross Country Healthcare had a positive return on equity of 1.72% and a negative net margin of 0.70%. As a group, research analysts forecast that Cross Country Healthcare, Inc. will post 0.53 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wall Street Zen upgraded Cross Country Healthcare to a "hold" rating in a report on Saturday, August 9th. Barrington Research restated a "market perform" rating and issued a $18.61 price objective on shares of Cross Country Healthcare in a report on Tuesday, June 17th. Finally, UBS Group dropped their price objective on Cross Country Healthcare from $18.61 to $16.50 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Six research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $17.93.

Cross Country Healthcare Profile

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.