Cross Country Healthcare, Inc. (NASDAQ:CCRN) Shares Sold by Deutsche Bank AG

Deutsche Bank AG cut its stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 73.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 118,431 shares of the business services provider's stock after selling 328,288 shares during the quarter. Deutsche Bank AG owned approximately 0.36% of Cross Country Healthcare worth $2,151,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in CCRN. Magnetar Financial LLC acquired a new stake in shares of Cross Country Healthcare in the 4th quarter valued at $41,421,000. Alliancebernstein L.P. increased its holdings in Cross Country Healthcare by 443.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,284,940 shares of the business services provider's stock valued at $23,335,000 after buying an additional 1,048,605 shares during the last quarter. AQR Arbitrage LLC acquired a new stake in Cross Country Healthcare in the fourth quarter valued at $10,851,000. Alpine Associates Management Inc. acquired a new stake in Cross Country Healthcare in the fourth quarter valued at $10,552,000. Finally, Chicago Capital Management LLC purchased a new stake in Cross Country Healthcare during the 4th quarter worth about $7,300,000. Hedge funds and other institutional investors own 96.03% of the company's stock.

Cross Country Healthcare Trading Up 0.6%

Shares of NASDAQ CCRN traded up $0.08 during trading hours on Wednesday, reaching $13.61. The stock had a trading volume of 7,837 shares, compared to its average volume of 581,947. The firm has a 50-day moving average of $14.17 and a 200-day moving average of $15.60. The firm has a market cap of $446.18 million, a price-to-earnings ratio of -272.15, a PEG ratio of 3.32 and a beta of 0.38. Cross Country Healthcare, Inc. has a fifty-two week low of $9.58 and a fifty-two week high of $18.50.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.02. Cross Country Healthcare had a positive return on equity of 5.38% and a negative net margin of 0.12%. The business's revenue for the quarter was down 22.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.19 earnings per share. On average, equities analysts predict that Cross Country Healthcare, Inc. will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. JMP Securities reissued a "market perform" rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. UBS Group dropped their price target on shares of Cross Country Healthcare from $18.61 to $16.50 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Wall Street Zen initiated coverage on shares of Cross Country Healthcare in a report on Thursday, May 15th. They set a "hold" rating on the stock. Finally, Barrington Research restated a "market perform" rating and issued a $18.61 target price on shares of Cross Country Healthcare in a report on Friday, March 14th. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $17.93.

Cross Country Healthcare Company 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.