Public Employees Retirement System of Ohio reduced its holdings in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 96.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,903 shares of the business services provider's stock after selling 56,241 shares during the period. Public Employees Retirement System of Ohio's holdings in Cross Country Healthcare were worth $35,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC acquired a new position in shares of Cross Country Healthcare in the fourth quarter valued at about $25,000. Plato Investment Management Ltd acquired a new position in shares of Cross Country Healthcare in the fourth quarter valued at about $46,000. Mint Tower Capital Management B.V. acquired a new position in shares of Cross Country Healthcare in the fourth quarter valued at about $182,000. Guggenheim Capital LLC acquired a new position in shares of Cross Country Healthcare in the fourth quarter valued at about $201,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Cross Country Healthcare in the fourth quarter valued at about $217,000. 96.03% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. Wall Street Zen assumed coverage on Cross Country Healthcare in a report on Thursday, May 15th. They issued a "hold" rating on the stock. UBS Group cut 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. Finally, Barrington Research reissued a "market perform" rating and issued a $18.61 price objective on shares of Cross Country Healthcare in a report on Friday, March 14th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $17.93.
Read Our Latest Stock Analysis on CCRN
Cross Country Healthcare Stock Down 0.3%
Shares of CCRN opened at $12.91 on Friday. Cross Country Healthcare, Inc. has a 52 week low of $9.58 and a 52 week high of $18.50. The company has a market capitalization of $423.23 million, a price-to-earnings ratio of -258.15, a PEG ratio of 3.32 and a beta of 0.37. The stock's 50-day moving average price is $13.87 and its 200-day moving average price is $15.72.
Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last issued its earnings results on Wednesday, May 7th. The business services provider reported $0.06 EPS for the quarter, topping 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%. During the same period in the prior year, the business earned $0.19 EPS. The firm's revenue for the quarter was down 22.6% compared to the same quarter last year. As a group, equities analysts anticipate that Cross Country Healthcare, Inc. will post 0.53 EPS for the current fiscal year.
Cross Country Healthcare Company Profile
(
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.
See Also
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