Cross Country Healthcare, Inc. (NASDAQ:CCRN) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 96.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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.

Several other hedge funds and other institutional investors have also recently modified their holdings of CCRN. Quadrant Capital Group LLC acquired a new position in Cross Country Healthcare in the 4th quarter valued at about $25,000. Plato Investment Management Ltd acquired a new position in Cross Country Healthcare in the 4th quarter valued at about $46,000. Mint Tower Capital Management B.V. acquired a new position in Cross Country Healthcare in the 4th quarter valued at about $182,000. Guggenheim Capital LLC acquired a new position in Cross Country Healthcare in the 4th quarter valued at about $201,000. Finally, Envestnet Asset Management Inc. acquired a new position in Cross Country Healthcare in the 4th quarter valued at about $217,000. 96.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Cross Country Healthcare Stock Performance

Shares of Cross Country Healthcare stock traded down $0.05 on Tuesday, reaching $13.05. The company had a trading volume of 132,636 shares, compared to its average volume of 579,843. The firm's 50 day moving average price is $13.80 and its two-hundred day moving average price is $15.80. The firm has a market cap of $427.82 million, a PE ratio of -260.95, a PEG ratio of 3.32 and a beta of 0.37. Cross Country Healthcare, Inc. has a 52-week low of $9.58 and a 52-week high of $18.50.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share (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%. The firm's revenue was down 22.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.19 EPS. As a group, sell-side analysts predict that Cross Country Healthcare, Inc. will post 0.53 EPS for the current year.

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.