Strs Ohio Takes $536,000 Position in Cross Country Healthcare, Inc. $CCRN

Key Points

• Strs Ohio has acquired a new stake in Cross Country Healthcare, Inc. (NASDAQ: CCRN), purchasing 36,000 shares valued at approximately $536,000, representing about 0.11% of the company.
• Analysts have established a consensus target price of $17.93 for Cross Country Healthcare, with a majority rating it as a "Hold."
• For the most recent quarter, Cross Country Healthcare reported a loss of $0.01 per share, missing analysts' expectations, with revenue of $274.07 million compared to projected $292.67 million.

Strs Ohio acquired a new stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 36,000 shares of the business services provider's stock, valued at approximately $536,000. Strs Ohio owned 0.11% of Cross Country Healthcare at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Longfellow Investment Management Co. LLC bought a new stake in Cross Country Healthcare in the 1st quarter worth about $59,000. AlphaQuest LLC increased its holdings in Cross Country Healthcare by 324.6% in the 1st quarter. AlphaQuest LLC now owns 8,297 shares of the business services provider's stock worth $124,000 after buying an additional 6,343 shares in the last quarter. Nomura Holdings Inc. bought a new stake in Cross Country Healthcare in the 1st quarter worth about $232,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in 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 worth $334,000 after buying an additional 817 shares in the last quarter. Finally, Vident Advisory LLC bought a new stake in Cross Country Healthcare in the 1st quarter worth about $392,000. Hedge funds and other institutional investors own 96.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wall Street Zen upgraded Cross Country Healthcare to a "hold" rating in a research note on Saturday, August 9th. Barrington Research restated a "market perform" rating and set a $18.61 price target on shares of Cross Country Healthcare in a research note on Tuesday, June 17th. Six research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $17.93.

Cross Country Healthcare Price Performance

Cross Country Healthcare stock traded down $0.17 during midday trading on Monday, reaching $13.37. The company's stock had a trading volume of 267,620 shares, compared to its average volume of 408,540. The stock's 50-day simple moving average is $13.26 and its 200-day simple moving average is $13.68. Cross Country Healthcare, Inc. has a 52-week low of $9.58 and a 52-week high of $18.33. The stock has a market capitalization of $438.00 million, a P/E ratio of -51.42, a PEG ratio of 8.08 and a beta of 0.38.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.08). The firm had revenue of $274.07 million during the quarter, compared to analysts' expectations 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, equities research analysts expect that Cross Country Healthcare, Inc. will post 0.53 earnings per share for the current fiscal 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.