Vident Advisory LLC Acquires Shares of 26,334 Cross Country Healthcare, Inc. $CCRN

Key Points

• Vident Advisory LLC has acquired a stake of 26,334 shares in Cross Country Healthcare, valued at approximately $392,000, representing about 0.08% of the company.
• Cross Country Healthcare's latest quarterly earnings showed an earnings per share (EPS) of ($0.01), missing estimates, with revenues of $274.07 million, compared to anticipated revenues of $292.67 million.
• Hedge funds and institutional investors collectively own 96.03% of Cross Country Healthcare's stock, indicating significant institutional interest and involvement in the company.

Vident Advisory LLC purchased a new stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 26,334 shares of the business services provider's stock, valued at approximately $392,000. Vident Advisory LLC owned about 0.08% of Cross Country Healthcare as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CCRN. SummerHaven Investment Management LLC grew its stake in shares of Cross Country Healthcare by 1.4% in the first quarter. SummerHaven Investment Management LLC now owns 57,641 shares of the business services provider's stock worth $858,000 after acquiring an additional 789 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Cross Country Healthcare by 4.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,386 shares of the business services provider's stock worth $334,000 after acquiring an additional 817 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Cross Country Healthcare by 2.7% in the first quarter. Principal Financial Group Inc. now owns 31,821 shares of the business services provider's stock worth $474,000 after acquiring an additional 827 shares during the last quarter. Longfellow Investment Management Co. LLC acquired a new stake in shares of Cross Country Healthcare in the first quarter worth $59,000. Finally, ABC Arbitrage SA grew its stake in shares of Cross Country Healthcare by 2.9% in the first quarter. ABC Arbitrage SA now owns 172,087 shares of the business services provider's stock worth $2,562,000 after acquiring an additional 4,823 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company's stock.

Cross Country Healthcare Stock Down 0.9%

CCRN stock traded down $0.11 during midday trading on Friday, reaching $12.55. The stock had a trading volume of 532,012 shares, compared to its average volume of 336,821. The firm has a market cap of $411.14 million, a price-to-earnings ratio of -48.27, a PEG ratio of 6.39 and a beta of 0.38. Cross Country Healthcare, Inc. has a twelve month low of $9.58 and a twelve month high of $18.33. The business has a fifty day simple moving average of $13.16 and a two-hundred day simple moving average of $13.87.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last issued 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). Cross Country Healthcare had a negative net margin of 0.70% and a positive return on equity of 1.72%. The business had revenue of $274.07 million during the quarter, compared to analyst estimates of $292.67 million. On average, equities analysts predict that Cross Country Healthcare, Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on CCRN shares. Barrington Research reaffirmed a "market perform" rating and issued a $18.61 target price on shares of Cross Country Healthcare in a research report on Tuesday, June 17th. Wall Street Zen raised Cross Country Healthcare to a "hold" rating in a research report on Saturday, August 9th. Six research analysts have rated the stock with a Hold rating, According to MarketBeat, Cross Country Healthcare currently has an average rating of "Hold" and a consensus 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.