Cross Country Healthcare, Inc. (NASDAQ:CCRN) Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP lowered its holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 40.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 988,951 shares of the business services provider's stock after selling 673,779 shares during the period. Systematic Financial Management LP owned approximately 3.01% of Cross Country Healthcare worth $17,959,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sagefield Capital LP acquired a new position in Cross Country Healthcare during the 4th quarter worth approximately $1,308,000. ProShare Advisors LLC purchased a new stake in Cross Country Healthcare in the 4th quarter valued at $441,000. OMERS ADMINISTRATION Corp purchased a new stake in Cross Country Healthcare in the 4th quarter valued at $2,771,000. Millennium Management LLC raised its position in Cross Country Healthcare by 657.5% in the 4th quarter. Millennium Management LLC now owns 405,600 shares of the business services provider's stock valued at $7,366,000 after purchasing an additional 352,056 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 valued at $334,000 after purchasing an additional 817 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company's stock.

Analyst Upgrades and Downgrades

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

Cross Country Healthcare Trading Down 0.5%

Shares of NASDAQ:CCRN traded down $0.07 on Thursday, reaching $13.70. 34,872 shares of the company were exchanged, compared to its average volume of 583,575. Cross Country Healthcare, Inc. has a 1-year low of $9.58 and a 1-year high of $18.50. The firm has a market cap of $449.13 million, a price-to-earnings ratio of -273.95, a price-to-earnings-growth ratio of 3.32 and a beta of 0.38. The company has a 50-day moving average of $14.28 and a 200-day moving average of $15.52.

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

About Cross Country Healthcare

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.