Systematic Financial Management LP Sells 673,779 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Systematic Financial Management LP lowered its stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 40.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Quadrant Capital Group LLC bought a new position in Cross Country Healthcare in the 4th quarter valued at about $25,000. Plato Investment Management Ltd acquired a new stake in shares of Cross Country Healthcare during the 4th quarter worth approximately $46,000. Mint Tower Capital Management B.V. bought a new position in Cross Country Healthcare in the fourth quarter valued at approximately $182,000. Guggenheim Capital LLC acquired a new position in Cross Country Healthcare during the fourth quarter valued at approximately $201,000. Finally, Envestnet Asset Management Inc. acquired a new position in Cross Country Healthcare during the fourth quarter valued at approximately $217,000. Institutional investors and hedge funds own 96.03% of the company's stock.

Wall Street Analysts Forecast Growth

CCRN has been the topic of a number of research analyst reports. UBS Group reduced their target price 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. JMP Securities reissued a "market perform" rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. StockNews.com assumed coverage on shares of Cross Country Healthcare in a report on Thursday, May 15th. They issued a "hold" rating for the company. Finally, Barrington Research reaffirmed a "market perform" rating and set a $18.61 price target on shares of Cross Country Healthcare in a report on Friday, March 14th. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Cross Country Healthcare has an average rating of "Hold" and an average price target of $17.93.

Cross Country Healthcare Price Performance

Shares of NASDAQ CCRN traded down $0.15 during mid-day trading on Tuesday, hitting $13.79. 140,497 shares of the stock traded hands, compared to its average volume of 586,205. The company has a market cap of $452.08 million, a PE ratio of -275.74, a price-to-earnings-growth ratio of 3.32 and a beta of 0.38. Cross Country Healthcare, Inc. has a twelve month low of $9.58 and a twelve month high of $18.50. The firm has a 50 day simple moving average of $14.32 and a two-hundred day simple moving average of $15.53.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last posted its earnings results on Wednesday, May 7th. The business services provider reported $0.06 EPS for the quarter, beating the consensus estimate 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 firm earned $0.19 earnings per share. The firm's quarterly revenue was down 22.6% compared to the same quarter last year. On average, equities research analysts anticipate 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.