Voya Investment Management LLC lessened its holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 76.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,277 shares of the business services provider's stock after selling 33,925 shares during the quarter. Voya Investment Management LLC's holdings in Cross Country Healthcare were worth $187,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the stock. Quadrant Capital Group LLC purchased a new stake in Cross Country Healthcare in the 4th quarter worth approximately $25,000. Geode Capital Management LLC boosted its position in Cross Country Healthcare by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 754,368 shares of the business services provider's stock worth $13,702,000 after purchasing an additional 2,112 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in Cross Country Healthcare in the 4th quarter worth approximately $46,000. Wells Fargo & Company MN boosted its position in Cross Country Healthcare by 20.7% in the 4th quarter. Wells Fargo & Company MN now owns 19,657 shares of the business services provider's stock worth $357,000 after purchasing an additional 3,371 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Cross Country Healthcare by 35.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,719 shares of the business services provider's stock worth $431,000 after purchasing an additional 6,214 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company's stock.
Cross Country Healthcare Price Performance
NASDAQ CCRN traded down $0.05 during mid-day trading on Monday, hitting $13.94. The stock had a trading volume of 97,204 shares, compared to its average volume of 587,258. The firm's 50 day moving average is $14.36 and its 200 day moving average is $15.54. Cross Country Healthcare, Inc. has a twelve month low of $9.58 and a twelve month high of $18.50. The stock has a market capitalization of $457.00 million, a price-to-earnings ratio of -278.74, a PEG ratio of 3.32 and a beta of 0.38.
Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last posted its quarterly earnings data 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 company posted $0.19 earnings per share. The company's quarterly revenue was down 22.6% compared to the same quarter last year. As a group, equities research analysts expect that Cross Country Healthcare, Inc. will post 0.53 earnings per share for the current year.
Analyst Upgrades and Downgrades
CCRN has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on Cross Country Healthcare in a research report on Thursday. They set a "hold" rating on the stock. Barrington Research reiterated a "market perform" rating and set a $18.61 target price on shares of Cross Country Healthcare in a research report on Friday, March 14th. JMP Securities reiterated a "market perform" rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Finally, UBS Group decreased their target price on Cross Country Healthcare from $18.61 to $16.50 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Seven analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $17.93.
Get Our Latest Stock Analysis on Cross Country Healthcare
Cross Country Healthcare Company Profile
(
Free Report)
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.
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