Systematic Financial Management LP Has $4.44 Million Stock Holdings in Cross Country Healthcare, Inc. $CCRN

Systematic Financial Management LP trimmed its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 21.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 547,768 shares of the business services provider’s stock after selling 151,253 shares during the period. Systematic Financial Management LP’s holdings in Cross Country Healthcare were worth $4,437,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CCRN. Dana Investment Advisors Inc. raised its position in shares of Cross Country Healthcare by 71.2% in the 4th quarter. Dana Investment Advisors Inc. now owns 1,008,525 shares of the business services provider’s stock valued at $8,169,000 after acquiring an additional 419,429 shares during the period. Goldman Sachs Group Inc. raised its holdings in Cross Country Healthcare by 56.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,095,178 shares of the business services provider’s stock worth $16,307,000 after buying an additional 397,216 shares during the period. Prescott Group Capital Management L.L.C. acquired a new stake in Cross Country Healthcare during the 4th quarter worth approximately $2,292,000. Man Group plc raised its holdings in Cross Country Healthcare by 210.5% during the 3rd quarter. Man Group plc now owns 328,452 shares of the business services provider’s stock worth $4,664,000 after buying an additional 222,676 shares during the period. Finally, Woodline Partners LP acquired a new stake in Cross Country Healthcare during the 3rd quarter worth approximately $2,198,000. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on CCRN. Wedbush downgraded shares of Cross Country Healthcare from an “outperform” rating to a “hold” rating and dropped their target price for the stock from $15.00 to $13.25 in a report on Thursday, May 7th. Citizens Jmp downgraded shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 7th. Benchmark downgraded shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a report on Friday, May 8th. Truist Financial raised their target price on shares of Cross Country Healthcare from $10.00 to $13.25 and gave the stock a “hold” rating in a report on Monday, May 11th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Cross Country Healthcare in a report on Friday, March 27th. Nine investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $12.72.

Cross Country Healthcare Price Performance

Shares of CCRN opened at $13.05 on Monday. The stock has a market capitalization of $421.95 million, a P/E ratio of -4.28, a P/E/G ratio of 13.38 and a beta of 0.35. Cross Country Healthcare, Inc. has a twelve month low of $7.43 and a twelve month high of $14.99. The company has a 50 day moving average of $10.52 and a 200-day moving average of $9.70.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings results on Thursday, May 7th. The business services provider reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. The company had revenue of $241.06 million during the quarter, compared to analysts’ expectations of $237.07 million. Cross Country Healthcare had a negative net margin of 9.84% and a negative return on equity of 0.74%. On average, sell-side analysts anticipate that Cross Country Healthcare, Inc. will post 0.1 earnings per share for the current fiscal year.

Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc, headquartered in Boca Raton, Florida, is a leading provider of healthcare workforce solutions in the United States. The company specializes in the recruitment, placement and management of nursing and allied health professionals on both a travel and permanent basis. Through its integrated platform, Cross Country Healthcare serves hospitals, health systems, and long-term care facilities by matching qualified clinical talent with patient care needs across diverse care settings.

The company’s core service offerings include travel nurse and allied health staffing, per diem staffing, permanent placement services, and managed services programs.