Cross Country Healthcare, Inc. $CCRN Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lifted its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 1,542.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,849 shares of the business services provider’s stock after purchasing an additional 45,874 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Cross Country Healthcare were worth $459,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quinn Opportunity Partners LLC acquired a new position in Cross Country Healthcare in the 4th quarter valued at about $8,470,000. Boston Partners purchased a new stake in shares of Cross Country Healthcare during the 4th quarter valued at approximately $6,414,000. Dana Investment Advisors Inc. lifted its holdings in Cross Country Healthcare by 71.2% in the fourth 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 last quarter. Goldman Sachs Group Inc. lifted its holdings in Cross Country Healthcare by 56.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,095,178 shares of the business services provider’s stock valued at $16,307,000 after acquiring an additional 397,216 shares during the last quarter. Finally, Royce & Associates LP purchased a new position in Cross Country Healthcare in the fourth quarter worth approximately $3,208,000. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CCRN has been the subject of several recent analyst reports. Citigroup cut Cross Country Healthcare from a “market outperform” rating to a “market perform” rating in a research note on Thursday, May 7th. Weiss Ratings upgraded Cross Country Healthcare from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 16th. Benchmark downgraded Cross Country Healthcare from a “buy” rating to a “hold” rating in a research report on Friday, May 8th. Citizens Jmp lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 7th. Finally, Truist Financial upped their target price on shares of Cross Country Healthcare from $10.00 to $13.25 and gave the company a “hold” rating in a research report on Monday, May 11th. Nine equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Cross Country Healthcare has a consensus rating of “Reduce” and a consensus target price of $12.05.

Cross Country Healthcare Price Performance

Shares of NASDAQ CCRN opened at $13.25 on Wednesday. The firm has a market cap of $428.05 million, a price-to-earnings ratio of -4.34, a PEG ratio of 14.32 and a beta of 0.45. Cross Country Healthcare, Inc. has a 52-week low of $7.43 and a 52-week high of $14.99. The business’s 50 day moving average is $13.20 and its two-hundred day moving average is $11.04.

Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings results on Thursday, May 7th. The business services provider reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Cross Country Healthcare had a negative return on equity of 0.74% and a negative net margin of 9.84%.The company had revenue of $241.06 million for the quarter, compared to analysts’ expectations of $237.06 million. Analysts anticipate that Cross Country Healthcare, Inc. will post 0.09 EPS for the current fiscal year.

Cross Country Healthcare 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.