Foundry Partners LLC decreased its holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 2.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 380,953 shares of the business services provider’s stock after selling 11,066 shares during the quarter. Foundry Partners LLC’s holdings in Cross Country Healthcare were worth $3,326,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. BlackRock Inc. grew its position in Cross Country Healthcare by 7.0% in the second quarter. BlackRock Inc. now owns 4,963,305 shares of the business services provider’s stock worth $55,837,000 after buying an additional 325,121 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Cross Country Healthcare by 12.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,960,349 shares of the business services provider’s stock worth $22,054,000 after buying an additional 216,714 shares during the last quarter. Royce & Associates LP grew its position in Cross Country Healthcare by 2.8% in the second quarter. Royce & Associates LP now owns 1,060,481 shares of the business services provider’s stock worth $11,930,000 after buying an additional 28,500 shares during the last quarter. Investment Counselors of Maryland LLC acquired a new position in Cross Country Healthcare in the second quarter worth approximately $10,180,000. Finally, Heartland Advisors Inc. grew its position in Cross Country Healthcare by 79.8% in the second quarter. Heartland Advisors Inc. now owns 880,756 shares of the business services provider’s stock worth $9,909,000 after buying an additional 390,808 shares during the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Several research firms have issued reports on CCRN. ValuEngine lowered shares of Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. BidaskClub lowered shares of Cross Country Healthcare from a “hold” rating to a “sell” rating in a research note on Saturday, September 22nd. Barrington Research reaffirmed an “outperform” rating on shares of Cross Country Healthcare in a research note on Thursday, August 9th. Zacks Investment Research raised shares of Cross Country Healthcare from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $10.00 price objective (down previously from $11.00) on shares of Cross Country Healthcare in a research note on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. Cross Country Healthcare presently has an average rating of “Hold” and an average price target of $12.86.

In related news, General Counsel Susan E. Ball bought 5,091 shares of the firm’s stock in a transaction on Thursday, August 9th. The stock was bought at an average price of $9.65 per share, with a total value of $49,128.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider William J. Grubbs bought 10,000 shares of the firm’s stock in a transaction on Wednesday, August 8th. The shares were bought at an average cost of $8.93 per share, with a total value of $89,300.00. Following the purchase, the insider now directly owns 422,291 shares in the company, valued at $3,771,058.63. The disclosure for this purchase can be found here. Insiders purchased a total of 37,341 shares of company stock valued at $344,203 in the last ninety days. Company insiders own 3.40% of the company’s stock.

Cross Country Healthcare stock opened at $8.31 on Friday. Cross Country Healthcare, Inc. has a 52 week low of $7.41 and a 52 week high of $14.49. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.33 and a quick ratio of 2.33. The company has a market capitalization of $301.61 million, a P/E ratio of 16.29, a PEG ratio of 2.82 and a beta of 0.79.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings data on Wednesday, August 1st. The business services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Cross Country Healthcare had a return on equity of 7.90% and a net margin of 4.39%. The firm had revenue of $204.57 million during the quarter, compared to analyst estimates of $209.29 million. During the same period in the prior year, the business posted $0.16 EPS. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. Equities analysts forecast that Cross Country Healthcare, Inc. will post 0.24 EPS for the current year.

Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc provides healthcare staffing, recruiting, and workforce solutions in the United States. The company operates in three segments: Nurse and Allied Staffing, Physician Staffing, and Other Human Capital Management Services. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, branch-based local nurses, and allied staffing; short-term staffing of registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and travel allied professionals on long-term contract assignments.

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Institutional Ownership by Quarter for Cross Country Healthcare (NASDAQ:CCRN)

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