Systematic Financial Management LP Sells 40,471 Shares of Cross Country Healthcare, Inc. $CCRN

Systematic Financial Management LP lessened its stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 7.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 507,297 shares of the business services provider’s stock after selling 40,471 shares during the quarter. Systematic Financial Management LP owned about 1.57% of Cross Country Healthcare worth $4,769,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of CCRN. BNP Paribas Financial Markets lifted its position in shares of Cross Country Healthcare by 50.0% during the second quarter. BNP Paribas Financial Markets now owns 3,424 shares of the business services provider’s stock worth $45,000 after purchasing an additional 1,142 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Cross Country Healthcare in the 4th quarter worth approximately $46,000. Tower Research Capital LLC TRC raised its position in Cross Country Healthcare by 422.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,586 shares of the business services provider’s stock worth $47,000 after purchasing an additional 2,899 shares during the last quarter. Graham Capital Management L.P. acquired a new position in Cross Country Healthcare during the 4th quarter worth $83,000. Finally, AXQ Capital LP acquired a new position in Cross Country Healthcare during the 4th quarter worth $109,000. 96.03% of the stock is owned by institutional investors.

Cross Country Healthcare Stock Performance

Shares of CCRN opened at $13.25 on Friday. Cross Country Healthcare, Inc. has a 1 year low of $7.43 and a 1 year high of $14.99. The stock has a market cap of $428.05 million, a P/E ratio of -4.34, a price-to-earnings-growth ratio of 14.32 and a beta of 0.45. The stock’s 50-day moving average price is $13.17 and its two-hundred day moving average price is $10.79.

Cross Country Healthcare (NASDAQ:CCRN) last posted its earnings results on Thursday, May 7th. The business services provider reported ($0.03) earnings per share (EPS) 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 analyst estimates of $237.06 million. Cross Country Healthcare had a negative return on equity of 0.74% and a negative net margin of 9.84%. As a group, equities analysts forecast that Cross Country Healthcare, Inc. will post 0.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Citigroup cut Cross Country Healthcare from a “market outperform” rating to a “market perform” rating in a research note on Thursday, May 7th. Benchmark lowered Cross Country Healthcare from a “buy” rating to a “hold” rating in a research note on Friday, May 8th. Citizens Jmp cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report 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. Finally, Wedbush lowered Cross Country Healthcare from an “outperform” rating to a “hold” rating and lowered their price objective for the stock from $15.00 to $13.25 in a research report on Thursday, May 7th. Nine equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $12.05.

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.