Cross Country Healthcare, Inc. $CCRN Shares Sold by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC lessened its holdings in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 9.1% during the 4th quarter, Holdings Channel reports. The firm owned 626,107 shares of the business services provider’s stock after selling 62,889 shares during the period. Aristotle Capital Boston LLC’s holdings in Cross Country Healthcare were worth $5,071,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. increased its stake in shares of Cross Country Healthcare by 56.9% during the first 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Cross Country Healthcare by 7.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 115,823 shares of the business services provider’s stock worth $1,725,000 after buying an additional 8,490 shares during the period. Creative Planning purchased a new stake in shares of Cross Country Healthcare during the second quarter worth approximately $367,000. JPMorgan Chase & Co. increased its stake in shares of Cross Country Healthcare by 90.3% during the second quarter. JPMorgan Chase & Co. now owns 206,438 shares of the business services provider’s stock worth $2,694,000 after buying an additional 97,962 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Cross Country Healthcare by 3.6% during the second quarter. First Trust Advisors LP now owns 99,560 shares of the business services provider’s stock worth $1,299,000 after buying an additional 3,486 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CCRN. Weiss Ratings upgraded shares of Cross Country Healthcare from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Barrington Research restated a “market perform” rating and set a $13.25 target price on shares of Cross Country Healthcare in a research note on Monday, June 8th. Citigroup lowered shares of Cross Country Healthcare from a “market outperform” rating to a “market perform” rating in a research note on Thursday, May 7th. Wedbush lowered shares of Cross Country Healthcare from an “outperform” rating to a “hold” rating and cut their target price for the stock from $15.00 to $13.25 in a research note on Thursday, May 7th. Finally, Cross Research set a $14.00 target price on shares of Cross Country Healthcare in a research note on Thursday, March 5th. Nine analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $12.05.

Cross Country Healthcare Stock Performance

Cross Country Healthcare stock opened at $13.17 on Thursday. Cross Country Healthcare, Inc. has a one year low of $7.43 and a one year high of $14.99. The business has a fifty day moving average of $11.87 and a two-hundred day moving average of $9.89. The company has a market cap of $425.52 million, a P/E ratio of -4.32, a price-to-earnings-growth ratio of 14.25 and a beta of 0.45.

Cross Country Healthcare (NASDAQ:CCRN) last announced its quarterly earnings results on Thursday, May 7th. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. Cross Country Healthcare had a negative net margin of 9.84% and a negative return on equity of 0.74%. The business had revenue of $241.06 million during the quarter, compared to the consensus estimate of $237.07 million. Sell-side analysts predict that Cross Country Healthcare, Inc. will post 0.09 EPS for the current 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.