Oddo BHF Asset Management Sas Sells 332,700 Shares of Cross Country Healthcare, Inc. $CCRN

Oddo BHF Asset Management Sas trimmed its holdings in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 26.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 940,000 shares of the business services provider’s stock after selling 332,700 shares during the quarter. Oddo BHF Asset Management Sas owned about 2.91% of Cross Country Healthcare worth $8,836,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in shares of Cross Country Healthcare by 44.1% during the 1st quarter. Royal Bank of Canada now owns 48,851 shares of the business services provider’s stock valued at $459,000 after acquiring an additional 14,950 shares during the last quarter. Quantinno Capital Management LP increased its position in shares of Cross Country Healthcare by 43.1% in the first quarter. Quantinno Capital Management LP now owns 71,740 shares of the business services provider’s stock worth $674,000 after purchasing an additional 21,606 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Cross Country Healthcare by 67.2% in the first quarter. Lazard Asset Management LLC now owns 58,168 shares of the business services provider’s stock worth $547,000 after purchasing an additional 23,374 shares during the last quarter. Renaissance Technologies LLC raised its stake in Cross Country Healthcare by 14.4% in the first quarter. Renaissance Technologies LLC now owns 245,400 shares of the business services provider’s stock valued at $2,307,000 after purchasing an additional 30,800 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in Cross Country Healthcare by 1,542.0% in the first quarter. Public Employees Retirement System of Ohio now owns 48,849 shares of the business services provider’s stock valued at $459,000 after purchasing an additional 45,874 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors.

Cross Country Healthcare Stock Performance

Shares of Cross Country Healthcare stock opened at $13.25 on Thursday. Cross Country Healthcare, Inc. has a 52-week low of $7.43 and a 52-week high of $14.99. The company has a fifty day moving average of $13.18 and a 200-day moving average of $10.91. The stock has a market capitalization of $428.05 million, a price-to-earnings ratio of -4.34, a price-to-earnings-growth ratio of 14.32 and a beta of 0.45.

Cross Country Healthcare (NASDAQ:CCRN) last issued its 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 net margin of 9.84% and a negative return on equity of 0.74%. The company had revenue of $241.06 million for the quarter, compared to analysts’ expectations of $237.06 million. On average, equities research analysts forecast that Cross Country Healthcare, Inc. will post 0.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CCRN has been the subject of a number of research reports. Citigroup cut shares of Cross Country Healthcare from a “market outperform” rating to a “market perform” rating in a research note on Thursday, May 7th. Barrington Research reiterated a “market perform” rating and issued a $13.25 target price on shares of Cross Country Healthcare in a research report on Monday, June 8th. Citizens Jmp lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 7th. Truist Financial increased their target price on Cross Country Healthcare from $10.00 to $13.25 and gave the company a “hold” rating in a research note on Monday, May 11th. Finally, Wedbush downgraded Cross Country Healthcare from an “outperform” rating to a “hold” rating and lowered their price target for the company 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average 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.