Municipal Employees Retirement System of Michigan Holds Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Municipal Employees Retirement System of Michigan continued to hold its stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,470 shares of the business services provider’s stock at the end of the first quarter. Municipal Employees Retirement System of Michigan’s holdings in Cross Country Healthcare were worth $107,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. LS Investment Advisors LLC increased its stake in Cross Country Healthcare by 484.5% in the first quarter. LS Investment Advisors LLC now owns 7,184 shares of the business services provider’s stock valued at $103,000 after buying an additional 5,955 shares in the last quarter. Mason Street Advisors LLC increased its stake in Cross Country Healthcare by 6.9% in the first quarter. Mason Street Advisors LLC now owns 7,713 shares of the business services provider’s stock valued at $111,000 after buying an additional 499 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Cross Country Healthcare during the first quarter valued at about $157,000. Navellier & Associates Inc acquired a new stake in Cross Country Healthcare during the first quarter valued at about $161,000. Finally, Sapphire Star Partners LP acquired a new stake in Cross Country Healthcare during the first quarter valued at about $161,000. Institutional investors own 89.98% of the company’s stock.

Shares of Cross Country Healthcare, Inc. (CCRN) opened at 12.31 on Monday. Cross Country Healthcare, Inc. has a one year low of $10.53 and a one year high of $16.38. The stock has a 50 day moving average price of $12.18 and a 200-day moving average price of $13.94. The company’s market capitalization is $448.49 million.

Cross Country Healthcare (NASDAQ:CCRN) last announced its quarterly earnings data on Wednesday, May 3rd. The business services provider reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.04. Cross Country Healthcare had a positive return on equity of 13.60% and a negative net margin of 1.55%. The company had revenue of $207.57 million during the quarter, compared to the consensus estimate of $212.43 million. Equities research analysts predict that Cross Country Healthcare, Inc. will post $0.63 earnings per share for the current fiscal year.

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Several equities research analysts have issued reports on CCRN shares. Benchmark Co. dropped their price objective on Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, May 4th. BMO Capital Markets reiterated a “buy” rating and issued a $18.00 price target on shares of Cross Country Healthcare in a report on Wednesday, April 5th. UBS AG reiterated a “buy” rating and issued a $15.00 price target (down from $16.50) on shares of Cross Country Healthcare in a report on Wednesday, June 14th. Finally, Zacks Investment Research upgraded Cross Country Healthcare from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $16.36.

About Cross Country Healthcare

Cross Country Healthcare, Inc is engaged in providing healthcare recruiting, staffing, recruiting and workforce solutions. The Company operates in three segments: Nurse and Allied Staffing, Physician Staffing and Other Human Capital Management Services. The Nurse and Allied Staffing segment provides traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, and branch-based local nurses and allied staffing.

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

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