Cross Country Healthcare, Inc. (CCRN) Holdings Trimmed by Federated Investors Inc. PA

Federated Investors Inc. PA cut its stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 26.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 118,255 shares of the business services provider’s stock after selling 42,443 shares during the period. Federated Investors Inc. PA owned about 0.32% of Cross Country Healthcare worth $1,527,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Cadence Capital Management LLC lifted its stake in Cross Country Healthcare by 5.8% during the 2nd quarter. Cadence Capital Management LLC now owns 97,424 shares of the business services provider’s stock valued at $1,258,000 after acquiring an additional 5,321 shares in the last quarter. Marshall Wace North America L.P. lifted its stake in Cross Country Healthcare by 52.6% during the 2nd quarter. Marshall Wace North America L.P. now owns 46,393 shares of the business services provider’s stock valued at $603,000 after acquiring an additional 15,987 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in Cross Country Healthcare by 57.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,998 shares of the business services provider’s stock valued at $129,000 after acquiring an additional 3,660 shares in the last quarter. Legal & General Group Plc lifted its stake in Cross Country Healthcare by 5.8% during the 2nd quarter. Legal & General Group Plc now owns 57,594 shares of the business services provider’s stock valued at $743,000 after acquiring an additional 3,174 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Cross Country Healthcare by 3.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 545,805 shares of the business services provider’s stock valued at $7,047,000 after acquiring an additional 18,133 shares in the last quarter. Institutional investors and hedge funds own 91.45% of the company’s stock.

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In other news, insider William J. Grubbs sold 49,113 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $12.16, for a total transaction of $597,214.08. Following the transaction, the insider now directly owns 395,188 shares of the company’s stock, valued at $4,805,486.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 4.20% of the company’s stock.

Several equities analysts have weighed in on CCRN shares. UBS AG restated a “buy” rating and set a $15.00 price objective (down from $16.50) on shares of Cross Country Healthcare in a research note on Wednesday, June 14th. Zacks Investment Research cut Cross Country Healthcare from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. BidaskClub lowered Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, Benchmark Co. decreased their target price on Cross Country Healthcare from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. Cross Country Healthcare has a consensus rating of “Buy” and a consensus price target of $15.64.

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) opened at 12.64 on Wednesday. The stock has a market capitalization of $461.28 million, a price-to-earnings ratio of 46.64 and a beta of 0.85. Cross Country Healthcare, Inc. has a 12 month low of $10.88 and a 12 month high of $16.38. The stock’s 50 day moving average price is $12.34 and its 200 day moving average price is $13.01.

Cross Country Healthcare (NASDAQ:CCRN) last announced its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.07. The firm had revenue of $209.31 million for the quarter, compared to the consensus estimate of $209.92 million. Cross Country Healthcare had a return on equity of 12.78% and a net margin of 1.06%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 earnings per share. Analysts expect that Cross Country Healthcare, Inc. will post $0.61 EPS for the current year.

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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