Argent Capital Management LLC boosted its stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 29.5% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 130,289 shares of the business services provider’s stock after acquiring an additional 29,675 shares during the quarter. Argent Capital Management LLC owned 0.36% of Cross Country Healthcare worth $1,854,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its stake in Cross Country Healthcare by 57.7% in 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 during the period. FDx Advisors Inc. acquired a new stake in Cross Country Healthcare in the 3rd quarter valued at $146,000. Strs Ohio grew its stake in Cross Country Healthcare by 69.5% in the 3rd quarter. Strs Ohio now owns 16,100 shares of the business services provider’s stock valued at $229,000 after acquiring an additional 6,600 shares during the period. Stevens Capital Management LP acquired a new stake in Cross Country Healthcare in the 3rd quarter valued at $249,000. Finally, Voya Investment Management LLC grew its stake in Cross Country Healthcare by 16.9% in the 2nd quarter. Voya Investment Management LLC now owns 18,329 shares of the business services provider’s stock valued at $237,000 after acquiring an additional 2,646 shares during the period. 92.13% of the stock is currently owned by hedge funds and other institutional investors.
In other news, General Counsel Susan E. Ball sold 25,000 shares of Cross Country Healthcare stock in a transaction on Friday, December 8th. The stock was sold at an average price of $14.19, for a total transaction of $354,750.00. Following the transaction, the general counsel now owns 126,921 shares in the company, valued at approximately $1,801,008.99. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas C. Dircks purchased 10,000 shares of Cross Country Healthcare stock in a transaction dated Monday, November 6th. The shares were bought at an average price of $11.77 per share, for a total transaction of $117,700.00. Following the acquisition, the director now owns 104,571 shares in the company, valued at $1,230,800.67. The disclosure for this purchase can be found here. Insiders own 3.90% of the company’s stock.
Cross Country Healthcare (NASDAQ:CCRN) last announced its earnings results on Wednesday, November 1st. The business services provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.05. Cross Country Healthcare had a net margin of 0.19% and a return on equity of 11.69%. The company had revenue of $228.50 million for the quarter, compared to analysts’ expectations of $228.97 million. During the same quarter in the previous year, the company posted $0.24 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. sell-side analysts forecast that Cross Country Healthcare, Inc. will post 0.64 earnings per share for the current year.
A number of equities research analysts recently issued reports on CCRN shares. TheStreet raised shares of Cross Country Healthcare from a “c+” rating to a “b” rating in a research note on Wednesday, September 27th. Zacks Investment Research cut shares of Cross Country Healthcare from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Cantor Fitzgerald reissued a “buy” rating and issued a $18.00 price target on shares of Cross Country Healthcare in a research note on Wednesday, November 1st. BMO Capital Markets lowered their target price on shares of Cross Country Healthcare from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Monday, November 6th. Finally, Credit Suisse Group started coverage on shares of Cross Country Healthcare in a research note on Tuesday, November 7th. They set a “neutral” rating and a $13.00 target price on the stock. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $15.31.
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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.
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