WCM Investment Management CA Acquires New Holdings in Cross Country Healthcare, Inc. (CCRN)

WCM Investment Management CA purchased a new stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 79,270 shares of the business services provider’s stock, valued at approximately $1,011,000.

Other large investors also recently modified their holdings of the company. Schwab Charles Investment Management Inc. boosted its position in shares of Cross Country Healthcare by 20.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 75,215 shares of the business services provider’s stock valued at $972,000 after buying an additional 12,900 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Cross Country Healthcare by 8.7% during the second quarter. Alliancebernstein L.P. now owns 40,095 shares of the business services provider’s stock valued at $518,000 after buying an additional 3,200 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Cross Country Healthcare by 16.9% during the second quarter. Teachers Advisors LLC now owns 161,013 shares of the business services provider’s stock valued at $2,079,000 after buying an additional 23,235 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Cross Country Healthcare by 0.3% during the second quarter. TIAA CREF Investment Management LLC now owns 212,793 shares of the business services provider’s stock valued at $2,747,000 after buying an additional 614 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of Cross Country Healthcare by 17.5% during the second quarter. New York State Common Retirement Fund now owns 36,200 shares of the business services provider’s stock valued at $467,000 after buying an additional 5,399 shares during the last quarter. Hedge funds and other institutional investors own 92.09% of the company’s stock.

Several research firms recently commented on CCRN. Zacks Investment Research raised Cross Country Healthcare from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. BidaskClub raised Cross Country Healthcare from a “hold” rating to a “buy” rating in a research report on Saturday, February 3rd. BMO Capital Markets dropped their price objective on Cross Country Healthcare from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, November 6th. Credit Suisse Group began coverage on Cross Country Healthcare in a research report on Tuesday, November 7th. They set a “neutral” rating and a $13.00 price objective on the stock. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $18.00 price objective on shares of Cross Country Healthcare in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $15.25.

Cross Country Healthcare, Inc. (NASDAQ CCRN) opened at $12.81 on Friday. The stock has a market capitalization of $477.54, a PE ratio of 20.45, a price-to-earnings-growth ratio of 1.73 and a beta of 0.68. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.14 and a quick ratio of 2.14. Cross Country Healthcare, Inc. has a 12-month low of $11.07 and a 12-month high of $16.38.

In other Cross Country Healthcare news, General Counsel Susan E. Ball sold 25,000 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $14.19, for a total value of $354,750.00. Following the transaction, the general counsel now directly owns 126,921 shares of the company’s stock, valued at $1,801,008.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.90% of the company’s stock.

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Cross Country Healthcare Company Profile

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

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