Paradiem LLC Trims Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Paradiem LLC trimmed its holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 51.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 64,050 shares of the business services provider’s stock after selling 67,939 shares during the period. Paradiem LLC owned 0.18% of Cross Country Healthcare worth $1,450,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. GAMMA Investing LLC purchased a new position in Cross Country Healthcare during the fourth quarter worth about $28,000. Aigen Investment Management LP purchased a new position in Cross Country Healthcare during the third quarter worth about $219,000. Truvestments Capital LLC raised its holdings in Cross Country Healthcare by 26.1% during the third quarter. Truvestments Capital LLC now owns 9,721 shares of the business services provider’s stock worth $241,000 after purchasing an additional 2,013 shares in the last quarter. Everence Capital Management Inc. purchased a new position in Cross Country Healthcare during the fourth quarter worth about $251,000. Finally, Versor Investments LP purchased a new position in Cross Country Healthcare during the third quarter worth about $300,000. 96.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cross Country Healthcare

In other Cross Country Healthcare news, insider Karen Mote sold 6,216 shares of Cross Country Healthcare stock in a transaction on Friday, March 15th. The stock was sold at an average price of $16.95, for a total transaction of $105,361.20. Following the sale, the insider now owns 35,101 shares of the company’s stock, valued at approximately $594,961.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.90% of the stock is owned by company insiders.

Cross Country Healthcare Stock Down 1.5 %

Cross Country Healthcare stock traded down $0.26 during mid-day trading on Friday, hitting $17.14. 210,368 shares of the company’s stock traded hands, compared to its average volume of 228,958. The firm has a 50 day moving average price of $17.92 and a 200 day moving average price of $20.22. The company has a market cap of $594.36 million, a PE ratio of 8.44, a price-to-earnings-growth ratio of 1.86 and a beta of 0.75. Cross Country Healthcare, Inc. has a one year low of $15.65 and a one year high of $28.75.

Cross Country Healthcare (NASDAQ:CCRN) last announced its earnings results on Wednesday, February 21st. The business services provider reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. The firm had revenue of $414.04 million for the quarter, compared to the consensus estimate of $404.42 million. Cross Country Healthcare had a return on equity of 16.93% and a net margin of 3.60%. The firm’s revenue for the quarter was down 34.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 EPS. On average, analysts expect that Cross Country Healthcare, Inc. will post 0.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CCRN has been the topic of several recent research reports. Barrington Research reduced their price objective on Cross Country Healthcare from $26.00 to $24.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 27th. Benchmark decreased their price objective on Cross Country Healthcare from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, February 22nd. Truist Financial decreased their price objective on Cross Country Healthcare from $22.00 to $16.00 and set a “hold” rating on the stock in a research note on Thursday, February 22nd. Finally, TheStreet downgraded Cross Country Healthcare from a “b-” rating to a “c+” rating in a report on Friday, March 1st. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $21.67.

Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company's Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; vendor neutral and managed services programs; education healthcare services; in-home care services; and outsourcing services.