Oregon Public Employees Retirement Fund Cuts Holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Oregon Public Employees Retirement Fund decreased its position in Cross Country Healthcare, Inc. (NASDAQ:CCRNGet Rating) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,920 shares of the business services provider’s stock after selling 600 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Cross Country Healthcare were worth $386,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. First Republic Investment Management Inc. increased its stake in shares of Cross Country Healthcare by 0.9% during the third quarter. First Republic Investment Management Inc. now owns 84,471 shares of the business services provider’s stock worth $1,794,000 after purchasing an additional 778 shares in the last quarter. Voya Investment Management LLC increased its stake in shares of Cross Country Healthcare by 2.1% during the third quarter. Voya Investment Management LLC now owns 47,900 shares of the business services provider’s stock worth $1,018,000 after purchasing an additional 994 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Cross Country Healthcare by 12.4% during the third quarter. Royal Bank of Canada now owns 9,963 shares of the business services provider’s stock worth $211,000 after purchasing an additional 1,103 shares in the last quarter. Citigroup Inc. increased its stake in shares of Cross Country Healthcare by 7.6% during the third quarter. Citigroup Inc. now owns 20,183 shares of the business services provider’s stock worth $429,000 after purchasing an additional 1,425 shares in the last quarter. Finally, First Quadrant L P CA increased its stake in shares of Cross Country Healthcare by 5.5% during the fourth quarter. First Quadrant L P CA now owns 29,108 shares of the business services provider’s stock worth $808,000 after purchasing an additional 1,508 shares in the last quarter. 90.96% of the stock is owned by institutional investors.

A number of research firms have recently commented on CCRN. Benchmark boosted their target price on shares of Cross Country Healthcare from $33.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, February 24th. Barrington Research boosted their target price on shares of Cross Country Healthcare from $33.00 to $44.00 in a research note on Monday, April 11th. Jefferies Financial Group upgraded shares of Cross Country Healthcare from a “hold” rating to a “buy” rating and boosted their price target for the stock from $18.00 to $27.00 in a research report on Thursday, January 27th. Zacks Investment Research upgraded shares of Cross Country Healthcare from a “hold” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a research report on Friday, January 21st. Finally, StockNews.com started coverage on shares of Cross Country Healthcare in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $28.14.

In other Cross Country Healthcare news, General Counsel Susan E. Ball sold 17,458 shares of the business’s stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $20.72, for a total value of $361,729.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO William J. Burns sold 10,000 shares of the business’s stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $20.54, for a total transaction of $205,400.00. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

NASDAQ:CCRN opened at $20.48 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.54 and a quick ratio of 2.54. The firm has a market capitalization of $779.53 million, a price-to-earnings ratio of 5.80, a PEG ratio of 0.86 and a beta of 1.06. The company’s 50-day moving average is $21.14 and its two-hundred day moving average is $22.83. Cross Country Healthcare, Inc. has a 1-year low of $13.24 and a 1-year high of $30.40.

Cross Country Healthcare (NASDAQ:CCRNGet Rating) last posted its earnings results on Wednesday, February 23rd. The business services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.05. The company had revenue of $640.68 million for the quarter, compared to analyst estimates of $611.54 million. Cross Country Healthcare had a net margin of 7.87% and a return on equity of 52.08%. Cross Country Healthcare’s revenue was up 197.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.19 EPS. As a group, equities analysts anticipate that Cross Country Healthcare, Inc. will post 3.53 earnings per share for the current fiscal year.

Cross Country Healthcare Company Profile (Get Rating)

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company operates in two segments, Nurse and Allied Staffing and Physician Staffing. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, local nurses, and allied staffing; staffing solutions for registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and clinical and non-clinical professionals on long-term contract assignments, as well as workforce solutions, including MSP, RPO, and consulting services.

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

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