Foundry Partners LLC Has $5.07 Million Position in Cross Country Healthcare, Inc. (CCRN)

Foundry Partners LLC increased its stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 3.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 455,875 shares of the business services provider’s stock after purchasing an additional 17,075 shares during the quarter. Foundry Partners LLC owned approximately 1.25% of Cross Country Healthcare worth $5,065,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CCRN. Koch Industries Inc. purchased a new stake in shares of Cross Country Healthcare during the 1st quarter worth $117,000. Aperio Group LLC purchased a new stake in shares of Cross Country Healthcare during the 1st quarter worth $133,000. Barclays PLC lifted its stake in shares of Cross Country Healthcare by 118.6% during the 1st quarter. Barclays PLC now owns 12,283 shares of the business services provider’s stock worth $136,000 after purchasing an additional 6,665 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Cross Country Healthcare during the 4th quarter worth $156,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Cross Country Healthcare during the 4th quarter worth $162,000. Hedge funds and other institutional investors own 95.66% of the company’s stock.

In other news, Director W Larry Cash acquired 5,000 shares of Cross Country Healthcare stock in a transaction dated Monday, May 7th. The stock was purchased at an average cost of $11.14 per share, for a total transaction of $55,700.00. Following the completion of the purchase, the director now directly owns 118,580 shares in the company, valued at approximately $1,320,981.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO William J. Burns acquired 2,500 shares of Cross Country Healthcare stock in a transaction dated Thursday, May 10th. The stock was purchased at an average price of $11.92 per share, with a total value of $29,800.00. Following the completion of the purchase, the chief operating officer now owns 144,378 shares of the company’s stock, valued at $1,720,985.76. The disclosure for this purchase can be found here. Company insiders own 3.40% of the company’s stock.

A number of equities research analysts have commented on the company. ValuEngine cut Cross Country Healthcare from a “hold” rating to a “sell” rating in a research note on Tuesday, June 12th. Barrington Research reiterated a “buy” rating and issued a $15.00 price target on shares of Cross Country Healthcare in a research note on Tuesday, May 22nd. BidaskClub cut Cross Country Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 8th. Lake Street Capital cut Cross Country Healthcare from a “buy” rating to a “hold” rating and decreased their price target for the company from $16.00 to $11.00 in a research note on Thursday, May 3rd. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $11.00 price target on shares of Cross Country Healthcare in a research note on Monday, May 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $13.75.

Cross Country Healthcare opened at $12.35 on Tuesday, MarketBeat reports. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.32 and a quick ratio of 2.32. Cross Country Healthcare, Inc. has a one year low of $9.07 and a one year high of $14.65. The stock has a market capitalization of $452.81 million, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 2.22 and a beta of 0.89.

Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings results on Wednesday, May 2nd. The business services provider reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. Cross Country Healthcare had a return on equity of 9.99% and a net margin of 4.74%. The company had revenue of $210.30 million during the quarter, compared to analysts’ expectations of $206.75 million. During the same period last year, the business posted $0.05 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. equities analysts predict that Cross Country Healthcare, Inc. will post 0.45 earnings per share for the current year.

Cross Country Healthcare Profile

Cross Country Healthcare, Inc provides healthcare staffing, recruiting, and workforce solutions in the United States. The company operates in three segments: Nurse and Allied Staffing, Physician Staffing, and Other Human Capital Management Services. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, branch-based local nurses, and allied staffing; short-term staffing of registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and travel allied professionals on long-term contract assignments.

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

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