Systematic Financial Management LP Sells 151,253 Shares of Cross Country Healthcare, Inc. $CCRN

Systematic Financial Management LP lowered its stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 21.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 547,768 shares of the business services provider’s stock after selling 151,253 shares during the quarter. Systematic Financial Management LP owned approximately 1.67% of Cross Country Healthcare worth $4,437,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CCRN. Goldman Sachs Group Inc. grew its holdings in Cross Country Healthcare by 56.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,095,178 shares of the business services provider’s stock worth $16,307,000 after acquiring an additional 397,216 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Cross Country Healthcare by 7.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 115,823 shares of the business services provider’s stock worth $1,725,000 after acquiring an additional 8,490 shares during the last quarter. Creative Planning bought a new stake in Cross Country Healthcare during the 2nd quarter worth about $367,000. JPMorgan Chase & Co. grew its holdings in Cross Country Healthcare by 90.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 206,438 shares of the business services provider’s stock worth $2,694,000 after acquiring an additional 97,962 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in Cross Country Healthcare by 3.6% during the 2nd quarter. First Trust Advisors LP now owns 99,560 shares of the business services provider’s stock worth $1,299,000 after acquiring an additional 3,486 shares during the last quarter. Institutional investors own 96.03% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CCRN shares. Benchmark lowered shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a research note on Friday, May 8th. Citigroup lowered shares of Cross Country Healthcare from a “market outperform” rating to a “market perform” rating in a research note on Thursday, May 7th. Truist Financial raised their target price on shares of Cross Country Healthcare from $10.00 to $13.25 and gave the company a “hold” rating in a research note on Monday, May 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cross Country Healthcare in a research note on Friday, March 27th. Finally, Wedbush lowered shares of Cross Country Healthcare from an “outperform” rating to a “hold” rating and reduced their target price for the company from $15.00 to $13.25 in a research note on Thursday, May 7th. Nine equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Cross Country Healthcare currently has an average rating of “Reduce” and a consensus price target of $12.72.

Cross Country Healthcare Price Performance

Shares of NASDAQ:CCRN opened at $13.05 on Monday. The company has a market capitalization of $421.95 million, a price-to-earnings ratio of -4.28, a P/E/G ratio of 13.38 and a beta of 0.35. The firm’s 50 day simple moving average is $10.52 and its 200 day simple moving average is $9.70. Cross Country Healthcare, Inc. has a fifty-two week low of $7.43 and a fifty-two week high of $14.99.

Cross Country Healthcare (NASDAQ:CCRN) last announced its quarterly earnings results on Thursday, May 7th. The business services provider reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $241.06 million for the quarter, compared to the consensus estimate of $237.07 million. Cross Country Healthcare had a negative net margin of 9.84% and a negative return on equity of 0.74%. Equities research analysts expect that Cross Country Healthcare, Inc. will post 0.1 earnings per share for the current year.

About Cross Country Healthcare

Cross Country Healthcare, Inc, headquartered in Boca Raton, Florida, is a leading provider of healthcare workforce solutions in the United States. The company specializes in the recruitment, placement and management of nursing and allied health professionals on both a travel and permanent basis. Through its integrated platform, Cross Country Healthcare serves hospitals, health systems, and long-term care facilities by matching qualified clinical talent with patient care needs across diverse care settings.

The company’s core service offerings include travel nurse and allied health staffing, per diem staffing, permanent placement services, and managed services programs.