Public Employees Retirement System of Ohio Boosts Stock Position in Cross Country Healthcare, Inc. $CCRN

Public Employees Retirement System of Ohio lifted its holdings in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 1,542.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,849 shares of the business services provider’s stock after buying an additional 45,874 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.15% of Cross Country Healthcare worth $459,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dana Investment Advisors Inc. increased its holdings in Cross Country Healthcare by 71.2% in the 4th quarter. Dana Investment Advisors Inc. now owns 1,008,525 shares of the business services provider’s stock worth $8,169,000 after acquiring an additional 419,429 shares in the last quarter. Walleye Capital LLC grew its position in shares of Cross Country Healthcare by 98.3% in the first quarter. Walleye Capital LLC now owns 503,034 shares of the business services provider’s stock valued at $4,729,000 after purchasing an additional 249,356 shares during the period. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Cross Country Healthcare in the fourth quarter valued at about $2,292,000. State of Wyoming purchased a new stake in shares of Cross Country Healthcare during the first quarter worth about $492,000. Finally, Pinnacle Associates Ltd. acquired a new position in shares of Cross Country Healthcare during the 4th quarter worth about $717,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Stock Performance

Shares of NASDAQ CCRN opened at $13.25 on Wednesday. The stock has a market cap of $428.05 million, a PE ratio of -4.34, a P/E/G ratio of 14.32 and a beta of 0.45. Cross Country Healthcare, Inc. has a 12-month low of $7.43 and a 12-month high of $14.99. The company has a 50-day moving average of $13.20 and a 200 day moving average of $11.04.

Cross Country Healthcare (NASDAQ:CCRN) last issued its earnings results on Thursday, May 7th. The business services provider reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. The business had revenue of $241.06 million for the quarter, compared to analysts’ expectations of $237.06 million. Cross Country Healthcare had a negative return on equity of 0.74% and a negative net margin of 9.84%. On average, sell-side analysts forecast that Cross Country Healthcare, Inc. will post 0.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Citizens Jmp lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 7th. Weiss Ratings raised Cross Country Healthcare from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 16th. Wedbush downgraded Cross Country Healthcare from an “outperform” rating to a “hold” rating and decreased their target price for the company from $15.00 to $13.25 in a research report on Thursday, May 7th. Truist Financial lifted their price target on Cross Country Healthcare from $10.00 to $13.25 and gave the stock a “hold” rating in a research note on Monday, May 11th. Finally, Benchmark cut Cross Country Healthcare from a “buy” rating to a “hold” rating in a research report on Friday, May 8th. Nine investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Cross Country Healthcare presently has an average rating of “Reduce” and an average target price of $12.05.

Cross Country Healthcare Profile

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.