Investment Counselors of Maryland LLC Grows Stock Holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Investment Counselors of Maryland LLC grew its holdings in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 973,239 shares of the business services provider’s stock after buying an additional 10,207 shares during the quarter. Investment Counselors of Maryland LLC’s holdings in Cross Country Healthcare were worth $9,129,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in Cross Country Healthcare by 6.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,387,342 shares of the business services provider’s stock worth $17,499,000 after buying an additional 155,059 shares during the period. JPMorgan Chase & Co. grew its stake in Cross Country Healthcare by 38.5% during the first quarter. JPMorgan Chase & Co. now owns 1,815,353 shares of the business services provider’s stock worth $12,762,000 after buying an additional 504,192 shares during the period. Systematic Financial Management LP grew its stake in Cross Country Healthcare by 45.6% during the first quarter. Systematic Financial Management LP now owns 1,717,400 shares of the business services provider’s stock worth $12,073,000 after buying an additional 538,160 shares during the period. Royce & Associates LP grew its stake in Cross Country Healthcare by 8.6% during the first quarter. Royce & Associates LP now owns 1,216,811 shares of the business services provider’s stock worth $8,554,000 after buying an additional 96,500 shares during the period. Finally, Tocqueville Asset Management L.P. grew its stake in Cross Country Healthcare by 112.7% during the first quarter. Tocqueville Asset Management L.P. now owns 553,400 shares of the business services provider’s stock worth $3,890,000 after buying an additional 293,250 shares during the period. Institutional investors own 95.03% of the company’s stock.

Several research firms have issued reports on CCRN. ValuEngine upgraded shares of Cross Country Healthcare from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Barrington Research set a $10.00 price objective on shares of Cross Country Healthcare and gave the stock a “buy” rating in a research note on Monday, May 20th. BidaskClub upgraded shares of Cross Country Healthcare from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Zacks Investment Research downgraded shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a research note on Monday, August 12th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $10.00.



Shares of CCRN stock traded down $0.03 on Thursday, hitting $10.31. The stock had a trading volume of 420 shares, compared to its average volume of 182,101. The firm has a market capitalization of $381.44 million, a price-to-earnings ratio of 85.83, a P/E/G ratio of 12.57 and a beta of 1.28. The stock’s 50 day moving average is $9.43 and its 200-day moving average is $8.36. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.99 and a current ratio of 1.99. Cross Country Healthcare, Inc. has a 52-week low of $6.75 and a 52-week high of $10.48.

Cross Country Healthcare (NASDAQ:CCRN) last announced its earnings results on Wednesday, July 31st. The business services provider reported $0.01 earnings per share for the quarter. The business had revenue of $202.80 million during the quarter, compared to the consensus estimate of $199.46 million. Cross Country Healthcare had a negative net margin of 9.20% and a positive return on equity of 0.62%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 earnings per share. Equities analysts expect that Cross Country Healthcare, Inc. will post 0.08 earnings per share for the current year.

In other news, CEO Kevin Cronin Clark bought 8,330 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was acquired at an average cost of $8.00 per share, for a total transaction of $66,640.00. Following the completion of the purchase, the chief executive officer now owns 250,734 shares of the company’s stock, valued at $2,005,872. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 3.80% of the stock is currently owned by corporate insiders.

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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