Public Employees Retirement System of Ohio Purchases 15,006 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Public Employees Retirement System of Ohio increased its position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 178.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,405 shares of the business services provider’s stock after purchasing an additional 15,006 shares during the period. Public Employees Retirement System of Ohio owned about 0.07% of Cross Country Healthcare worth $580,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CCRN. Intrinsic Edge Capital Management LLC increased its position in shares of Cross Country Healthcare by 889.1% during the second quarter. Intrinsic Edge Capital Management LLC now owns 494,568 shares of the business services provider’s stock valued at $13,887,000 after purchasing an additional 444,568 shares during the period. Renaissance Technologies LLC increased its position in shares of Cross Country Healthcare by 620.0% during the fourth quarter. Renaissance Technologies LLC now owns 496,918 shares of the business services provider’s stock valued at $13,203,000 after purchasing an additional 427,900 shares during the period. JPMorgan Chase & Co. increased its position in shares of Cross Country Healthcare by 1,130.7% during the first quarter. JPMorgan Chase & Co. now owns 454,749 shares of the business services provider’s stock valued at $10,150,000 after purchasing an additional 417,800 shares during the period. Point72 Asset Management L.P. increased its position in shares of Cross Country Healthcare by 135.1% during the fourth quarter. Point72 Asset Management L.P. now owns 630,098 shares of the business services provider’s stock valued at $16,742,000 after purchasing an additional 362,098 shares during the period. Finally, BlackRock Inc. increased its position in shares of Cross Country Healthcare by 6.3% during the first quarter. BlackRock Inc. now owns 5,948,885 shares of the business services provider’s stock valued at $128,911,000 after purchasing an additional 350,272 shares during the period. 96.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. TheStreet lowered Cross Country Healthcare from a “b-” rating to a “c+” rating in a research note on Friday, March 1st. JMP Securities assumed coverage on Cross Country Healthcare in a research note on Wednesday, December 6th. They issued a “market perform” rating on the stock. Benchmark decreased their price target on Cross Country Healthcare from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, February 22nd. Truist Financial decreased their price target on Cross Country Healthcare from $22.00 to $16.00 and set a “hold” rating on the stock in a research note on Thursday, February 22nd. Finally, Barrington Research decreased their price target on Cross Country Healthcare from $26.00 to $24.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 27th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $21.67.

Insider Transactions at Cross Country Healthcare

In other news, insider Karen Mote sold 6,216 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $16.95, for a total transaction of $105,361.20. Following the completion of the sale, the insider now owns 35,101 shares in the company, valued at $594,961.95. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 5.50% of the stock is currently owned by corporate insiders.

Cross Country Healthcare Stock Performance

Cross Country Healthcare stock opened at $18.43 on Thursday. The firm has a market cap of $640.07 million, a P/E ratio of 9.08, a P/E/G ratio of 1.94 and a beta of 0.74. The business’s fifty day moving average is $19.39 and its two-hundred day moving average is $21.24. Cross Country Healthcare, Inc. has a 52 week low of $15.65 and a 52 week high of $28.75.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings data on Wednesday, February 21st. The business services provider reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $414.04 million for the quarter, compared to analyst estimates of $404.42 million. Cross Country Healthcare had a return on equity of 16.93% and a net margin of 3.60%. The business’s revenue was down 34.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 earnings per share. On average, equities research analysts predict that Cross Country Healthcare, Inc. will post 0.94 earnings per share for the current year.

Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company's Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; vendor neutral and managed services programs; education healthcare services; in-home care services; and outsourcing services.