Federated Hermes Inc. Sells 201,991 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Federated Hermes Inc. lowered its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 37.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 335,482 shares of the business services provider’s stock after selling 201,991 shares during the period. Federated Hermes Inc. owned 0.95% of Cross Country Healthcare worth $7,595,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC raised its position in shares of Cross Country Healthcare by 8.2% in the 4th quarter. SG Americas Securities LLC now owns 19,754 shares of the business services provider’s stock worth $447,000 after acquiring an additional 1,493 shares in the last quarter. Truvestments Capital LLC raised its position in shares of Cross Country Healthcare by 26.1% in the 3rd quarter. Truvestments Capital LLC now owns 9,721 shares of the business services provider’s stock worth $241,000 after acquiring an additional 2,013 shares in the last quarter. Gotham Asset Management LLC raised its position in shares of Cross Country Healthcare by 4.4% in the 3rd quarter. Gotham Asset Management LLC now owns 47,897 shares of the business services provider’s stock worth $1,187,000 after acquiring an additional 2,023 shares in the last quarter. Deutsche Bank AG raised its position in shares of Cross Country Healthcare by 0.3% in the 3rd quarter. Deutsche Bank AG now owns 717,762 shares of the business services provider’s stock worth $17,793,000 after acquiring an additional 2,026 shares in the last quarter. Finally, Smith Graham & Co. Investment Advisors LP raised its position in shares of Cross Country Healthcare by 1.5% in the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 254,495 shares of the business services provider’s stock worth $5,762,000 after acquiring an additional 3,796 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.

Wall Street Analyst Weigh In

CCRN has been the subject of a number of analyst reports. Benchmark reduced their price objective on Cross Country Healthcare from $24.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, February 22nd. TheStreet lowered Cross Country Healthcare from a “b-” rating to a “c+” rating in a research report on Friday, March 1st. Truist Financial reduced their price objective on Cross Country Healthcare from $22.00 to $16.00 and set a “hold” rating for the company in a research report on Thursday, February 22nd. Finally, Barrington Research reduced their price objective on Cross Country Healthcare from $26.00 to $24.00 and set an “outperform” rating for the company in a research report 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $21.67.

Insider Transactions at Cross Country Healthcare

In other news, insider Karen Mote sold 6,216 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $16.95, for a total value of $105,361.20. Following the transaction, the insider now directly owns 35,101 shares in the company, valued at approximately $594,961.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 4.90% of the company’s stock.

Cross Country Healthcare Trading Down 1.1 %

Cross Country Healthcare stock opened at $17.57 on Thursday. The firm has a market cap of $609.33 million, a price-to-earnings ratio of 8.66, a PEG ratio of 1.85 and a beta of 0.75. The stock has a fifty day simple moving average of $18.00 and a two-hundred day simple moving average of $20.31. Cross Country Healthcare, Inc. has a 12 month low of $15.65 and a 12 month high of $28.75.

Cross Country Healthcare (NASDAQ:CCRN) last posted its earnings results 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 business had revenue of $414.04 million during 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 company’s quarterly revenue was down 34.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 EPS. On average, equities research analysts forecast that Cross Country Healthcare, Inc. will post 0.92 EPS for the current fiscal year.

About Cross Country Healthcare

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.