Wedge Capital Management L L P NC Buys Shares of 29,453 Cross Country Healthcare, Inc. (CCRN)

Wedge Capital Management L L P NC bought a new stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,453 shares of the business services provider’s stock, valued at approximately $419,000. Wedge Capital Management L L P NC owned about 0.08% of Cross Country Healthcare at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CCRN. BNP Paribas Arbitrage SA raised its holdings in shares of Cross Country Healthcare by 57.7% during the second quarter. BNP Paribas Arbitrage SA now owns 9,998 shares of the business services provider’s stock valued at $129,000 after acquiring an additional 3,660 shares during the last quarter. Strs Ohio raised its holdings in shares of Cross Country Healthcare by 69.5% during the third quarter. Strs Ohio now owns 16,100 shares of the business services provider’s stock valued at $229,000 after acquiring an additional 6,600 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of Cross Country Healthcare by 16.9% during the second quarter. Voya Investment Management LLC now owns 18,329 shares of the business services provider’s stock valued at $237,000 after acquiring an additional 2,646 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Cross Country Healthcare during the second quarter valued at approximately $246,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Cross Country Healthcare during the third quarter valued at approximately $285,000. 95.83% of the stock is owned by institutional investors and hedge funds.

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A number of equities analysts have commented on the company. TheStreet raised Cross Country Healthcare from a “c+” rating to a “b” rating in a report on Wednesday, September 27th. Benchmark Co. cut their price target on Cross Country Healthcare from $18.00 to $17.00 and set a “buy” rating for the company in a report on Thursday, August 3rd. BMO Capital Markets cut their price target on Cross Country Healthcare from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Monday, November 6th. Zacks Investment Research cut Cross Country Healthcare from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Credit Suisse Group began coverage on Cross Country Healthcare in a report on Tuesday. They issued a “neutral” rating and a $13.00 price target for the company. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Cross Country Healthcare currently has an average rating of “Hold” and a consensus price target of $15.31.

In other Cross Country Healthcare news, Director Thomas C. Dircks acquired 10,000 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was bought at an average cost of $11.77 per share, for a total transaction of $117,700.00. Following the completion of the transaction, the director now owns 104,571 shares of the company’s stock, valued at approximately $1,230,800.67. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William J. Grubbs sold 49,113 shares of the stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $12.16, for a total value of $597,214.08. Following the completion of the transaction, the insider now owns 395,188 shares of the company’s stock, valued at $4,805,486.08. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

Shares of Cross Country Healthcare, Inc. (CCRN) opened at $12.22 on Friday. Cross Country Healthcare, Inc. has a fifty-two week low of $11.07 and a fifty-two week high of $16.38. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.14 and a quick ratio of 2.24. The company has a market capitalization of $431.93, a P/E ratio of 18.50, a P/E/G ratio of 1.05 and a beta of 0.77.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. Cross Country Healthcare had a return on equity of 11.69% and a net margin of 0.19%. The firm had revenue of $228.50 million during the quarter, compared to analysts’ expectations of $228.97 million. During the same quarter last year, the firm earned $0.24 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. research analysts forecast that Cross Country Healthcare, Inc. will post 0.64 EPS for the current year.

Cross Country Healthcare Profile

Cross Country Healthcare, Inc is engaged in providing healthcare recruiting, staffing, recruiting and workforce solutions. The Company operates in three segments: Nurse and Allied Staffing, Physician Staffing and Other Human Capital Management Services. The Nurse and Allied Staffing segment provides traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, and branch-based local nurses and allied staffing.

Institutional Ownership by Quarter for Cross Country Healthcare (NASDAQ:CCRN)

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