Short Interest in Cross Country Healthcare, Inc. (NASDAQ:CCRN) Expands By 6.0%

Cross Country Healthcare, Inc. (NASDAQ:CCRN) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totalling 4,270,000 shares, an increase of 6.0% from the July 15th total of 4,030,000 shares. Based on an average daily trading volume, of 401,100 shares, the days-to-cover ratio is currently 10.6 days. Currently, 13.4% of the shares of the stock are short sold.

Insider Activity at Cross Country Healthcare

In other Cross Country Healthcare news, insider Karen Mote sold 13,829 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $17.08, for a total transaction of $236,199.32. Following the completion of the transaction, the insider now owns 24,696 shares of the company’s stock, valued at $421,807.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Karen Mote sold 13,829 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $17.08, for a total transaction of $236,199.32. Following the transaction, the insider now owns 24,696 shares of the company’s stock, valued at $421,807.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Cynthia Ann Grieco sold 1,945 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $17.21, for a total value of $33,473.45. Following the sale, the vice president now owns 7,605 shares in the company, valued at approximately $130,882.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,077 shares of company stock valued at $608,946. 4.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cross Country Healthcare

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. lifted its stake in Cross Country Healthcare by 3.8% during the second quarter. Pacer Advisors Inc. now owns 4,550,848 shares of the business services provider’s stock valued at $62,984,000 after buying an additional 165,032 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Cross Country Healthcare by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,360,016 shares of the business services provider’s stock valued at $32,662,000 after acquiring an additional 24,363 shares in the last quarter. Wasatch Advisors LP boosted its stake in Cross Country Healthcare by 74.3% in the 4th quarter. Wasatch Advisors LP now owns 2,193,604 shares of the business services provider’s stock worth $49,663,000 after purchasing an additional 934,841 shares during the period. American Century Companies Inc. grew its position in Cross Country Healthcare by 15.9% during the 2nd quarter. American Century Companies Inc. now owns 772,834 shares of the business services provider’s stock worth $10,696,000 after purchasing an additional 106,226 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Cross Country Healthcare by 4.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 421,576 shares of the business services provider’s stock valued at $9,544,000 after purchasing an additional 19,689 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CCRN shares. Barrington Research cut their target price on Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Truist Financial increased their price objective on shares of Cross Country Healthcare from $16.00 to $17.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Finally, Benchmark reduced their target price on shares of Cross Country Healthcare from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Cross Country Healthcare has a consensus rating of “Hold” and an average price target of $19.60.

Cross Country Healthcare Trading Down 0.6 %

Shares of NASDAQ CCRN traded down $0.09 during midday trading on Tuesday, reaching $13.93. The company’s stock had a trading volume of 12,423 shares, compared to its average volume of 430,543. Cross Country Healthcare has a one year low of $12.87 and a one year high of $26.17. The company has a market cap of $484.40 million, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 2.57 and a beta of 0.63. The company has a 50 day moving average price of $14.85 and a 200 day moving average price of $16.44.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.04). The company had revenue of $339.77 million during the quarter, compared to the consensus estimate of $334.75 million. Cross Country Healthcare had a net margin of 0.54% and a return on equity of 7.29%. Cross Country Healthcare’s quarterly revenue was down 37.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 EPS. Research analysts anticipate that Cross Country Healthcare will post 0.68 earnings per share for the current fiscal 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.