Prescott Group Capital Management L.L.C. Makes New Investment in Cross Country Healthcare, Inc. $CCRN

Prescott Group Capital Management L.L.C. purchased a new position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 282,910 shares of the business services provider’s stock, valued at approximately $2,292,000. Prescott Group Capital Management L.L.C. owned 0.86% of Cross Country Healthcare as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position in Cross Country Healthcare by 50.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,424 shares of the business services provider’s stock worth $45,000 after purchasing an additional 1,142 shares during the period. Tower Research Capital LLC TRC grew its position in Cross Country Healthcare by 422.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,586 shares of the business services provider’s stock worth $47,000 after purchasing an additional 2,899 shares during the period. Vazirani Asset Management LLC acquired a new stake in Cross Country Healthcare during the 3rd quarter worth about $142,000. Brooklyn Investment Group grew its position in Cross Country Healthcare by 228.9% during the 3rd quarter. Brooklyn Investment Group now owns 10,583 shares of the business services provider’s stock worth $150,000 after purchasing an additional 7,365 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new stake in Cross Country Healthcare during the 3rd quarter worth about $160,000. 96.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Truist Financial increased their price target on Cross Country Healthcare from $10.00 to $13.25 and gave the stock a “hold” rating in a research report on Monday, May 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Cross Country Healthcare in a research report on Friday, March 27th. Cross Research set a $14.00 target price on Cross Country Healthcare in a research report on Thursday, March 5th. Wedbush cut Cross Country Healthcare from an “outperform” rating to a “hold” rating and dropped their target price for the company from $15.00 to $13.25 in a research report on Thursday, May 7th. Finally, Citigroup cut Cross Country Healthcare from a “market outperform” rating to a “market perform” rating in a research report on Thursday, May 7th. Nine research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Cross Country Healthcare has a consensus rating of “Reduce” and a consensus price target of $12.72.

Cross Country Healthcare Stock Up 0.1%

NASDAQ:CCRN opened at $13.11 on Thursday. Cross Country Healthcare, Inc. has a 52 week low of $7.43 and a 52 week high of $14.99. The stock has a market capitalization of $423.85 million, a PE ratio of -4.30, a price-to-earnings-growth ratio of 13.44 and a beta of 0.35. The stock’s 50-day moving average price is $10.39 and its 200-day moving average price is $9.69.

Cross Country Healthcare (NASDAQ:CCRN) last posted its earnings results on Thursday, May 7th. The business services provider reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The firm had revenue of $241.06 million for the quarter, compared to analysts’ expectations of $237.07 million. Cross Country Healthcare had a negative return on equity of 0.74% and a negative net margin of 9.84%. Sell-side analysts expect that Cross Country Healthcare, Inc. will post 0.1 earnings per share for the current fiscal year.

Cross Country Healthcare Profile

Cross Country Healthcare, Inc, headquartered in Boca Raton, Florida, is a leading provider of healthcare workforce solutions in the United States. The company specializes in the recruitment, placement and management of nursing and allied health professionals on both a travel and permanent basis. Through its integrated platform, Cross Country Healthcare serves hospitals, health systems, and long-term care facilities by matching qualified clinical talent with patient care needs across diverse care settings.

The company’s core service offerings include travel nurse and allied health staffing, per diem staffing, permanent placement services, and managed services programs.