Aristotle Capital Boston LLC Cuts Stock Position in Cross Country Healthcare, Inc. $CCRN

Aristotle Capital Boston LLC lessened its stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 9.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 626,107 shares of the business services provider’s stock after selling 62,889 shares during the quarter. Aristotle Capital Boston LLC owned approximately 1.91% of Cross Country Healthcare worth $5,071,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Alliancebernstein L.P. increased its holdings in Cross Country Healthcare by 4.0% in the 2nd quarter. Alliancebernstein L.P. now owns 2,438,282 shares of the business services provider’s stock worth $31,820,000 after acquiring an additional 94,798 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Cross Country Healthcare by 56.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,095,178 shares of the business services provider’s stock worth $16,307,000 after acquiring an additional 397,216 shares in the last quarter. Quinn Opportunity Partners LLC purchased a new stake in Cross Country Healthcare in the 4th quarter worth $8,470,000. Dana Investment Advisors Inc. increased its holdings in Cross Country Healthcare by 71.2% in the 4th quarter. Dana Investment Advisors Inc. now owns 1,008,525 shares of the business services provider’s stock worth $8,169,000 after acquiring an additional 419,429 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Cross Country Healthcare by 28.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 969,458 shares of the business services provider’s stock worth $7,853,000 after acquiring an additional 211,925 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Barrington Research reaffirmed a “market perform” rating and set a $13.25 target price on shares of Cross Country Healthcare in a report on Monday, June 8th. Truist Financial upped their target price on shares of Cross Country Healthcare from $10.00 to $13.25 and gave the stock a “hold” rating in a report on Monday, May 11th. Wedbush lowered shares of Cross Country Healthcare from an “outperform” rating to a “hold” rating and dropped their target price for the stock from $15.00 to $13.25 in a report on Thursday, May 7th. Citizens Jmp lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 7th. Finally, Cross Research set a $14.00 target price on shares of Cross Country Healthcare in a report on Thursday, March 5th. Nine analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Cross Country Healthcare currently has an average rating of “Reduce” and an average price target of $12.05.

Cross Country Healthcare Price Performance

NASDAQ CCRN opened at $13.17 on Thursday. The firm’s 50-day moving average is $11.87 and its two-hundred day moving average is $9.89. Cross Country Healthcare, Inc. has a 12 month low of $7.43 and a 12 month high of $14.99. The stock has a market capitalization of $425.52 million, a P/E ratio of -4.32, a PEG ratio of 14.25 and a beta of 0.45.

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. Cross Country Healthcare had a negative net margin of 9.84% and a negative return on equity of 0.74%. The company had revenue of $241.06 million for the quarter, compared to analysts’ expectations of $237.07 million. As a group, analysts anticipate that Cross Country Healthcare, Inc. will post 0.09 EPS for the current year.

About Cross Country Healthcare

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.