Walleye Capital LLC Acquires 249,356 Shares of Cross Country Healthcare, Inc. $CCRN

Walleye Capital LLC raised its stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 98.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 503,034 shares of the business services provider’s stock after purchasing an additional 249,356 shares during the period. Walleye Capital LLC’s holdings in Cross Country Healthcare were worth $4,729,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake in shares of Cross Country Healthcare by 50.0% in the second 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 last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Cross Country Healthcare during the fourth quarter valued at approximately $46,000. Tower Research Capital LLC TRC boosted its position in shares of Cross Country Healthcare by 422.0% during the second quarter. Tower Research Capital LLC TRC now owns 3,586 shares of the business services provider’s stock valued at $47,000 after buying an additional 2,899 shares during the last quarter. Graham Capital Management L.P. bought a new stake in Cross Country Healthcare during the fourth quarter worth $83,000. Finally, AXQ Capital LP bought a new stake in Cross Country Healthcare during the fourth quarter worth $109,000. 96.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CCRN shares. Truist Financial increased their price target on Cross Country Healthcare from $10.00 to $13.25 and gave the company a “hold” rating in a research report on Monday, May 11th. Weiss Ratings raised shares of Cross Country Healthcare from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 16th. Citigroup lowered shares of Cross Country Healthcare from a “market outperform” rating to a “market perform” rating in a research note on Thursday, May 7th. Benchmark downgraded shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a report on Friday, May 8th. Finally, Wedbush lowered shares of Cross Country Healthcare from an “outperform” rating to a “hold” rating and dropped their price target for the company from $15.00 to $13.25 in a research report on Thursday, May 7th. Nine analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $12.05.

Cross Country Healthcare Price Performance

CCRN stock opened at $13.25 on Thursday. The firm has a market cap of $428.05 million, a PE ratio of -4.34, a P/E/G ratio of 14.32 and a beta of 0.45. The business has a 50 day moving average of $13.17 and a 200-day moving average of $10.73. Cross Country Healthcare, Inc. has a 12-month low of $7.43 and a 12-month high of $14.99.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly 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 company had revenue of $241.06 million during the quarter, compared to the consensus estimate of $237.06 million. Cross Country Healthcare had a negative return on equity of 0.74% and a negative net margin of 9.84%. On average, research analysts expect that Cross Country Healthcare, Inc. will post 0.09 earnings per share 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.