Wedge Capital Management L L P NC Purchases 8,678 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Wedge Capital Management L L P NC raised its position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 11.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,331 shares of the business services provider’s stock after purchasing an additional 8,678 shares during the period. Wedge Capital Management L L P NC owned about 0.25% of Cross Country Healthcare worth $1,181,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of Cross Country Healthcare by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,256,832 shares of the business services provider’s stock valued at $51,095,000 after buying an additional 76,954 shares during the period. Wasatch Advisors LP increased its position in Cross Country Healthcare by 74.3% during the 4th quarter. Wasatch Advisors LP now owns 2,193,604 shares of the business services provider’s stock valued at $49,663,000 after purchasing an additional 934,841 shares during the period. Charles Schwab Investment Management Inc. increased its position 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. Foundry Partners LLC raised its holdings in shares of Cross Country Healthcare by 8.0% in the 1st quarter. Foundry Partners LLC now owns 278,171 shares of the business services provider’s stock valued at $5,207,000 after purchasing an additional 20,679 shares in the last quarter. Finally, Quantedge Capital Pte Ltd lifted its position in shares of Cross Country Healthcare by 46.2% in the 4th quarter. Quantedge Capital Pte Ltd now owns 213,991 shares of the business services provider’s stock worth $4,845,000 after purchasing an additional 67,591 shares during the period. 96.03% of the stock is owned by institutional investors.

Insider Activity at Cross Country Healthcare

In other Cross Country Healthcare news, insider Marc S. Krug sold 13,657 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $14.82, for a total transaction of $202,396.74. Following the sale, the insider now owns 36,020 shares of the company’s stock, valued at approximately $533,816.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Phillip Lyn Noe sold 9,646 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $14.19, for a total value of $136,876.74. Following the transaction, the insider now directly owns 10,162 shares of the company’s stock, valued at $144,198.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marc S. Krug sold 13,657 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $14.82, for a total value of $202,396.74. Following the completion of the transaction, the insider now owns 36,020 shares of the company’s stock, valued at $533,816.40. The disclosure for this sale can be found here. Insiders sold 39,077 shares of company stock valued at $608,946 in the last three months. 4.90% of the stock is owned by insiders.

Cross Country Healthcare Trading Up 1.6 %

Shares of CCRN stock traded up $0.23 during trading hours on Friday, reaching $14.51. 64,401 shares of the company’s stock were exchanged, compared to its average volume of 429,393. The company has a market cap of $504.57 million, a price-to-earnings ratio of 10.98, a P/E/G ratio of 2.57 and a beta of 0.63. Cross Country Healthcare, Inc. has a fifty-two week low of $12.87 and a fifty-two week high of $26.17. The stock’s 50 day moving average is $14.86 and its 200-day moving average is $16.61.

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

Wall Street Analyst Weigh In

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

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.