Cross Country Healthcare, Inc. (NASDAQ:CCRN) Position Trimmed by Prudential Financial Inc.

Prudential Financial Inc. decreased its holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 42.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 52,508 shares of the business services provider’s stock after selling 39,021 shares during the period. Prudential Financial Inc. owned approximately 0.15% of Cross Country Healthcare worth $678,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Royce & Associates LP grew its position in Cross Country Healthcare by 98.1% during the 1st quarter. Royce & Associates LP now owns 579,686 shares of the business services provider’s stock worth $8,324,000 after acquiring an additional 287,123 shares during the last quarter. Wellington Management Group LLP grew its position in Cross Country Healthcare by 4.1% during the 1st quarter. Wellington Management Group LLP now owns 4,077,922 shares of the business services provider’s stock worth $58,559,000 after acquiring an additional 159,688 shares during the last quarter. Vanguard Group Inc. grew its position in Cross Country Healthcare by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 1,832,958 shares of the business services provider’s stock worth $26,321,000 after acquiring an additional 131,295 shares during the last quarter. Russell Investments Group Ltd. grew its position in Cross Country Healthcare by 68.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 273,987 shares of the business services provider’s stock worth $3,538,000 after acquiring an additional 111,178 shares during the last quarter. Finally, Rice Hall James & Associates LLC grew its position in Cross Country Healthcare by 58.7% during the 2nd quarter. Rice Hall James & Associates LLC now owns 218,247 shares of the business services provider’s stock worth $2,818,000 after acquiring an additional 80,729 shares during the last quarter. Institutional investors own 95.60% of the company’s stock.

In related news, insider William J. Grubbs sold 49,113 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $12.16, for a total value of $597,214.08. Following the sale, the insider now directly owns 395,188 shares of the company’s stock, valued at $4,805,486.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.90% of the stock is owned by company insiders.

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A number of brokerages recently weighed in on CCRN. TheStreet upgraded Cross Country Healthcare from a “c+” rating to a “b” rating in a research report on Wednesday, September 27th. Benchmark Co. reduced their price objective on Cross Country Healthcare from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Thursday, August 3rd. Zacks Investment Research lowered Cross Country Healthcare from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, BidaskClub lowered Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $15.64.

Shares of Cross Country Healthcare, Inc. (CCRN) opened at 13.33 on Wednesday. Cross Country Healthcare, Inc. has a 52-week low of $10.88 and a 52-week high of $16.38. The company has a market cap of $486.47 million, a price-to-earnings ratio of 49.19 and a beta of 0.84. The firm has a 50 day moving average price of $13.14 and a 200-day moving average price of $12.81.

Cross Country Healthcare (NASDAQ:CCRN) last announced its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.07. Cross Country Healthcare had a return on equity of 12.78% and a net margin of 1.06%. The firm had revenue of $209.31 million for the quarter, compared to analysts’ expectations of $209.92 million. During the same period last year, the firm earned $0.16 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities research analysts anticipate that Cross Country Healthcare, Inc. will post $0.61 earnings per share for the current year.

About Cross Country Healthcare

Cross Country Healthcare, Inc is engaged in providing healthcare recruiting, staffing, recruiting and workforce solutions. The Company operates in three segments: Nurse and Allied Staffing, Physician Staffing and Other Human Capital Management Services. The Nurse and Allied Staffing segment provides traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, and branch-based local nurses and allied staffing.

Institutional Ownership by Quarter for Cross Country Healthcare (NASDAQ:CCRN)

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