Trexquant Investment LP Buys Shares of 25,462 Cross Country Healthcare, Inc. (CCRN)

Trexquant Investment LP bought a new stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN) during the second quarter, Holdings Channel reports. The institutional investor bought 25,462 shares of the business services provider’s stock, valued at approximately $329,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bbva Compass Bancshares Inc. increased its position in shares of Cross Country Healthcare by 0.4% in the first quarter. Bbva Compass Bancshares Inc. now owns 21,203 shares of the business services provider’s stock valued at $304,000 after buying an additional 82 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Cross Country Healthcare by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the business services provider’s stock valued at $192,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System increased its position in shares of Cross Country Healthcare by 1.2% in the first quarter. Arizona State Retirement System now owns 17,154 shares of the business services provider’s stock valued at $246,000 after buying an additional 200 shares in the last quarter. KBC Group NV increased its position in shares of Cross Country Healthcare by 0.5% in the first quarter. KBC Group NV now owns 59,999 shares of the business services provider’s stock valued at $862,000 after buying an additional 302 shares in the last quarter. Finally, ClariVest Asset Management LLC increased its position in shares of Cross Country Healthcare by 1.0% in the first quarter. ClariVest Asset Management LLC now owns 39,800 shares of the business services provider’s stock valued at $572,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 89.74% of the company’s stock.

Shares of Cross Country Healthcare, Inc. (NASDAQ CCRN) opened at 12.42 on Friday. Cross Country Healthcare, Inc. has a 12 month low of $10.88 and a 12 month high of $16.38. The stock’s 50 day moving average price is $12.38 and its 200-day moving average price is $13.34. The company has a market cap of $453.26 million, a P/E ratio of 45.83 and a beta of 0.83.

Cross Country Healthcare (NASDAQ:CCRN) last released its earnings results on Wednesday, August 2nd. The business services provider reported $0.16 earnings per share (EPS) for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $209.92 million. During the same quarter last year, the business posted $0.16 earnings per share. The firm’s revenue was up 4.9% on a year-over-year basis. Equities research analysts expect that Cross Country Healthcare, Inc. will post $0.61 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Trexquant Investment LP Buys Shares of 25,462 Cross Country Healthcare, Inc. (CCRN)” was first reported by BBNS and is the property of of BBNS. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The legal version of this report can be accessed at https://baseballnewssource.com/markets/trexquant-investment-lp-buys-shares-of-25462-cross-country-healthcare-inc-ccrn/1499232.html.

Several research analysts have commented on the company. Zacks Investment Research upgraded Cross Country Healthcare from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Monday, August 7th. UBS AG restated a “buy” rating and issued a $15.00 target price (down previously from $16.50) on shares of Cross Country Healthcare in a research note on Wednesday, June 14th. Benchmark Co. restated a “buy” rating and issued a $17.00 target price (down previously from $18.00) on shares of Cross Country Healthcare in a research note on Wednesday, August 9th. BMO Capital Markets cut their target price on Cross Country Healthcare from $18.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, May 5th. Finally, BidaskClub downgraded Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Cross Country Healthcare presently has an average rating of “Buy” and a consensus target price of $15.64.

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.

Want to see what other hedge funds are holding CCRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cross Country Healthcare, Inc. (NASDAQ:CCRN).

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

Receive News & Ratings for Cross Country Healthcare Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cross Country Healthcare Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Los Angeles Dodgers Move 50 Games Over .500
Los Angeles Dodgers Move 50 Games Over .500
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras


Leave a Reply

 
© 2006-2017 BBNS.