Prudential Financial Inc. decreased its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 42.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 0.15% of Cross Country Healthcare worth $678,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Arizona State Retirement System boosted its holdings in 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 acquiring an additional 200 shares during the last quarter. KBC Group NV boosted its holdings in 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 acquiring an additional 302 shares during the last quarter. Mason Street Advisors LLC lifted its stake in Cross Country Healthcare by 6.9% in the first quarter. Mason Street Advisors LLC now owns 7,713 shares of the business services provider’s stock valued at $111,000 after buying an additional 499 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in Cross Country Healthcare by 1.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 62,315 shares of the business services provider’s stock valued at $895,000 after buying an additional 600 shares during the period. Finally, Thrivent Financial For Lutherans lifted its stake in Cross Country Healthcare by 1.5% in the first quarter. Thrivent Financial For Lutherans now owns 76,450 shares of the business services provider’s stock valued at $1,098,000 after buying an additional 1,100 shares during the period. Institutional investors and hedge funds own 95.60% of the company’s stock.

Several equities analysts have weighed in on the company. Zacks Investment Research lowered Cross Country Healthcare from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. TheStreet raised Cross Country Healthcare from a “c+” rating to a “b” rating in a research note on Wednesday, September 27th. UBS AG reissued 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. reissued 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. Finally, BidaskClub lowered Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $15.64.

In other Cross Country Healthcare news, insider William J. Grubbs sold 49,113 shares of the company’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 owns 395,188 shares in the company, valued at approximately $4,805,486.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.20% of the company’s stock.

Cross Country Healthcare, Inc. (NASDAQ:CCRN) opened at 14.08 on Monday. The firm has a 50-day moving average price of $12.94 and a 200 day moving average price of $12.84. The firm has a market cap of $513.84 million, a price-to-earnings ratio of 51.96 and a beta of 0.83. Cross Country Healthcare, Inc. has a 1-year low of $10.88 and a 1-year high of $16.38.

Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.16 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $209.92 million. During the same quarter in the previous year, the company posted $0.16 EPS. The business’s revenue was up 4.9% on a year-over-year basis. Equities analysts predict that Cross Country Healthcare, Inc. will post $0.61 earnings per share for the current year.

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Cross Country Healthcare Profile

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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