Citigroup Inc. boosted its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 41.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,962 shares of the business services provider’s stock after buying an additional 12,253 shares during the period. Citigroup Inc. owned approximately 0.12% of Cross Country Healthcare worth $541,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Globeflex Capital L P bought a new stake in Cross Country Healthcare in the 1st quarter valued at about $104,000. Mason Street Advisors LLC increased its position in Cross Country Healthcare by 6.9% in the 1st 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 in the last quarter. BNP Paribas Arbitrage SA increased its position in Cross Country Healthcare by 57.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,998 shares of the business services provider’s stock valued at $129,000 after buying an additional 3,660 shares in the last quarter. Arizona State Retirement System increased its position in Cross Country Healthcare by 1.2% in the 1st 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. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in Cross Country Healthcare in the 2nd quarter valued at about $246,000. 95.60% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This article was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/10/13/cross-country-healthcare-inc-ccrn-shares-bought-by-citigroup-inc.html.

In other news, insider William J. Grubbs sold 49,113 shares of Cross Country Healthcare stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $12.16, for a total transaction of $597,214.08. Following the completion of the transaction, the insider now directly owns 395,188 shares in the company, valued at $4,805,486.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.20% of the stock is currently owned by company insiders.

Shares of Cross Country Healthcare, Inc. (CCRN) opened at 13.21 on Friday. The firm’s 50-day moving average price is $13.08 and its 200-day moving average price is $12.83. The company has a market capitalization of $482.09 million, a price-to-earnings ratio of 48.75 and a beta of 0.84. Cross Country Healthcare, Inc. has a one year low of $10.88 and a one year high of $16.38.

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, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.07. Cross Country Healthcare had a net margin of 1.06% and a return on equity of 12.78%. The firm had revenue of $209.31 million during the quarter, compared to analyst estimates of $209.92 million. During the same period last year, the business earned $0.16 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. Analysts anticipate that Cross Country Healthcare, Inc. will post $0.61 earnings per share for the current year.

A number of analysts have commented on the company. Zacks Investment Research lowered Cross Country Healthcare from a “hold” rating to a “sell” rating in a report on Monday. TheStreet raised Cross Country Healthcare from a “c+” rating to a “b” rating in a report on Wednesday, September 27th. Benchmark Co. reissued a “buy” rating and set a $17.00 price objective (down from $18.00) on shares of Cross Country Healthcare in a report on Wednesday, August 9th. Finally, BidaskClub lowered Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Cross Country Healthcare has a consensus rating of “Hold” and an average price target 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 & Stock 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 stocks with our FREE daily email newsletter.