Goldman Sachs Group Inc. trimmed its position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 32.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,031 shares of the business services provider’s stock after selling 29,396 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.17% of Cross Country Healthcare worth $788,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Voya Investment Management LLC raised its position in shares of Cross Country Healthcare by 16.9% during the second quarter. Voya Investment Management LLC now owns 18,329 shares of the business services provider’s stock worth $237,000 after acquiring an additional 2,646 shares during the last quarter. Simcoe Capital Management LLC raised its position in shares of Cross Country Healthcare by 120.9% during the second quarter. Simcoe Capital Management LLC now owns 1,227,590 shares of the business services provider’s stock worth $15,848,000 after acquiring an additional 671,885 shares during the last quarter. Citadel Advisors LLC raised its position in shares of Cross Country Healthcare by 102.4% during the second quarter. Citadel Advisors LLC now owns 98,822 shares of the business services provider’s stock worth $1,276,000 after acquiring an additional 50,007 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Cross Country Healthcare by 12.0% during the second quarter. Parametric Portfolio Associates LLC now owns 49,865 shares of the business services provider’s stock worth $644,000 after acquiring an additional 5,345 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Cross Country Healthcare by 4.7% during the second quarter. Vanguard Group Inc. now owns 1,919,676 shares of the business services provider’s stock worth $24,783,000 after acquiring an additional 86,718 shares during the last quarter. Institutional investors own 95.83% of the company’s stock.

In other Cross Country Healthcare news, insider William J. Grubbs sold 49,113 shares of Cross Country Healthcare stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $12.16, for a total value of $597,214.08. Following the completion of the sale, the insider now directly owns 395,188 shares in the company, valued at $4,805,486.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas C. Dircks acquired 10,000 shares of Cross Country Healthcare stock in a transaction on Monday, November 6th. The stock was purchased at an average cost of $11.77 per share, with a total value of $117,700.00. Following the purchase, the director now directly owns 104,571 shares of the company’s stock, valued at approximately $1,230,800.67. The disclosure for this purchase can be found here. Insiders own 3.90% of the company’s stock.

CCRN has been the subject of a number of analyst reports. TheStreet upgraded Cross Country Healthcare from a “c+” rating to a “b” rating in a research report on Wednesday, September 27th. Benchmark Co. restated a “buy” rating and set a $17.00 price objective (down from $18.00) on shares of Cross Country Healthcare in a research report on Wednesday, August 9th. Zacks Investment Research upgraded Cross Country Healthcare from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Monday, August 7th. Cantor Fitzgerald restated a “buy” rating and set a $18.00 price objective on shares of Cross Country Healthcare in a research report on Wednesday, November 1st. Finally, Credit Suisse Group started coverage on Cross Country Healthcare in a report on Tuesday. They issued a “neutral” rating and a $13.00 target price for the company. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $15.31.

Shares of Cross Country Healthcare, Inc. (CCRN) opened at $11.70 on Thursday. The firm has a market capitalization of $423.91, a P/E ratio of 18.16, a price-to-earnings-growth ratio of 1.01 and a beta of 0.77. The company has a quick ratio of 2.24, a current ratio of 2.14 and a debt-to-equity ratio of 0.46. Cross Country Healthcare, Inc. has a 1-year low of $11.07 and a 1-year high of $16.38.

Cross Country Healthcare (NASDAQ:CCRN) last issued its earnings results on Wednesday, November 1st. The business services provider reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. The business had revenue of $228.50 million during the quarter, compared to the consensus estimate of $228.97 million. Cross Country Healthcare had a return on equity of 11.69% and a net margin of 0.19%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 earnings per share. equities analysts anticipate that Cross Country Healthcare, Inc. will post 0.66 EPS 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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