Systematic Financial Management LP Has $4.77 Million Stock Position in Cross Country Healthcare, Inc. $CCRN

Systematic Financial Management LP lowered its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 7.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 507,297 shares of the business services provider’s stock after selling 40,471 shares during the period. Systematic Financial Management LP’s holdings in Cross Country Healthcare were worth $4,769,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CCRN. Dana Investment Advisors Inc. lifted its holdings in Cross Country Healthcare by 71.2% during the fourth quarter. Dana Investment Advisors Inc. now owns 1,008,525 shares of the business services provider’s stock worth $8,169,000 after acquiring an additional 419,429 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Cross Country Healthcare by 42.8% in the third quarter. JPMorgan Chase & Co. now owns 294,845 shares of the business services provider’s stock valued at $4,187,000 after acquiring an additional 88,407 shares during the period. Prescott Group Capital Management L.L.C. bought a new stake in shares of Cross Country Healthcare in the fourth quarter worth about $2,292,000. Walleye Capital LLC increased its holdings in shares of Cross Country Healthcare by 98.3% in the first quarter. Walleye Capital LLC now owns 503,034 shares of the business services provider’s stock worth $4,729,000 after acquiring an additional 249,356 shares in the last quarter. Finally, Pinnacle Associates Ltd. acquired a new stake in shares of Cross Country Healthcare during the fourth quarter worth about $717,000. Institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Price Performance

Shares of CCRN stock opened at $13.25 on Friday. The company’s fifty day simple moving average is $13.17 and its 200-day simple moving average is $10.79. The firm has a market cap of $428.05 million, a PE ratio of -4.34, a P/E/G ratio of 14.32 and a beta of 0.45. Cross Country Healthcare, Inc. has a 12 month low of $7.43 and a 12 month high of $14.99.

Cross Country Healthcare (NASDAQ:CCRN) last announced its earnings results on Thursday, May 7th. The business services provider reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. Cross Country Healthcare had a negative net margin of 9.84% and a negative return on equity of 0.74%. The business had revenue of $241.06 million during the quarter, compared to analysts’ expectations of $237.06 million. On average, equities analysts predict that Cross Country Healthcare, Inc. will post 0.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CCRN has been the topic of several recent analyst reports. Truist Financial lifted their price objective on Cross Country Healthcare from $10.00 to $13.25 and gave the company a “hold” rating in a report on Monday, May 11th. Citizens Jmp cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 7th. Wedbush downgraded shares of Cross Country Healthcare from an “outperform” rating to a “hold” rating and dropped their target price for the stock from $15.00 to $13.25 in a report on Thursday, May 7th. Barrington Research restated a “market perform” rating and set a $13.25 target price on shares of Cross Country Healthcare in a report on Monday, June 8th. Finally, Benchmark lowered shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a research note on Friday, May 8th. Nine equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cross Country Healthcare presently has an average rating of “Reduce” and an average price target of $12.05.

Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc, headquartered in Boca Raton, Florida, is a leading provider of healthcare workforce solutions in the United States. The company specializes in the recruitment, placement and management of nursing and allied health professionals on both a travel and permanent basis. Through its integrated platform, Cross Country Healthcare serves hospitals, health systems, and long-term care facilities by matching qualified clinical talent with patient care needs across diverse care settings.

The company’s core service offerings include travel nurse and allied health staffing, per diem staffing, permanent placement services, and managed services programs.