Cross Country Healthcare, Inc. (NASDAQ:CCRN) VP Cynthia Ann Grieco Sells 1,945 Shares

Cross Country Healthcare, Inc. (NASDAQ:CCRN) VP Cynthia Ann Grieco sold 1,945 shares of Cross Country Healthcare stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $17.21, for a total value of $33,473.45. Following the sale, the vice president now directly owns 7,605 shares of the company’s stock, valued at $130,882.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Cross Country Healthcare Stock Down 3.2 %

Cross Country Healthcare stock traded down $0.55 during midday trading on Monday, reaching $16.56. The company’s stock had a trading volume of 440,190 shares, compared to its average volume of 432,594. The business has a 50-day simple moving average of $14.76 and a 200-day simple moving average of $16.97. The company has a market cap of $575.86 million, a P/E ratio of 12.74, a P/E/G ratio of 2.57 and a beta of 0.63. Cross Country Healthcare, Inc. has a fifty-two week low of $12.87 and a fifty-two week high of $26.17.

Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). Cross Country Healthcare had a return on equity of 7.29% and a net margin of 0.54%. The company had revenue of $339.77 million for the quarter, compared to analysts’ expectations of $334.75 million. During the same period in the prior year, the business earned $0.69 EPS. The business’s quarterly revenue was down 37.2% compared to the same quarter last year. As a group, equities analysts forecast that Cross Country Healthcare, Inc. will post 0.68 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC grew its stake in shares of Cross Country Healthcare by 8.2% during the 4th quarter. SG Americas Securities LLC now owns 19,754 shares of the business services provider’s stock valued at $447,000 after buying an additional 1,493 shares during the period. Raymond James & Associates boosted its position in Cross Country Healthcare by 65.5% during the 4th quarter. Raymond James & Associates now owns 140,004 shares of the business services provider’s stock worth $3,170,000 after purchasing an additional 55,428 shares during the period. Smith Graham & Co. Investment Advisors LP boosted its position in Cross Country Healthcare by 1.5% during the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 254,495 shares of the business services provider’s stock worth $5,762,000 after purchasing an additional 3,796 shares during the period. Louisiana State Employees Retirement System purchased a new stake in Cross Country Healthcare during the 4th quarter worth $374,000. Finally, Strs Ohio purchased a new stake in Cross Country Healthcare during the 4th quarter worth $339,000. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CCRN has been the topic of several research analyst reports. Benchmark dropped their target price on Cross Country Healthcare from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Truist Financial boosted their price objective on Cross Country Healthcare from $16.00 to $17.00 and gave the company a “hold” rating in a report on Thursday. Finally, Barrington Research reduced their price target on Cross Country Healthcare from $24.00 to $21.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Cross Country Healthcare has a consensus rating of “Hold” and a consensus price target of $21.00.

Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company's Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; vendor neutral and managed services programs; education healthcare services; in-home care services; and outsourcing services.