Cross Country Healthcare, Inc. (CCRN) Holdings Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 7.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,000,840 shares of the business services provider’s stock after acquiring an additional 133,341 shares during the period. JPMorgan Chase & Co. owned about 5.48% of Cross Country Healthcare worth $28,331,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Cross Country Healthcare by 4.7% in the 2nd 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 period. Benefit Street Partners LLC grew its stake in Cross Country Healthcare by 30.9% in the 2nd quarter. Benefit Street Partners LLC now owns 1,544,440 shares of the business services provider’s stock worth $19,939,000 after acquiring an additional 364,229 shares during the period. Simcoe Capital Management LLC grew its stake in shares of Cross Country Healthcare by 120.9% during the 2nd quarter. Simcoe Capital Management LLC now owns 1,227,590 shares of the business services provider’s stock valued at $15,848,000 after buying an additional 671,885 shares during the period. State Street Corp grew its stake in shares of Cross Country Healthcare by 9.8% during the 2nd quarter. State Street Corp now owns 876,998 shares of the business services provider’s stock valued at $11,323,000 after buying an additional 78,451 shares during the period. Finally, Royce & Associates LP grew its stake in shares of Cross Country Healthcare by 36.7% during the 2nd quarter. Royce & Associates LP now owns 792,464 shares of the business services provider’s stock valued at $10,231,000 after buying an additional 212,778 shares during the period. 92.13% of the stock is owned by hedge funds and other institutional investors.

Shares of Cross Country Healthcare, Inc. (NASDAQ CCRN) opened at $13.23 on Thursday. Cross Country Healthcare, Inc. has a 12 month low of $11.07 and a 12 month high of $16.38. The stock has a market cap of $493.95, a price-to-earnings ratio of 21.16, a PEG ratio of 1.20 and a beta of 0.73. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.46.

Cross Country Healthcare (NASDAQ:CCRN) last announced its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Cross Country Healthcare had a net margin of 0.19% and a return on equity of 11.69%. The company had revenue of $228.50 million during the quarter, compared to analysts’ expectations of $228.97 million. During the same period in the previous year, the company earned $0.24 EPS. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. sell-side analysts predict that Cross Country Healthcare, Inc. will post 0.64 earnings per share for the current fiscal year.

In related news, General Counsel Susan E. Ball sold 25,000 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $14.19, for a total transaction of $354,750.00. Following the completion of the sale, the general counsel now directly owns 126,921 shares of the company’s stock, valued at approximately $1,801,008.99. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas C. Dircks purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average cost of $11.77 per share, with a total value of $117,700.00. Following the completion of the transaction, the director now owns 104,571 shares in the company, valued at approximately $1,230,800.67. The disclosure for this purchase can be found here. 3.90% of the stock is currently owned by corporate insiders.

Several analysts have recently issued reports on CCRN shares. TheStreet raised shares of Cross Country Healthcare from a “c+” rating to a “b” rating in a research note on Wednesday, September 27th. Cantor Fitzgerald reissued a “buy” rating and set a $18.00 price objective on shares of Cross Country Healthcare in a research note on Wednesday, November 1st. Credit Suisse Group started coverage on shares of Cross Country Healthcare in a research note on Tuesday, November 7th. They set a “neutral” rating and a $13.00 price objective for the company. BMO Capital Markets lowered their price objective on shares of Cross Country Healthcare from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, November 6th. Finally, Zacks Investment Research cut shares of Cross Country Healthcare from a “hold” rating to a “sell” rating in a research note on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Cross Country Healthcare presently has an average rating of “Hold” and an average price target of $15.31.

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Cross Country Healthcare Company 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.

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Institutional Ownership by Quarter for Cross Country Healthcare (NASDAQ:CCRN)

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