TD Asset Management Inc. purchased a new stake in Cross Country Healthcare Inc. (NASDAQ:CCRN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,500 shares of the company’s stock, valued at approximately $188,000.

A number of other large investors also recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its stake in shares of Cross Country Healthcare by 96.7% in the second quarter. BNP Paribas Arbitrage SA now owns 10,127 shares of the company’s stock valued at $141,000 after buying an additional 4,978 shares during the last quarter. Wealthsource Partners LLC acquired a new stake in Cross Country Healthcare during the first quarter worth about $145,000. Springbok Capital Management LLC raised its stake in Cross Country Healthcare by 13.4% in the first quarter. Springbok Capital Management LLC now owns 16,666 shares of the company’s stock worth $194,000 after buying an additional 1,966 shares during the last quarter. Arizona State Retirement System raised its stake in Cross Country Healthcare by 3.1% in the first quarter. Arizona State Retirement System now owns 16,654 shares of the company’s stock worth $194,000 after buying an additional 500 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in Cross Country Healthcare by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 14,500 shares of the company’s stock worth $202,000 after buying an additional 100 shares during the last quarter. 96.46% of the stock is owned by institutional investors.

Shares of Cross Country Healthcare Inc. (NASDAQ:CCRN) traded down 2.97% on Tuesday, hitting $11.43. 214,985 shares of the stock traded hands. Cross Country Healthcare Inc. has a 12 month low of $9.72 and a 12 month high of $18.76. The company’s market cap is $377.01 million. The firm’s 50 day moving average is $12.38 and its 200-day moving average is $13.09.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.03. Cross Country Healthcare had a return on equity of 25.27% and a net margin of 0.09%. The firm earned $199.40 million during the quarter, compared to the consensus estimate of $203.56 million. During the same period last year, the company earned $0.10 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts predict that Cross Country Healthcare Inc. will post $0.62 earnings per share for the current year.

CCRN has been the subject of a number of research reports. Zacks Investment Research raised shares of Cross Country Healthcare from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Tuesday, July 5th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $17.00 target price on shares of Cross Country Healthcare in a report on Sunday, August 7th. BMO Capital Markets reaffirmed a “buy” rating and set a $16.00 target price on shares of Cross Country Healthcare in a report on Friday, August 5th. Finally, TheStreet lowered shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.00.

In other Cross Country Healthcare news, Director W Larry Cash bought 3,000 shares of Cross Country Healthcare stock in a transaction on Friday, August 12th. The stock was bought at an average price of $12.22 per share, with a total value of $36,660.00. Following the completion of the acquisition, the director now owns 99,253 shares in the company, valued at $1,212,871.66. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas C. Dircks bought 10,000 shares of Cross Country Healthcare stock in a transaction on Wednesday, August 17th. The stock was acquired at an average cost of $10.75 per share, with a total value of $107,500.00. Following the acquisition, the director now owns 95,264 shares of the company’s stock, valued at approximately $1,024,088. The disclosure for this purchase can be found here. 4.20% of the stock is owned by company insiders.

Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc (CCRN) is engaged in providing healthcare recruiting, staffing and workforce solutions. The Company operates in three segments: Nurse and Allied Staffing, Physician Staffing and Other Human Capital Management Services. Its nurse and allied staffing segment is engaged in providing traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, and branch-based local nurses and allied staffing through its Cross Country Staffing brand, MSN, AHG, Mediscan and DirectEd brands.

5 Day Chart for NASDAQ:CCRN

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