Dimensional Fund Advisors LP decreased its position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 16.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,425,302 shares of the business services provider’s stock after selling 282,183 shares during the period. Dimensional Fund Advisors LP’s holdings in Cross Country Healthcare were worth $20,467,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Algert Global LLC raised its stake in shares of Cross Country Healthcare by 5.0% in the first quarter. Algert Global LLC now owns 83,285 shares of the business services provider’s stock worth $1,196,000 after buying an additional 3,955 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Cross Country Healthcare by 135.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 62,688 shares of the business services provider’s stock worth $900,000 after buying an additional 36,042 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Cross Country Healthcare by 7.7% in the first quarter. Great West Life Assurance Co. Can now owns 50,094 shares of the business services provider’s stock worth $719,000 after buying an additional 3,566 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Cross Country Healthcare by 39.3% in the first quarter. Wells Fargo & Company MN now owns 2,622,171 shares of the business services provider’s stock worth $37,655,000 after buying an additional 740,106 shares during the last quarter. Finally, Essex Investment Management Co. LLC raised its stake in shares of Cross Country Healthcare by 11.3% in the first quarter. Essex Investment Management Co. LLC now owns 106,610 shares of the business services provider’s stock worth $1,531,000 after buying an additional 10,809 shares during the last quarter. 90.00% of the stock is currently owned by hedge funds and other institutional investors.

Cross Country Healthcare, Inc. (NASDAQ:CCRN) traded up 0.96% during midday trading on Friday, reaching $12.65. 10,839 shares of the company traded hands. The stock has a market capitalization of $461.65 million, a P/E ratio of 46.68 and a beta of 0.83. The company has a 50 day moving average price of $12.38 and a 200-day moving average price of $13.40. Cross Country Healthcare, Inc. has a one year low of $10.54 and a one year high of $16.38.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.07. Cross Country Healthcare had a net margin of 1.06% and a return on equity of 12.78%. The company had revenue of $209.31 million for the quarter, compared to the consensus estimate of $209.92 million. During the same quarter last year, the firm posted $0.16 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. Analysts forecast that Cross Country Healthcare, Inc. will post $0.61 EPS for the current fiscal year.

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A number of brokerages have recently weighed in on CCRN. Benchmark Co. cut their target price on shares of Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, May 4th. Zacks Investment Research lowered shares of Cross Country Healthcare from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. UBS AG reaffirmed a “buy” rating and set a $15.00 target price (down previously from $16.50) on shares of Cross Country Healthcare in a research note on Wednesday, June 14th. Finally, BMO Capital Markets cut their target price on shares of Cross Country Healthcare from $18.00 to $15.00 and set an “outperform” rating on the stock in a research note on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $15.64.

About Cross Country Healthcare

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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