Capstone Asset Management Co. cut its stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 3.2% during the second quarter, Holdings Channel reports. The firm owned 19,950 shares of the business services provider’s stock after selling 650 shares during the period. Capstone Asset Management Co.’s holdings in Cross Country Healthcare were worth $258,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the stock. Teachers Advisors LLC raised its stake in shares of Cross Country Healthcare by 96.3% in the fourth quarter. Teachers Advisors LLC now owns 129,104 shares of the business services provider’s stock valued at $2,015,000 after buying an additional 63,341 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of Cross Country Healthcare by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the business services provider’s stock valued at $192,000 after buying an additional 100 shares during the period. Navellier & Associates Inc purchased a new stake in shares of Cross Country Healthcare during the first quarter valued at $161,000. Acadian Asset Management LLC raised its stake in shares of Cross Country Healthcare by 3.1% in the first quarter. Acadian Asset Management LLC now owns 246,415 shares of the business services provider’s stock valued at $3,538,000 after buying an additional 7,318 shares during the period. Finally, Sapphire Star Partners LP purchased a new stake in shares of Cross Country Healthcare during the first quarter valued at $161,000. Institutional investors and hedge funds own 89.74% of the company’s stock.

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) traded up 0.32% during midday trading on Thursday, hitting $12.71. The stock had a trading volume of 13,123 shares. The firm has a market capitalization of $463.84 million, a PE ratio of 46.90 and a beta of 0.83. Cross Country Healthcare, Inc. has a one year low of $10.88 and a one year high of $16.38. The firm’s 50-day moving average price is $12.38 and its 200-day moving average price is $13.35.

Cross Country Healthcare (NASDAQ:CCRN) last posted its earnings results on Wednesday, August 2nd. The business services provider reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.07. The firm had revenue of $209.31 million for the quarter, compared to analyst estimates of $209.92 million. Cross Country Healthcare had a return on equity of 12.78% and a net margin of 1.06%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 earnings per share. On average, equities analysts predict that Cross Country Healthcare, Inc. will post $0.61 EPS for the current year.

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Several brokerages have recently commented on CCRN. Zacks Investment Research downgraded Cross Country Healthcare from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Benchmark Co. reaffirmed a “buy” rating and set a $17.00 target price (down from $18.00) on shares of Cross Country Healthcare in a report on Wednesday, August 9th. BidaskClub downgraded Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. UBS AG reaffirmed a “buy” rating and set a $15.00 target price (down from $16.50) on shares of Cross Country Healthcare in a report on Wednesday, June 14th. Finally, BMO Capital Markets reduced their target price on Cross Country Healthcare from $18.00 to $15.00 and set an “outperform” rating for the company in a report on Monday, May 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target 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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