American Century Companies Inc. decreased its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 34.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 142,050 shares of the business services provider’s stock after selling 73,051 shares during the quarter. American Century Companies Inc. owned about 0.40% of Cross Country Healthcare worth $1,834,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wellington Management Group LLP grew its stake in shares of Cross Country Healthcare by 4.1% in the 1st quarter. Wellington Management Group LLP now owns 4,077,922 shares of the business services provider’s stock valued at $58,559,000 after buying an additional 159,688 shares in the last quarter. Vanguard Group Inc. boosted its position in Cross Country Healthcare by 7.7% during the first quarter. Vanguard Group Inc. now owns 1,832,958 shares of the business services provider’s stock worth $26,321,000 after purchasing an additional 131,295 shares during the period. Royce & Associates LP boosted its position in Cross Country Healthcare by 98.1% during the first quarter. Royce & Associates LP now owns 579,686 shares of the business services provider’s stock worth $8,324,000 after purchasing an additional 287,123 shares during the period. Bank of New York Mellon Corp boosted its position in Cross Country Healthcare by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 545,805 shares of the business services provider’s stock worth $7,047,000 after purchasing an additional 18,133 shares during the period. Finally, Foundry Partners LLC boosted its position in Cross Country Healthcare by 8.1% during the second quarter. Foundry Partners LLC now owns 450,225 shares of the business services provider’s stock worth $5,812,000 after purchasing an additional 33,790 shares during the period. 91.45% of the stock is owned by institutional investors and hedge funds.

In other news, insider William J. Grubbs sold 49,113 shares of Cross Country Healthcare stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $12.16, for a total transaction of $597,214.08. Following the completion of the transaction, the insider now directly owns 395,188 shares in the company, valued at approximately $4,805,486.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.20% of the company’s stock.

A number of equities research analysts have issued reports on the company. Zacks Investment Research cut Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report 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 report on Wednesday, June 14th. Benchmark Co. reaffirmed a “buy” rating and set a $17.00 target price (down previously from $18.00) on shares of Cross Country Healthcare in a research report on Wednesday, August 9th. Finally, BidaskClub cut Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. 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 stock presently has an average rating of “Buy” and a consensus target price of $15.64.

Shares of Cross Country Healthcare, Inc. (CCRN) opened at 12.63 on Friday. The stock has a 50 day moving average price of $12.38 and a 200 day moving average price of $12.98. The company has a market capitalization of $460.92 million, a PE ratio of 46.61 and a beta of 0.85. Cross Country Healthcare, Inc. has a 52-week low of $10.88 and a 52-week high of $16.38.

Cross Country Healthcare (NASDAQ:CCRN) last issued its 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 return on equity of 12.78% and a net margin of 1.06%. The company had revenue of $209.31 million during the quarter, compared to the consensus estimate of $209.92 million. During the same period in the previous year, the company posted $0.16 EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts predict that Cross Country Healthcare, Inc. will post $0.61 earnings per share for the current fiscal year.

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Cross Country Healthcare 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.

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

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