ETRADE Capital Management LLC lowered its position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 0.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 76,508 shares of the business services provider’s stock after selling 678 shares during the quarter. ETRADE Capital Management LLC owned 0.21% of Cross Country Healthcare worth $988,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. raised its position in Cross Country Healthcare by 68.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 273,987 shares of the business services provider’s stock worth $3,538,000 after buying an additional 111,178 shares during the last quarter. Prudential Financial Inc. raised its position in Cross Country Healthcare by 28.7% during the 1st quarter. Prudential Financial Inc. now owns 91,529 shares of the business services provider’s stock worth $1,314,000 after buying an additional 20,384 shares during the last quarter. Eagle Boston Investment Management Inc. raised its position in Cross Country Healthcare by 13.5% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 636,420 shares of the business services provider’s stock worth $8,216,000 after buying an additional 75,650 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Cross Country Healthcare by 0.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the business services provider’s stock worth $192,000 after buying an additional 100 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in Cross Country Healthcare by 6.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 44,520 shares of the business services provider’s stock worth $639,000 after buying an additional 2,525 shares during the last quarter. Institutional investors own 91.29% of the company’s stock.

A number of brokerages have commented on CCRN. UBS AG restated a “buy” rating and set a $15.00 price objective (down previously from $16.50) on shares of Cross Country Healthcare in a research report on Wednesday, June 14th. Benchmark Co. cut their price objective on shares of Cross Country Healthcare from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, BidaskClub downgraded shares of Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Cross Country Healthcare has a consensus rating of “Buy” and an average target price of $15.64.

Cross Country Healthcare, Inc. (NASDAQ CCRN) opened at 13.07 on Friday. The stock’s 50 day moving average is $12.46 and its 200-day moving average is $12.87. The firm has a market capitalization of $476.98 million, a PE ratio of 48.23 and a beta of 0.85. Cross Country Healthcare, Inc. has a 1-year low of $10.88 and a 1-year high of $16.38.

Cross Country Healthcare (NASDAQ:CCRN) last posted its earnings results on Wednesday, August 2nd. The business services provider reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $209.92 million. During the same period last year, the business posted $0.16 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. Equities research analysts forecast that Cross Country Healthcare, Inc. will post $0.61 EPS for the current year.

In related news, insider William J. Grubbs sold 49,113 shares of Cross Country Healthcare stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $12.16, for a total transaction of $597,214.08. Following the sale, the insider now directly owns 395,188 shares in the company, valued at $4,805,486.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.20% of the stock is owned by insiders.

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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.

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

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