AQR Capital Management LLC Lowers Stake in Cross Country Healthcare, Inc. (CCRN)

AQR Capital Management LLC lowered its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 19.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,278 shares of the business services provider’s stock after selling 18,365 shares during the period. AQR Capital Management LLC owned 0.21% of Cross Country Healthcare worth $1,081,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. LS Investment Advisors LLC increased its stake in Cross Country Healthcare by 484.5% in the first quarter. LS Investment Advisors LLC now owns 7,184 shares of the business services provider’s stock worth $103,000 after buying an additional 5,955 shares in the last quarter. Globeflex Capital L P acquired a new position in Cross Country Healthcare during the first quarter worth about $104,000. Mason Street Advisors LLC boosted its stake in Cross Country Healthcare by 6.9% in the first quarter. Mason Street Advisors LLC now owns 7,713 shares of the business services provider’s stock valued at $111,000 after buying an additional 499 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in Cross Country Healthcare during the first quarter valued at $157,000. Finally, Sapphire Star Partners LP bought a new position in Cross Country Healthcare during the first quarter worth approximately $161,000. 89.74% of the stock is owned by institutional investors.

Shares of Cross Country Healthcare, Inc. (CCRN) opened at 12.32 on Friday. Cross Country Healthcare, Inc. has a one year low of $10.88 and a one year high of $16.38. The company has a 50 day moving average price of $12.37 and a 200 day moving average price of $13.33. The company has a market cap of $449.61 million, a price-to-earnings ratio of 45.46 and a beta of 0.83.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.16 earnings per share for the quarter, beating the Zacks’ 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 net margin of 1.06% and a return on equity of 12.78%. Cross Country Healthcare’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $0.16 EPS. Equities analysts predict that Cross Country Healthcare, Inc. will post $0.61 EPS for the current year.

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Several brokerages have issued reports on CCRN. Zacks Investment Research lowered Cross Country Healthcare from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. Benchmark Co. reduced their price objective on Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, May 4th. BidaskClub cut Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, UBS AG reissued a “buy” rating and set a $15.00 price objective (down previously from $16.50) on shares of Cross Country Healthcare in a report on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $15.64.

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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