Cross Country Healthcare, Inc. (NASDAQ:CCRN) Shares Bought by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC boosted its stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 22.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,627 shares of the business services provider’s stock after buying an additional 24,017 shares during the period. Essex Investment Management Co. LLC owned approximately 0.36% of Cross Country Healthcare worth $1,686,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Wellington Management Group LLP raised its stake in Cross Country Healthcare by 4.1% in the first 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 during the period. Wells Fargo & Company MN raised its stake in 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 valued at $37,655,000 after buying an additional 740,106 shares during the period. Vanguard Group Inc. raised its stake in Cross Country Healthcare by 7.7% in the first quarter. Vanguard Group Inc. now owns 1,832,958 shares of the business services provider’s stock valued at $26,321,000 after buying an additional 131,295 shares during the period. State Street Corp raised its stake in Cross Country Healthcare by 4.5% in the fourth quarter. State Street Corp now owns 725,878 shares of the business services provider’s stock valued at $11,328,000 after buying an additional 30,988 shares during the period. Finally, Royce & Associates LP raised its stake in Cross Country Healthcare by 98.1% in the first quarter. Royce & Associates LP now owns 579,686 shares of the business services provider’s stock valued at $8,324,000 after buying an additional 287,123 shares during the period. 89.74% of the stock is currently owned by institutional investors.

Cross Country Healthcare, Inc. (NASDAQ CCRN) opened at 12.32 on Friday. The stock has a market capitalization of $449.61 million, a P/E ratio of 45.46 and a beta of 0.83. Cross Country Healthcare, Inc. has a 12-month low of $10.88 and a 12-month high of $16.38. The stock has a 50 day moving average price of $12.37 and a 200-day moving average price of $13.33.

Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.07. The company 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 was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.16 EPS. Equities research analysts expect that Cross Country Healthcare, Inc. will post $0.61 EPS for the current year.

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Several analysts have weighed in on CCRN shares. Zacks Investment Research lowered Cross Country Healthcare from a “hold” rating to a “sell” rating in a report on Wednesday, June 14th. Benchmark Co. decreased their price objective on 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. BidaskClub lowered Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Finally, UBS AG reiterated a “buy” rating and set a $15.00 target price (down from $16.50) on shares of Cross Country Healthcare in a research report on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Cross Country Healthcare 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.

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

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