Cross Country Healthcare, Inc. (NASDAQ:CCRN) Short Interest Update

Cross Country Healthcare, Inc. (NASDAQ:CCRN - Get Free Report) was the target of a significant decrease in short interest during the month of August. As of August 15th, there was short interest totalling 3,870,000 shares, a decrease of 9.4% from the July 31st total of 4,270,000 shares. Based on an average daily volume of 413,800 shares, the days-to-cover ratio is presently 9.4 days. Currently, 12.1% of the shares of the company are short sold.

Insider Transactions at Cross Country Healthcare

In related news, insider Karen Mote sold 13,829 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $17.08, for a total transaction of $236,199.32. Following the completion of the transaction, the insider now directly owns 24,696 shares of the company's stock, valued at $421,807.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Karen Mote sold 13,829 shares of the company's stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $17.08, for a total transaction of $236,199.32. Following the transaction, the insider now owns 24,696 shares of the company's stock, valued at $421,807.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Cynthia Ann Grieco sold 1,945 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $17.21, for a total value of $33,473.45. Following the completion of the transaction, the vice president now owns 7,605 shares of the company's stock, valued at approximately $130,882.05. The disclosure for this sale can be found here. Company insiders own 4.90% of the company's stock.

Institutional Investors Weigh In On Cross Country Healthcare

Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC acquired a new position in shares of Cross Country Healthcare in the 4th quarter valued at $28,000. Gladius Capital Management LP raised its position in shares of Cross Country Healthcare by 37.1% in the 4th quarter. Gladius Capital Management LP now owns 1,902 shares of the business services provider's stock worth $43,000 after buying an additional 515 shares during the period. nVerses Capital LLC acquired a new position in Cross Country Healthcare in the second quarter valued at $50,000. Denali Advisors LLC boosted its holdings in Cross Country Healthcare by 3,885.5% in the first quarter. Denali Advisors LLC now owns 5,500 shares of the business services provider's stock valued at $103,000 after acquiring an additional 5,362 shares during the last quarter. Finally, EMC Capital Management purchased a new stake in Cross Country Healthcare during the first quarter valued at about $155,000. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Cross Country Healthcare Price Performance

NASDAQ:CCRN traded down $0.19 on Friday, reaching $14.92. The stock had a trading volume of 333,721 shares, compared to its average volume of 438,081. Cross Country Healthcare has a 12-month low of $12.87 and a 12-month high of $26.17. The company has a market cap of $504.45 million, a price-to-earnings ratio of 11.48, a P/E/G ratio of 2.89 and a beta of 0.63. The firm's fifty day moving average is $14.90 and its two-hundred day moving average is $16.08.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.04). Cross Country Healthcare had a net margin of 0.54% and a return on equity of 7.29%. The business had revenue of $339.77 million during the quarter, compared to analysts' expectations of $334.75 million. During the same period in the prior year, the firm earned $0.69 EPS. Cross Country Healthcare's revenue for the quarter was down 37.2% on a year-over-year basis. As a group, research analysts forecast that Cross Country Healthcare will post 0.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CCRN has been the topic of a number of research reports. Truist Financial increased their price objective on shares of Cross Country Healthcare from $16.00 to $17.00 and gave the company a "hold" rating in a research note on Thursday, August 1st. Barrington Research lowered their price target on shares of Cross Country Healthcare from $21.00 to $19.00 and set an "outperform" rating on the stock in a research report on Thursday, August 8th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $19.60.

About Cross Country Healthcare

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company's Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; vendor neutral and managed services programs; education healthcare services; in-home care services; and outsourcing services.

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