Cross Country Healthcare, Inc. (NASDAQ:CCRN) Shares Sold by Foundry Partners LLC

Foundry Partners LLC trimmed its position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 74.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,245 shares of the business services provider's stock after selling 207,926 shares during the quarter. Foundry Partners LLC owned 0.20% of Cross Country Healthcare worth $972,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in shares of Cross Country Healthcare by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,256,832 shares of the business services provider's stock worth $51,095,000 after acquiring an additional 76,954 shares in the last quarter. Wasatch Advisors LP increased its holdings in Cross Country Healthcare by 74.3% during the 4th quarter. Wasatch Advisors LP now owns 2,193,604 shares of the business services provider's stock worth $49,663,000 after purchasing an additional 934,841 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Cross Country Healthcare by 4.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 421,576 shares of the business services provider's stock worth $9,544,000 after purchasing an additional 19,689 shares during the period. Bank of New York Mellon Corp raised its position in Cross Country Healthcare by 3.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 304,956 shares of the business services provider's stock valued at $4,221,000 after purchasing an additional 9,090 shares in the last quarter. Finally, Quantedge Capital Pte Ltd boosted its stake in shares of Cross Country Healthcare by 46.2% in the 4th quarter. Quantedge Capital Pte Ltd now owns 213,991 shares of the business services provider's stock valued at $4,845,000 after buying an additional 67,591 shares during the period. 96.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barrington Research cut their target price on shares of Cross Country Healthcare from $21.00 to $19.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th. 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 report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $19.60.

Insider Transactions at Cross Country Healthcare

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

Cross Country Healthcare Stock Performance

NASDAQ CCRN traded down $1.09 during trading hours on Friday, hitting $13.59. The company had a trading volume of 660,090 shares, compared to its average volume of 432,941. The business has a 50 day moving average of $14.97 and a 200-day moving average of $15.96. Cross Country Healthcare, Inc. has a 1-year low of $12.87 and a 1-year high of $25.76. The company has a market cap of $472.58 million, a PE ratio of 10.45, a price-to-earnings-growth ratio of 2.89 and a beta of 0.63.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.10 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $334.75 million. During the same period in the prior year, the business earned $0.69 earnings per share. The firm's quarterly revenue was down 37.2% compared to the same quarter last year. Sell-side analysts expect that Cross Country Healthcare, Inc. will post 0.52 earnings per share for the current fiscal year.

Cross Country Healthcare Profile

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.