Cross Country Healthcare, Inc. (NASDAQ:CCRN) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC lifted its holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 39.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 322,483 shares of the business services provider's stock after purchasing an additional 92,011 shares during the period. AQR Capital Management LLC owned approximately 0.93% of Cross Country Healthcare worth $4,463,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CCRN. nVerses Capital LLC purchased a new position in shares of Cross Country Healthcare in the 2nd quarter valued at about $50,000. GAMMA Investing LLC raised its holdings in shares of Cross Country Healthcare by 622.4% in the 2nd quarter. GAMMA Investing LLC now owns 5,678 shares of the business services provider's stock valued at $79,000 after purchasing an additional 4,892 shares in the last quarter. Denali Advisors LLC lifted its position in shares of Cross Country Healthcare by 3,885.5% during the 1st quarter. Denali Advisors LLC now owns 5,500 shares of the business services provider's stock worth $103,000 after purchasing an additional 5,362 shares during the last quarter. EMC Capital Management acquired a new position in shares of Cross Country Healthcare during the first quarter worth $155,000. Finally, Versor Investments LP increased its holdings in Cross Country Healthcare by 20.4% in the second quarter. Versor Investments LP now owns 12,400 shares of the business services provider's stock valued at $172,000 after buying an additional 2,100 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company's stock.

Cross Country Healthcare Trading Down 4.2 %

Shares of CCRN traded down $0.54 during mid-day trading on Friday, hitting $12.24. 1,076,222 shares of the company's stock were exchanged, compared to its average volume of 501,488. The firm has a market capitalization of $425.63 million, a P/E ratio of 9.42, a P/E/G ratio of 2.72 and a beta of 0.63. Cross Country Healthcare, Inc. has a fifty-two week low of $12.00 and a fifty-two week high of $25.62. The business's 50 day moving average is $14.67 and its two-hundred day moving average is $15.34.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last announced its earnings results on Wednesday, July 31st. The business services provider reported $0.10 earnings per share 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 company had revenue of $339.77 million during the quarter, compared to analysts' expectations of $334.75 million. During the same quarter last year, the business posted $0.69 earnings per share. The company's revenue for the quarter was down 37.2% compared to the same quarter last year. On average, equities research analysts forecast that Cross Country Healthcare, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CCRN has been the subject of several analyst reports. Barrington Research lowered their price objective on Cross Country Healthcare from $21.00 to $19.00 and set an "outperform" rating for the company in a research report on Thursday, August 8th. Truist Financial upped their target price on shares of Cross Country Healthcare from $16.00 to $17.00 and gave the company a "hold" rating in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $19.60.

Insider Activity

In other Cross Country Healthcare news, VP Cynthia Ann Grieco sold 1,945 shares of Cross Country Healthcare stock in a transaction that occurred 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 approximately $130,882.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Cynthia Ann Grieco sold 1,945 shares of the firm's stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $17.21, for a total value of $33,473.45. Following the completion of the sale, the vice president now owns 7,605 shares in the company, valued at $130,882.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Karen Mote sold 13,829 shares of the business's stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $17.08, for a total transaction of $236,199.32. Following the sale, the insider now directly owns 24,696 shares in the company, valued at approximately $421,807.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.90% of the company's stock.

Cross Country Healthcare Company 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.