Dana Investment Advisors Inc. Increases Position in Cross Country Healthcare, Inc. $CCRN

Dana Investment Advisors Inc. raised its holdings in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 71.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,008,525 shares of the business services provider’s stock after buying an additional 419,429 shares during the period. Dana Investment Advisors Inc. owned about 3.08% of Cross Country Healthcare worth $8,169,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BNP Paribas Financial Markets boosted its position in shares of Cross Country Healthcare by 50.0% during the second quarter. BNP Paribas Financial Markets now owns 3,424 shares of the business services provider’s stock valued at $45,000 after buying an additional 1,142 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Cross Country Healthcare by 422.0% during the second quarter. Tower Research Capital LLC TRC now owns 3,586 shares of the business services provider’s stock valued at $47,000 after buying an additional 2,899 shares during the period. Vazirani Asset Management LLC purchased a new position in shares of Cross Country Healthcare during the third quarter valued at approximately $142,000. Brooklyn Investment Group boosted its position in shares of Cross Country Healthcare by 228.9% during the third quarter. Brooklyn Investment Group now owns 10,583 shares of the business services provider’s stock valued at $150,000 after buying an additional 7,365 shares during the period. Finally, Gamco Investors INC. ET AL purchased a new position in shares of Cross Country Healthcare during the third quarter valued at approximately $160,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Stock Performance

Cross Country Healthcare stock opened at $13.13 on Friday. The company has a 50 day moving average price of $10.20 and a 200-day moving average price of $9.69. Cross Country Healthcare, Inc. has a fifty-two week low of $7.43 and a fifty-two week high of $14.99. The company has a market capitalization of $424.49 million, a PE ratio of -4.30, a P/E/G ratio of 13.47 and a beta of 0.35.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings results on Thursday, May 7th. The business services provider reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. Cross Country Healthcare had a negative net margin of 9.84% and a negative return on equity of 0.74%. The firm had revenue of $241.06 million during the quarter, compared to the consensus estimate of $237.07 million. On average, analysts forecast that Cross Country Healthcare, Inc. will post 0.1 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CCRN shares. Citizens Jmp lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 7th. Cross Research set a $14.00 target price on Cross Country Healthcare in a research report on Thursday, March 5th. Benchmark lowered Cross Country Healthcare from a “buy” rating to a “hold” rating in a research report on Friday, May 8th. Truist Financial boosted their target price on Cross Country Healthcare from $10.00 to $13.25 and gave the company a “hold” rating in a research report on Monday, May 11th. Finally, Citigroup downgraded shares of Cross Country Healthcare from a “market outperform” rating to a “market perform” rating in a research note on Thursday, May 7th. Nine investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $12.72.

Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc, headquartered in Boca Raton, Florida, is a leading provider of healthcare workforce solutions in the United States. The company specializes in the recruitment, placement and management of nursing and allied health professionals on both a travel and permanent basis. Through its integrated platform, Cross Country Healthcare serves hospitals, health systems, and long-term care facilities by matching qualified clinical talent with patient care needs across diverse care settings.

The company’s core service offerings include travel nurse and allied health staffing, per diem staffing, permanent placement services, and managed services programs.