Wedge Capital Management L L P NC Has $876,000 Stock Holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Wedge Capital Management L L P NC increased its position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 25.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,678 shares of the business services provider’s stock after buying an additional 7,918 shares during the quarter. Wedge Capital Management L L P NC owned 0.11% of Cross Country Healthcare worth $876,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CCRN. Pacer Advisors Inc. boosted its holdings in Cross Country Healthcare by 50.5% during the fourth quarter. Pacer Advisors Inc. now owns 2,489,580 shares of the business services provider’s stock valued at $56,364,000 after purchasing an additional 834,941 shares in the last quarter. LSV Asset Management boosted its holdings in Cross Country Healthcare by 218.0% during the third quarter. LSV Asset Management now owns 343,678 shares of the business services provider’s stock valued at $8,520,000 after purchasing an additional 235,600 shares in the last quarter. Kestrel Investment Management Corp acquired a new stake in Cross Country Healthcare during the third quarter valued at approximately $5,171,000. Charles Schwab Investment Management Inc. boosted its holdings in Cross Country Healthcare by 80.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 401,887 shares of the business services provider’s stock valued at $9,963,000 after purchasing an additional 179,093 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Cross Country Healthcare by 63.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 370,224 shares of the business services provider’s stock valued at $9,178,000 after purchasing an additional 144,035 shares in the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

Cross Country Healthcare Stock Performance

Shares of NASDAQ:CCRN opened at $17.40 on Friday. The firm has a market cap of $603.43 million, a PE ratio of 8.57, a price-to-earnings-growth ratio of 1.91 and a beta of 0.75. The firm’s fifty day moving average is $17.92 and its 200-day moving average is $20.29. Cross Country Healthcare, Inc. has a 52 week low of $15.65 and a 52 week high of $28.75.

Cross Country Healthcare (NASDAQ:CCRN) last released its earnings results on Wednesday, February 21st. The business services provider reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. Cross Country Healthcare had a net margin of 3.60% and a return on equity of 16.93%. The business had revenue of $414.04 million for the quarter, compared to analyst estimates of $404.42 million. During the same quarter in the previous year, the business earned $1.09 earnings per share. Cross Country Healthcare’s revenue for the quarter was down 34.1% on a year-over-year basis. Sell-side analysts forecast that Cross Country Healthcare, Inc. will post 0.92 EPS for the current year.

Wall Street Analysts Forecast Growth

CCRN has been the topic of a number of recent research reports. TheStreet downgraded Cross Country Healthcare from a “b-” rating to a “c+” rating in a report on Friday, March 1st. Benchmark cut their target price on shares of Cross Country Healthcare from $24.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. Barrington Research cut their target price on shares of Cross Country Healthcare from $26.00 to $24.00 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. Finally, Truist Financial cut their target price on shares of Cross Country Healthcare from $22.00 to $16.00 and set a “hold” rating for the company in a research note on Thursday, February 22nd. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $21.67.

Insider Buying and Selling at Cross Country Healthcare

In other Cross Country Healthcare news, insider Karen Mote sold 6,216 shares of Cross Country Healthcare stock in a transaction on Friday, March 15th. The shares were sold at an average price of $16.95, for a total value of $105,361.20. Following the completion of the sale, the insider now directly owns 35,101 shares of the company’s stock, valued at $594,961.95. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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.