Insider Selling: Cross Country Healthcare, Inc. (NASDAQ:CCRN) Insider Sells 13,829 Shares of Stock

Cross Country Healthcare, Inc. (NASDAQ:CCRN) insider Karen Mote sold 13,829 shares of the 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 completion of the transaction, the insider now directly owns 24,696 shares of the company’s stock, valued at approximately $421,807.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Cross Country Healthcare Trading Down 3.2 %

NASDAQ CCRN traded down $0.55 on Monday, hitting $16.56. 440,190 shares of the company were exchanged, compared to its average volume of 432,594. The company has a market cap of $575.79 million, a PE ratio of 13.16, a PEG ratio of 2.57 and a beta of 0.63. Cross Country Healthcare, Inc. has a 12 month low of $12.87 and a 12 month high of $26.17. The stock has a fifty day moving average of $14.76 and a 200-day moving average of $16.97.

Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings data 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 return on equity of 7.29% and a net margin of 0.54%. The business had revenue of $339.77 million for the quarter, compared to analyst estimates of $334.75 million. During the same quarter in the previous year, the company posted $0.69 EPS. The business’s quarterly revenue was down 37.2% on a year-over-year basis. On average, analysts expect that Cross Country Healthcare, Inc. will post 0.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CCRN. Truist Financial upped their price objective on shares of Cross Country Healthcare from $16.00 to $17.00 and gave the stock a “hold” rating in a research note on Thursday. Benchmark lowered their price target on shares of Cross Country Healthcare from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Finally, Barrington Research lowered their price target on shares of Cross Country Healthcare from $24.00 to $21.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Cross Country Healthcare presently has an average rating of “Hold” and an average target price of $21.00.

Institutional Trading of Cross Country Healthcare

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in shares of Cross Country Healthcare in the fourth quarter valued at about $28,000. Gladius Capital Management LP grew its position in Cross Country Healthcare by 37.1% during the fourth quarter. Gladius Capital Management LP now owns 1,902 shares of the business services provider’s stock valued at $43,000 after buying an additional 515 shares during the period. nVerses Capital LLC bought a new position in Cross Country Healthcare during the second quarter valued at about $50,000. Denali Advisors LLC grew its position in Cross Country Healthcare by 3,885.5% during the first quarter. Denali Advisors LLC now owns 5,500 shares of the business services provider’s stock valued at $103,000 after buying an additional 5,362 shares during the period. Finally, EMC Capital Management bought a new position in Cross Country Healthcare during the first quarter valued at about $155,000. Hedge funds and other institutional investors own 96.03% 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.