Inspire Advisors LLC Invests $304,000 in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Inspire Advisors LLC purchased a new stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 22,593 shares of the business services provider’s stock, valued at approximately $304,000. Inspire Advisors LLC owned about 0.06% of Cross Country Healthcare as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Boston Partners acquired a new stake in shares of Cross Country Healthcare during the first quarter worth $2,511,000. BOKF NA bought a new stake in Cross Country Healthcare in the 1st quarter valued at about $247,000. Dana Investment Advisors Inc. grew its position in shares of Cross Country Healthcare by 34.7% during the 2nd quarter. Dana Investment Advisors Inc. now owns 404,370 shares of the business services provider’s stock worth $5,596,000 after purchasing an additional 104,136 shares in the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of Cross Country Healthcare by 22.8% during the first quarter. Orion Portfolio Solutions LLC now owns 75,819 shares of the business services provider’s stock worth $1,419,000 after purchasing an additional 14,101 shares during the period. Finally, Sei Investments Co. raised its position in shares of Cross Country Healthcare by 6.4% in the first quarter. Sei Investments Co. now owns 138,863 shares of the business services provider’s stock valued at $2,600,000 after buying an additional 8,362 shares in the last quarter. 96.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CCRN. Truist Financial raised their price objective on Cross Country Healthcare from $16.00 to $17.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Barrington Research decreased their price target on Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $19.60.

Cross Country Healthcare Stock Performance

Shares of CCRN opened at $12.87 on Friday. Cross Country Healthcare, Inc. has a 52-week low of $12.00 and a 52-week high of $23.64. The firm has a market cap of $447.54 million, a price-to-earnings ratio of 9.90, a PEG ratio of 2.37 and a beta of 0.63. The business’s fifty day moving average is $13.81 and its 200-day moving average is $14.95.

Cross Country Healthcare (NASDAQ:CCRN) last released its earnings results on Wednesday, July 31st. The business services provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The business had revenue of $339.77 million during the quarter, compared to the consensus estimate of $334.75 million. Cross Country Healthcare had a net margin of 0.54% and a return on equity of 7.29%. The business’s revenue was down 37.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 EPS. As a group, research analysts forecast that Cross Country Healthcare, Inc. will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling

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

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.