Cross Country Healthcare (CCRN) : Rudman Errol M reduced its stake in Cross Country Healthcare by 48.97% during the most recent quarter end. The investment management company now holds a total of 212,438 shares of Cross Country Healthcare which is valued at $2,538,634 after selling 203,856 shares in Cross Country Healthcare , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Cross Country Healthcare makes up approximately 2.34% of Rudman Errol M’s portfolio.
Other Hedge Funds, Including , Manufacturers Life Insurance Company The reduced its stake in CCRN by selling 459 shares or 2.07% in the most recent quarter. The Hedge Fund company now holds 21,729 shares of CCRN which is valued at $259,662. Coe Capital Management added CCRN to its portfolio by purchasing 79,995 company shares during the most recent quarter which is valued at $955,940. Cross Country Healthcare makes up approx 0.30% of Coe Capital Management’s portfolio.Timpani Capital Management reduced its stake in CCRN by selling 39,725 shares or 15.77% in the most recent quarter. The Hedge Fund company now holds 212,188 shares of CCRN which is valued at $2,535,647. Cross Country Healthcare makes up approx 1.01% of Timpani Capital Management’s portfolio.Pinebridge Investments boosted its stake in CCRN in the latest quarter, The investment management firm added 328 additional shares and now holds a total of 4,156 shares of Cross Country Healthcare which is valued at $49,664. First Trust Advisors Lp sold out all of its stake in CCRN during the most recent quarter. The investment firm sold 130,752 shares of CCRN which is valued $1,667,088.
Cross Country Healthcare opened for trading at $12.15 and hit $12.28 on the upside on Thursday, eventually ending the session at $12.24, with a gain of 0.58% or 0.07 points. The heightened volatility saw the trading volume jump to 1,61,894 shares. Company has a market cap of $404 M.
On the company’s financial health, Cross Country Healthcare reported $0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.13. The company had revenue of $199.40 million for the quarter, compared to analysts expectations of $203.66 million. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.
Cross Country Healthcare Inc. (CCRN) is engaged in providing healthcare recruiting staffing and workforce solutions. The Company operates in three segments: nurse and allied staffing physician staffing and other human capital management services. The Nurse and Allied Staffing segment provides traditional staffing including temporary and permanent placement of travel nurses and allied professionals and branch-based local nurses and allied staffing. The Physician Staffing segment provides physicians certified registered nurse anesthetists (CRNAs) nurse practitioners (NPs) and physician assistants (PAs) under the Company’s Medical Doctor Associates. The Other Human Capital Management Services segment provides education and training programs to the healthcare industry and retained search services for physicians and healthcare executives in the United States.