Noteworthy Short Interest Filing: What Next for Cross Country Incorporated (NASDAQ:CCRN) Stock After Increase in Shorted Shares?

November 29, 2016 - By Nellie Frank   ·   0 Comments

Noteworthy Short Interest Filing: What Next for Cross Country Incorporated (NASDAQ:CCRN) Stock After Increase in Shorted Shares?

The stock of Cross Country Incorporated (NASDAQ:CCRN) registered an increase of 4% in short interest. CCRN’s total short interest was 2.10M shares in November as published by FINRA. Its up 4% from 2.02 million shares, reported previously. With 240,800 shares average volume, it will take short sellers 9 days to cover their CCRN’s short positions. The short interest to Cross Country Incorporated’s float is 8.27%. The stock decreased 0.80% or $0.12 during the last trading session, hitting $14.84. Cross Country Healthcare, Inc. (NASDAQ:CCRN) has risen 16.21% since April 26, 2016 and is uptrending. It has outperformed by 10.95% the S&P500.

Cross Country Healthcare, Inc. is engaged in providing healthcare recruiting, staffing and workforce solutions. The company has a market cap of $490.54 million. The Firm operates in three divisions: Nurse and Allied Staffing, Physician Staffing and Other Human Capital Management Services. It has a 80.28 P/E ratio. The Company’s nurse and allied staffing segment is engaged in providing traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, and branch local nurses and allied staffing through its Cross Country Staffing brand, MSN, AHG, Mediscan and DirectEd brands.

Insitutional Activity: The institutional sentiment increased to 1.32 in Q2 2016. Its up 0.25, from 1.07 in 2016Q1. The ratio increased, as 21 funds sold all Cross Country Healthcare, Inc. shares owned while 40 reduced positions. 17 funds bought stakes while 48 increased positions. They now own 31.32 million shares or 2.17% less from 32.01 million shares in 2016Q1.
Moreover, Pnc Fincl Ser Grp Inc has 0% invested in Cross Country Healthcare, Inc. (NASDAQ:CCRN) for 227 shares. Renaissance Limited has 138,318 shares for 0% of their US portfolio. Us State Bank De last reported 0% of its portfolio in the stock. Eagle Boston Inv Mgmt has 504,979 shares for 0.95% of their US portfolio. Secor Cap Advisors Lp has invested 0.07% of its portfolio in Cross Country Healthcare, Inc. (NASDAQ:CCRN). Foundry Ltd holds 0.19% or 235,075 shares in its portfolio. Wells Fargo & Mn accumulated 0.01% or 1.94 million shares. Panagora Asset Mgmt last reported 0.01% of its portfolio in the stock. Falcon Point Cap Ltd last reported 87,915 shares in the company. Valley Natl Advisers Inc has 500 shares for 0% of their US portfolio. Tiaa Cref Investment Ltd Liability holds 216,803 shares or 0% of its portfolio. Fifth Third Bank & Trust reported 10,552 shares or 0% of all its holdings. Ig Invest last reported 0% of its portfolio in the stock. Zurcher Kantonalbank (Zurich Cantonalbank) has 1,253 shares for 0% of their US portfolio. Principal Financial Group reported 230,569 shares or 0% of all its holdings.

Insider Transactions: Since June 13, 2016, the stock had 4 insider buys, and 3 sales for $503,991 net activity. $98,487 worth of Cross Country Healthcare, Inc. (NASDAQ:CCRN) shares were sold by Dean Deborah A.. 3,000 shares were bought by CASH W LARRY, worth $36,660. Shares for $12,040 were bought by Burns William J. on Wednesday, August 10. 4,800 shares were sold by ANENBERG VICKIE, worth $72,192. On Wednesday, August 10 Grubbs William J bought $120,300 worth of the stock or 10,000 shares. 10,000 shares with value of $107,477 were bought by DIRCKS THOMAS C on Wednesday, August 17.

Cross Country Healthcare, Inc. (NASDAQ:CCRN) Ratings Coverage

Out of 3 analysts covering Cross Country Healthcare (NASDAQ:CCRN), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Cross Country Healthcare has been the topic of 5 analyst reports since August 9, 2015 according to StockzIntelligence Inc. Cantor Fitzgerald maintained Cross Country Healthcare, Inc. (NASDAQ:CCRN) on Sunday, August 9 with “Buy” rating. The stock of Cross Country Healthcare, Inc. (NASDAQ:CCRN) earned “Buy” rating by Lake Street on Wednesday, October 7. The stock of Cross Country Healthcare, Inc. (NASDAQ:CCRN) has “Buy” rating given on Friday, November 6 by Cantor Fitzgerald. The stock has “Buy” rating given by UBS on Friday, March 11.

CCRN Company Profile

Cross Country Healthcare, Inc. (CCRN), incorporated on May 20, 1999, is engaged in providing healthcare recruiting, staffing and workforce solutions. The Firm operates in three divisions: Nurse and Allied Staffing, Physician Staffing and Other Human Capital Management Services. In addition, the Company is engaged in providing multi-specialty locum tenens (temporary physician staffing) services, as well as other human capital management services focused on healthcare. The Company’s workforce solutions include managed service programs (MSPs), electronic medical record (EMR) transition/upgrade staffing, internal resource pool (IRP) consulting and development, recruitment process outsourcing (RPO), optimal workforce solutions, predictive analytics and education healthcare services. It has presence in the United States through approximately 70 branches.

More notable recent Cross Country Healthcare, Inc. (NASDAQ:CCRN) news were published by: Prnewswire.com which released: “Cross Country Healthcare’s Vickie Anenberg, President of Cross Country …” on November 04, 2016, also Prnewswire.com with their article: “Cross Country Healthcare Travel Nurses Complete Fourth Mission Trip to Ecuador” published on October 26, 2016, Prnewswire.com published: “Cross Country Healthcare Celebrates Corporate Expansion And New Headquarters …” on September 01, 2016. More interesting news about Cross Country Healthcare, Inc. (NASDAQ:CCRN) were released by: Seekingalpha.com and their article: “Cross Country Healthcare, Inc.’s (CCRN) CEO William Grubbs on Q3 2016 Results …” published on November 03, 2016 as well as Businesswire.com‘s news article titled: “Cross Country Healthcare to Attend the SunTrust Humphrey 2016 Business …” with publication date: October 19, 2016.

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By Nellie Frank


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