BlackRock Amends Cross Country Healthcare Stake (13G/A)
Ticker: CCRN · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 1141103
| Field | Detail |
|---|---|
| Company | Cross Country Healthcare INC (CCRN) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in Cross Country Healthcare.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 22, 2024, indicating a change in their ownership of Cross Country Healthcare Inc. common stock as of December 31, 2023. This filing, Amendment No. 2, shows BlackRock's updated passive investment stake in the healthcare staffing company. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in the company's future prospects, potentially influencing other investors.
Why It Matters
This filing updates BlackRock's passive ownership in Cross Country Healthcare, providing transparency on a major institutional investor's position, which can influence market sentiment.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued presence as a significant shareholder, but this passive filing doesn't suggest any immediate action beyond monitoring future ownership changes.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Cross Country Healthcare Inc. (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the date the SC 13G/A was filed
Forward-Looking Statements
- BlackRock will continue to hold a significant, passive stake in Cross Country Healthcare Inc. for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 2, as stated in the filing.
Who is the 'subject company' in this filing?
The subject company is CROSS COUNTRY HEALTHCARE INC, as explicitly stated under 'SUBJECT COMPANY' in the filing details.
Who filed this SC 13G/A?
This SC 13G/A was filed by BlackRock Inc., as indicated under 'FILED BY' in the filing details.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Cross Country Healthcare Inc. is 227483104, as listed in the Schedule 13G section.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires the filing of this statement was December 31, 2023, as specified in the Schedule 13G section.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding CROSS COUNTRY HEALTHCARE INC (CCRN).