BlackRock Amends Cross Country Healthcare Stake (13G/A)

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

From the Filing

0001086364-24-000835.txt : 20240122 0001086364-24-000835.hdr.sgml : 20240122 20240122140309 ACCESSION NUMBER: 0001086364-24-000835 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240122 DATE AS OF CHANGE: 20240122 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CROSS COUNTRY HEALTHCARE INC CENTRAL INDEX KEY: 0001141103 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HELP SUPPLY SERVICES [7363] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 134066229 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78032 FILM NUMBER: 24548166 BUSINESS ADDRESS: STREET 1: 6551 PARK OF COMMERCE BOULEVARD, N.W. CITY: BOCA RATON STATE: FL ZIP: 33487 BUSINESS PHONE: 8003472264 MAIL ADDRESS: STREET 1: 6551 PARK OF COMMERCE BOULEVARD, N.W. CITY: BOCA RATON STATE: FL ZIP: 33487 FORMER COMPANY: FORMER CONFORMED NAME: CROSS COUNTRY INC DATE OF NAME CHANGE: 20010521 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us2274831047_012224.txt us2274831047_012224.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 2) CROSS COUNTRY HEALTHCARE INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 227483104 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 227483104 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 5864588 (6) Shared voting power 0 (7) Sole dispositive power 6006414 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 6006414 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 17.1% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- CROSS COUNTRY HEALTHCARE INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 6551 PARK OF COMMERCE BOULEVARD BOCA RATON FL 33487 Item 2. 2(a) Name of person filing: --------------------------