Wasatch Advisors LP Takes 6.2% Stake in Cross Country Healthcare

TL;DR

**Wasatch Advisors LP just disclosed a 6.2% stake in Cross Country Healthcare, signaling institutional confidence.**

AI Summary

Wasatch Advisors LP, an investment adviser, reported on February 9, 2024, that it owns 2,193,604 shares of Cross Country Healthcare, Inc. common stock, representing 6.2% of the company's outstanding shares. This filing indicates Wasatch Advisors LP has sole voting and dispositive power over these shares, meaning they control how these shares are voted and sold. This matters to investors because a significant stake by an institutional investor like Wasatch can signal confidence in the company's future, potentially influencing other investors and the stock price.

Why It Matters

This filing shows a major institutional investor, Wasatch Advisors LP, has a significant ownership stake in Cross Country Healthcare, Inc., which can be seen as a vote of confidence in the company's prospects.

Risk Assessment

Risk Level: low — This filing indicates an institutional investor has increased its stake, which is generally seen as a positive sign and does not inherently introduce new risks.

Analyst Insight

A smart investor would view this as a positive indicator, suggesting that a professional investment firm sees value in Cross Country Healthcare, Inc. and might consider further research into the company's fundamentals and future prospects.

Key Numbers

• 2,193,604 — Shares Owned (Total shares of Cross Country Healthcare, Inc. common stock owned by Wasatch Advisors LP.)
• 6.2% — Percent of Class Owned (The percentage of Cross Country Healthcare, Inc.'s common stock outstanding owned by Wasatch Advisors LP.)

Key Players & Entities

• Wasatch Advisors LP (company) — reporting person and investment adviser
• Cross Country Healthcare, Inc. (company) — issuer of the securities
• 2,193,604 (dollar_amount) — number of shares owned by Wasatch Advisors LP
• 6.2% (dollar_amount) — percentage of class owned by Wasatch Advisors LP

Forward-Looking Statements

• Other institutional investors may view Wasatch Advisors LP's significant stake as a positive signal, potentially leading to increased interest or investment in Cross Country Healthcare, Inc. (Cross Country Healthcare, Inc.) — medium confidence, target: Next 6-12 months

FAQ

From the Filing

0000814133-24-000040.txt : 20240209 0000814133-24-000040.hdr.sgml : 20240209 20240209140259 ACCESSION NUMBER: 0000814133-24-000040 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 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 SEC ACT: 1934 Act SEC FILE NUMBER: 005-78032 FILM NUMBER: 24613897 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: WASATCH ADVISORS LP CENTRAL INDEX KEY: 0000814133 ORGANIZATION NAME: IRS NUMBER: 870319391 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 505 WAKARA WAY STREET 2: 3RD FLOOR CITY: SALT LAKE CITY STATE: UT ZIP: 84108 BUSINESS PHONE: 8015330777 MAIL ADDRESS: STREET 1: 505 WAKARA WAY STREET 2: 3RD FLOOR CITY: SALT LAKE CITY STATE: UT ZIP: 84108 FORMER COMPANY: FORMER CONFORMED NAME: WASATCH ADVISORS INC DATE OF NAME CHANGE: 19990611 SC 13G 1 ccrn224.txt SCHEDULE 13G Amendment No. Name of Issuer: Cross Country Healthcare, Inc. Title of Class of Securities: Common Stock CUSIP Number: 227483104 Item 1: Reporting Person: Wasatch Advisors LP 87-0319391 Item 2: Check Box If Member of Group: Not Applicable Item 3: SEC Use Item 4: Place of Organization: Utah Items 5-8: Number of Shares Owned With: Item 5: Sole Voting Power: 2,193,604 Item 6: Shared Voting Power: 0 Item 7: Sole Dispositive Power: 2,193,604 Item 8: Shared Dispositive Power: 0 Item 9: Aggregate Amount Owned: 2,193,604 Item 10: Check Box If Aggregate Amount Excludes Certain Shares: N/A Item 11: Percent of Class Owned: 6.2% Item 12: Type of Reporting Person: IA Item 1(a): Name of Issuer: Cross Country Healthcare, Inc. Item l(b): Address of Issuer: 6551 Park of Commerce Boulevard, N.W., Boca Raton, FL 33487 Item 2(a): Name of Person Filing: Wasatch Advisors LP Item 2(b): Address: 505 Wakara Way, Salt Lake City, UT 84108 Item 2(c): Citizenship: Not Applicable Item 2(d): Title of Class of Securities: Common Stock Item 2(e): CUSIP Number: 227483104 Item 3(e): Investment Adviser registered under section 203 of the Investment Advisers Act of 1940 Item 4(a): Amount Owned: 2,193,604 Item 4(b): Percent of Class Owned: 6.2% Item 4(c)(i): Sole Voting Power: 2,193,604 Item 4(c)(ii): Shared Voting Power: 0 Item 4(c)(iii): Sole Dispositive Power: 2,193,604 Item 4(c)(iv): Shared Dispositive Power: 0 Item 5: Check Box If Ownership Is 5% or Less of Class: [ ] Item 6. Ownership of More Than 5% on Behalf of Another Person: N/A Item 7: Identification of Subsidiary: Not Applicable Item 8: Identification of Members of Group: Not Applicable Item 9: Notice of Dissolution of Group: Not Applicable Item 10: Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct as of December 31, 2023. Date: 02/09/24 Signature: /s/JB Taylor Name/Title: JB Taylor/CEO