SCHEDULE 13G/A: BlackRock Amends Passive Stake in Cross Country Healthcare to 7.5%
Beneficial Ownership Filing (Schedule 13G/A)
BlackRock, Inc. has filed an amended Schedule 13G, disclosing a 7.5% passive beneficial ownership stake in Cross Country Healthcare Inc.
Summary
- BlackRock, Inc. reported beneficial ownership of 2,468,424 shares of Cross Country Healthcare Inc. common stock.
- This ownership represents 7.5% of the total outstanding common stock of Cross Country Healthcare Inc.
- BlackRock holds sole voting power over 2,390,171 shares and sole dispositive power over 2,468,424 shares.
- The filing is an Amendment No. 5 to a Schedule 13G, indicating a passive investment intent.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing disclosing a passive ownership stake, providing factual information without expressing positive or negative sentiment regarding the issuer's performance or outlook.
Positives
- The filing indicates continued institutional interest in Cross Country Healthcare Inc. from a major asset manager like BlackRock.
- BlackRock's passive investment stance suggests no immediate intent to influence or disrupt the company's control or operations.
Negatives
- The document does not contain information that would be considered negative regarding Cross Country Healthcare Inc.'s operations or financial performance.
Risks
- The document does not contain information about specific risks related to Cross Country Healthcare Inc.'s operations or financial performance, as it is a beneficial ownership filing.
Future Outlook
The document does not provide any forward-looking statements or guidance regarding Cross Country Healthcare Inc.'s future performance or strategic direction, as it is a beneficial ownership disclosure.
Management Comments
- BlackRock, Inc. certifies that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.
Industry Context
This Schedule 13G/A filing is a routine regulatory disclosure by a major institutional investor, BlackRock, Inc., indicating its passive ownership stake in Cross Country Healthcare Inc. Such filings are common for large asset managers who hold significant, but non-controlling, positions across numerous publicly traded companies as part of their investment portfolios.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake, confirming BlackRock's passive investment intent.
- Regulators: Fulfills SEC disclosure requirements for beneficial ownership, ensuring market transparency.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney date, which was revoked by the new one. |
| 2025-01-21 | Effective date of the new Power of Attorney for BlackRock, Inc. |
| 2025-06-30 | Date of event which requires the filing of this statement (reporting period end date). |
| 2025-07-16 | Date the Schedule 13G/A filing was signed and submitted. |
Keywords
BlackRock, Cross Country Healthcare, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment, SEC Filing
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