Alpine Associates Management Inc. bought a new stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 581,032 shares of the business services provider's stock, valued at approximately $10,552,000. Alpine Associates Management Inc. owned about 1.77% of Cross Country Healthcare as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently bought and sold shares of the business. Jane Street Group LLC boosted its position in Cross Country Healthcare by 337.6% during the 3rd quarter. Jane Street Group LLC now owns 181,492 shares of the business services provider's stock valued at $2,439,000 after acquiring an additional 140,013 shares in the last quarter. PDT Partners LLC acquired a new stake in Cross Country Healthcare during the 3rd quarter worth about $856,000. Barclays PLC boosted its position in Cross Country Healthcare by 117.5% in the 3rd quarter. Barclays PLC now owns 80,277 shares of the business services provider's stock worth $1,078,000 after purchasing an additional 43,372 shares in the last quarter. Royce & Associates LP increased its holdings in Cross Country Healthcare by 51.4% in the third quarter. Royce & Associates LP now owns 1,132,566 shares of the business services provider's stock valued at $15,222,000 after buying an additional 384,374 shares in the last quarter. Finally, Systematic Financial Management LP increased its stake in shares of Cross Country Healthcare by 8.5% in the 3rd quarter. Systematic Financial Management LP now owns 1,662,730 shares of the business services provider's stock valued at $22,347,000 after purchasing an additional 130,746 shares in the last quarter. Institutional investors own 96.03% of the company's stock.
Cross Country Healthcare Stock Down 0.8 %
CCRN stock traded down $0.13 during midday trading on Thursday, reaching $15.76. The company had a trading volume of 216,591 shares, compared to its average volume of 506,298. The firm has a market capitalization of $517.13 million, a PE ratio of -315.14, a P/E/G ratio of 3.32 and a beta of 0.44. The stock has a 50 day moving average price of $17.78 and a 200 day moving average price of $15.17. Cross Country Healthcare, Inc. has a fifty-two week low of $9.58 and a fifty-two week high of $19.25.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. William Blair lowered shares of Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. Barrington Research reiterated a "market perform" rating on shares of Cross Country Healthcare in a report on Tuesday, December 10th. Truist Financial upped their price objective on Cross Country Healthcare from $15.00 to $18.61 and gave the company a "hold" rating in a research note on Thursday, December 5th. JMP Securities reissued a "market perform" rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Finally, StockNews.com began coverage on shares of Cross Country Healthcare in a research note on Wednesday. They issued a "hold" rating for the company. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $18.54.
Check Out Our Latest Research Report on Cross Country Healthcare
Cross Country Healthcare Profile
(
Free Report)
Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company's Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; vendor neutral and managed services programs; education healthcare services; in-home care services; and outsourcing services.
Further Reading
Before you consider Cross Country Healthcare, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cross Country Healthcare wasn't on the list.
While Cross Country Healthcare currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
