AlphaQuest LLC Decreases Stock Holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

AlphaQuest LLC lessened its stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 92.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,954 shares of the business services provider's stock after selling 24,118 shares during the period. AlphaQuest LLC's holdings in Cross Country Healthcare were worth $35,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Alpine Associates Management Inc. acquired a new position in Cross Country Healthcare in the fourth quarter valued at $10,552,000. Jacobs Levy Equity Management Inc. bought a new position in shares of Cross Country Healthcare in the 3rd quarter worth about $7,350,000. Zweig DiMenna Associates LLC acquired a new position in shares of Cross Country Healthcare in the 4th quarter valued at about $6,841,000. ABC Arbitrage SA bought a new stake in shares of Cross Country Healthcare during the 4th quarter valued at about $3,038,000. Finally, Dana Investment Advisors Inc. grew its stake in Cross Country Healthcare by 36.6% during the fourth quarter. Dana Investment Advisors Inc. now owns 552,875 shares of the business services provider's stock worth $10,040,000 after purchasing an additional 148,160 shares during the period. Institutional investors and hedge funds own 96.03% of the company's stock.

Cross Country Healthcare Trading Down 0.3 %

Shares of CCRN stock traded down $0.04 on Tuesday, hitting $14.96. 1,081,529 shares of the stock were exchanged, compared to its average volume of 584,415. The firm's 50 day moving average is $17.29 and its two-hundred day moving average is $15.19. Cross Country Healthcare, Inc. has a one year low of $9.58 and a one year high of $19.14. The firm has a market capitalization of $490.88 million, a PE ratio of -299.14, a P/E/G ratio of 3.32 and a beta of 0.44.

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Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. William Blair cut Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. JMP Securities reissued a "market perform" rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Truist Financial lifted their price target on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the company a "hold" rating in a research note on Thursday, December 5th. Benchmark cut shares of Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 4th. Finally, Barrington Research reaffirmed a "market perform" rating and issued a $18.61 target price on shares of Cross Country Healthcare in a research report on Friday, March 14th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $18.41.

Cross Country Healthcare Profile

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.