Chicago Capital Management LLC Acquires New Shares in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Chicago Capital Management LLC acquired a new stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 402,000 shares of the business services provider's stock, valued at approximately $7,300,000. Cross Country Healthcare comprises about 4.5% of Chicago Capital Management LLC's holdings, making the stock its 6th biggest holding. Chicago Capital Management LLC owned approximately 1.22% of Cross Country Healthcare as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Magnetar Financial LLC acquired a new position in shares of Cross Country Healthcare during the 4th quarter worth approximately $41,421,000. Systematic Financial Management LP boosted its position in Cross Country Healthcare by 8.5% during the third quarter. Systematic Financial Management LP now owns 1,662,730 shares of the business services provider's stock worth $22,347,000 after purchasing an additional 130,746 shares during the period. State Street Corp increased its holdings in shares of Cross Country Healthcare by 0.5% in the third quarter. State Street Corp now owns 1,334,353 shares of the business services provider's stock valued at $17,934,000 after purchasing an additional 6,582 shares during the last quarter. Royce & Associates LP lifted its stake in shares of Cross Country Healthcare by 3.4% during the 4th quarter. Royce & Associates LP now owns 1,170,945 shares of the business services provider's stock worth $21,264,000 after buying an additional 38,379 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Cross Country Healthcare by 9.8% during the 4th quarter. American Century Companies Inc. now owns 1,032,203 shares of the business services provider's stock worth $18,745,000 after buying an additional 92,114 shares during the period. 96.03% of the stock is owned by institutional investors.

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Cross Country Healthcare Stock Performance

Shares of NASDAQ CCRN traded down $0.11 during mid-day trading on Friday, reaching $15.00. The company had a trading volume of 272,561 shares, compared to its average volume of 598,366. Cross Country Healthcare, Inc. has a one year low of $9.58 and a one year high of $19.14. The business's 50-day simple moving average is $17.04 and its 200 day simple moving average is $15.21. The firm has a market cap of $492.20 million, a price-to-earnings ratio of -299.94, a PEG ratio of 3.32 and a beta of 0.44.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Benchmark downgraded shares of Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 4th. Truist Financial lifted their price target on Cross Country Healthcare from $15.00 to $18.61 and gave the stock a "hold" rating in a report on Thursday, December 5th. StockNews.com started coverage on Cross Country Healthcare in a research report on Friday. They set a "hold" rating on the stock. William Blair cut shares of Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 4th. Finally, JMP Securities restated a "market perform" rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Cross Country Healthcare presently has an average rating of "Hold" and an average price target of $18.41.

About Cross Country Healthcare

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.