Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires New Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 50,000 shares of the business services provider's stock, valued at approximately $908,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.15% of Cross Country Healthcare at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CCRN. Intech Investment Management LLC purchased a new position in Cross Country Healthcare in the 3rd quarter worth $768,000. Dynamic Technology Lab Private Ltd bought a new stake in Cross Country Healthcare during the 3rd quarter valued at approximately $309,000. Truvestments Capital LLC bought a new stake in shares of Cross Country Healthcare during the third quarter valued at approximately $39,000. BNP Paribas Financial Markets grew its position in shares of Cross Country Healthcare by 288.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 54,967 shares of the business services provider's stock worth $739,000 after buying an additional 40,799 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Cross Country Healthcare by 14.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,169 shares of the business services provider's stock worth $137,000 after purchasing an additional 1,250 shares during the period. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Cross Country Healthcare Stock Performance

CCRN stock traded down $0.11 during midday trading on Friday, reaching $15.00. The company's stock had a trading volume of 272,561 shares, compared to its average volume of 598,366. Cross Country Healthcare, Inc. has a 1 year low of $9.58 and a 1 year high of $19.14. The firm has a market capitalization of $492.20 million, a price-to-earnings ratio of -299.94, a PEG ratio of 3.32 and a beta of 0.44. The stock has a fifty day simple moving average of $17.04 and a two-hundred day simple moving average of $15.22.

Analyst Ratings Changes

A number of equities analysts have weighed in on CCRN shares. JMP Securities reissued a "market perform" rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. StockNews.com assumed coverage on shares of Cross Country Healthcare in a report on Friday. They set a "hold" rating on the stock. William Blair cut Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. Truist Financial boosted their price target on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the stock a "hold" rating in a research note on Thursday, December 5th. Finally, Benchmark cut shares of Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Cross Country Healthcare has a consensus rating of "Hold" and a consensus 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.