Commonwealth of Pennsylvania Public School Empls Retrmt SYS Takes $908,000 Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,000 shares of the business services provider's stock, valued at approximately $908,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.15% of Cross Country Healthcare as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CCRN. Magnetar Financial LLC purchased a new position in Cross Country Healthcare in the 4th quarter worth $41,421,000. Alpine Associates Management Inc. purchased a new stake in Cross Country Healthcare in the 4th quarter worth approximately $10,552,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Cross Country Healthcare during the 3rd quarter worth approximately $7,350,000. Zweig DiMenna Associates LLC purchased a new position in shares of Cross Country Healthcare during the 4th quarter valued at approximately $6,841,000. Finally, ABC Arbitrage SA acquired a new position in shares of Cross Country Healthcare in the 4th quarter valued at $3,038,000. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Cross Country Healthcare Trading Down 0.7 %

NASDAQ:CCRN traded down $0.11 during trading hours on Friday, hitting $15.00. 272,561 shares of the stock were exchanged, compared to its average volume of 598,366. The firm's fifty day moving average price is $17.04 and its 200 day moving average price is $15.21. Cross Country Healthcare, Inc. has a 52-week low of $9.58 and a 52-week high of $19.14. The company has a market cap of $492.20 million, a P/E ratio of -299.94, a P/E/G ratio of 3.32 and a beta of 0.44.

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Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CCRN. Truist Financial lifted their price objective on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the company a "hold" rating in a report on Thursday, December 5th. William Blair lowered 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 and set a $18.61 price target on shares of Cross Country Healthcare in a research report on Friday, March 14th. JMP Securities restated a "market perform" rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Finally, StockNews.com began coverage on Cross Country Healthcare in a research report on Friday. They set a "hold" rating on the stock. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Cross Country Healthcare presently has a consensus rating of "Hold" and an average target price 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.