Congress Asset Management Co. Reduces Stock Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Congress Asset Management Co. lowered its position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 5.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 338,304 shares of the business services provider's stock after selling 20,613 shares during the period. Congress Asset Management Co. owned about 1.03% of Cross Country Healthcare worth $6,144,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Systematic Financial Management LP raised its holdings in 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 worth $22,347,000 after purchasing an additional 130,746 shares in the last quarter. State Street Corp raised its holdings in Cross Country Healthcare by 0.5% in the 3rd quarter. State Street Corp now owns 1,334,353 shares of the business services provider's stock worth $17,934,000 after purchasing an additional 6,582 shares in the last quarter. Royce & Associates LP raised its holdings in Cross Country Healthcare by 51.4% in the 3rd quarter. Royce & Associates LP now owns 1,132,566 shares of the business services provider's stock worth $15,222,000 after purchasing an additional 384,374 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Cross Country Healthcare in the 3rd quarter worth $7,350,000. Finally, Zweig DiMenna Associates LLC bought a new position in Cross Country Healthcare in the 4th quarter worth $6,841,000. Hedge funds and other institutional investors own 96.03% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Barrington Research restated a "market perform" rating on shares of Cross Country Healthcare in a report on Tuesday, December 10th. Benchmark lowered shares of Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. Truist Financial increased 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. 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. Finally, JMP Securities reiterated a "market perform" rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Cross Country Healthcare has a consensus rating of "Hold" and a consensus target price of $18.54.

Cross Country Healthcare Price Performance

CCRN stock traded up $0.05 during trading on Friday, hitting $18.10. 566,663 shares of the stock traded hands, compared to its average volume of 426,834. Cross Country Healthcare, Inc. has a 1 year low of $9.58 and a 1 year high of $19.25. The firm's 50 day moving average is $18.13 and its two-hundred day moving average is $15.00. The stock has a market cap of $594.04 million, a price-to-earnings ratio of -361.93, a price-to-earnings-growth ratio of 3.32 and a beta of 0.44.

Cross Country Healthcare Company 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.