JPMorgan Chase & Co. Sells 49,732 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

JPMorgan Chase & Co. lowered its holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 60.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,259 shares of the business services provider's stock after selling 49,732 shares during the period. JPMorgan Chase & Co. owned about 0.10% of Cross Country Healthcare worth $434,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. bought a new stake in shares of Cross Country Healthcare during the 3rd quarter worth $7,350,000. Royce & Associates LP raised its position in Cross Country Healthcare by 51.4% in the third quarter. Royce & Associates LP now owns 1,132,566 shares of the business services provider's stock worth $15,222,000 after acquiring an additional 384,374 shares during the period. Jane Street Group LLC boosted its stake in Cross Country Healthcare by 337.6% in the third quarter. Jane Street Group LLC now owns 181,492 shares of the business services provider's stock valued at $2,439,000 after acquiring an additional 140,013 shares during the last quarter. Systematic Financial Management LP grew its position in shares of Cross Country Healthcare by 8.5% during the 3rd quarter. Systematic Financial Management LP now owns 1,662,730 shares of the business services provider's stock valued at $22,347,000 after acquiring an additional 130,746 shares during the period. Finally, Dana Investment Advisors Inc. increased its stake in shares of Cross Country Healthcare by 34.7% during the 2nd quarter. Dana Investment Advisors Inc. now owns 404,370 shares of the business services provider's stock worth $5,596,000 after purchasing an additional 104,136 shares during the last quarter. Institutional investors own 96.03% of the company's stock.

Cross Country Healthcare Stock Down 0.1 %

CCRN traded down $0.02 during trading on Friday, reaching $18.22. 194,704 shares of the company were exchanged, compared to its average volume of 445,553. Cross Country Healthcare, Inc. has a 12-month low of $9.58 and a 12-month high of $22.14. The company's 50-day moving average is $17.11 and its two-hundred day moving average is $14.80. The company has a market cap of $597.98 million, a price-to-earnings ratio of -364.33, a P/E/G ratio of 3.35 and a beta of 0.46.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. StockNews.com began coverage on Cross Country Healthcare in a report on Friday. They set a "hold" rating for the company. Benchmark lowered Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. Truist Financial upped 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. Barrington Research reiterated a "market perform" rating on shares of Cross Country Healthcare in a research report on Tuesday, December 10th. Finally, William Blair lowered shares of Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $18.54.

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.