PNC Financial Services Group Inc. Trims Stock Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

PNC Financial Services Group Inc. trimmed its holdings in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 73.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,658 shares of the business services provider's stock after selling 26,471 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Cross Country Healthcare were worth $175,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Dana Investment Advisors Inc. boosted its holdings in shares of Cross Country Healthcare by 36.6% in the fourth quarter. Dana Investment Advisors Inc. now owns 552,875 shares of the business services provider's stock valued at $10,040,000 after purchasing an additional 148,160 shares during the period. Plato Investment Management Ltd purchased a new stake in shares of Cross Country Healthcare in the 4th quarter worth $46,000. Olympiad Research LP bought a new position in shares of Cross Country Healthcare during the 4th quarter worth $1,520,000. Wolverine Asset Management LLC purchased a new position in shares of Cross Country Healthcare during the fourth quarter valued at $1,109,000. Finally, Ieq Capital LLC bought a new stake in shares of Cross Country Healthcare in the fourth quarter valued at about $231,000. 96.03% of the stock is owned by hedge funds and other institutional investors.

Cross Country Healthcare Stock Performance

NASDAQ:CCRN traded up $0.11 during midday trading on Thursday, reaching $15.11. 170,697 shares of the stock traded hands, compared to its average volume of 586,328. Cross Country Healthcare, Inc. has a 12-month low of $9.58 and a 12-month high of $19.14. The business has a 50-day moving average of $17.17 and a two-hundred day moving average of $15.19. The stock has a market capitalization of $495.80 million, a PE ratio of -302.14, a price-to-earnings-growth ratio of 3.32 and a beta of 0.44.

Remove Ads

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Truist Financial raised their target price on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the company a "hold" rating in a research report on Thursday, December 5th. Benchmark lowered shares of Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. JMP Securities restated a "market perform" rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. StockNews.com assumed coverage on Cross Country Healthcare in a research report on Thursday, March 20th. They set a "hold" rating on the stock. Finally, Barrington Research reissued a "market perform" rating and issued a $18.61 price target on shares of Cross Country Healthcare in a research report on Friday, March 14th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Cross Country Healthcare has a consensus rating of "Hold" and a consensus price target 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.