Geode Capital Management LLC Cuts Stock Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Geode Capital Management LLC decreased its holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 4.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 752,256 shares of the business services provider's stock after selling 35,752 shares during the period. Geode Capital Management LLC owned approximately 2.29% of Cross Country Healthcare worth $10,113,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jane Street Group LLC lifted its position 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 purchasing an additional 140,013 shares during the last quarter. PDT Partners LLC bought a new stake in Cross Country Healthcare during the 3rd quarter valued at $856,000. Royce & Associates LP boosted its position in Cross Country Healthcare by 51.4% during the 3rd quarter. Royce & Associates LP now owns 1,132,566 shares of the business services provider's stock valued at $15,222,000 after buying an additional 384,374 shares during the period. Systematic Financial Management LP grew 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 acquiring an additional 130,746 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Cross Country Healthcare by 288.0% in the third quarter. BNP Paribas Financial Markets now owns 54,967 shares of the business services provider's stock valued at $739,000 after acquiring an additional 40,799 shares during the period. Institutional investors own 96.03% of the company's stock.

Cross Country Healthcare Price Performance

CCRN stock traded up $0.01 during midday trading on Thursday, hitting $18.17. The stock had a trading volume of 847,308 shares, compared to its average volume of 603,476. The business has a 50-day moving average of $13.94 and a two-hundred day moving average of $14.14. The firm has a market cap of $598.10 million, a price-to-earnings ratio of -363.33, a price-to-earnings-growth ratio of 3.39 and a beta of 0.61. Cross Country Healthcare, Inc. has a 52-week low of $9.58 and a 52-week high of $23.64.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CCRN. 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 lifted their price objective on Cross Country Healthcare from $15.00 to $18.61 and gave the stock a "hold" rating in a research report on Thursday, December 5th. StockNews.com began coverage on Cross Country Healthcare in a report on Monday. They set a "hold" rating for the company. William Blair downgraded shares of Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 4th. Finally, Barrington Research reaffirmed a "market perform" rating on shares of Cross Country Healthcare in a research report on Tuesday, December 10th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, Cross Country Healthcare currently has an average rating of "Hold" and an average target price of $18.54.

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.