Jacobs Levy Equity Management Inc. Acquires Shares of 546,909 Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Jacobs Levy Equity Management Inc. bought a new position in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 546,909 shares of the business services provider's stock, valued at approximately $7,350,000. Jacobs Levy Equity Management Inc. owned about 1.66% of Cross Country Healthcare at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Royce & Associates LP increased its stake 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 valued at $15,222,000 after buying an additional 384,374 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Cross Country Healthcare by 3.8% during the 2nd quarter. Pacer Advisors Inc. now owns 4,550,848 shares of the business services provider's stock valued at $62,984,000 after acquiring an additional 165,032 shares during the period. American Century Companies Inc. grew its position in shares of Cross Country Healthcare by 15.9% during the 2nd quarter. American Century Companies Inc. now owns 772,834 shares of the business services provider's stock valued at $10,696,000 after acquiring an additional 106,226 shares during the period. Dana Investment Advisors Inc. grew its position 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 valued at $5,596,000 after acquiring an additional 104,136 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of Cross Country Healthcare by 39.9% during the 2nd quarter. AQR Capital Management LLC now owns 322,483 shares of the business services provider's stock valued at $4,463,000 after acquiring an additional 92,011 shares during the period. Institutional investors and hedge funds own 96.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Benchmark downgraded shares of Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a report on Wednesday. William Blair downgraded shares of Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Truist Financial raised their price target on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the company a "hold" rating in a report on Thursday. Finally, Barrington Research cut their price target on shares of Cross Country Healthcare from $21.00 to $19.00 and set an "outperform" rating for the company in a report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Cross Country Healthcare presently has a consensus rating of "Hold" and a consensus target price of $18.54.

Cross Country Healthcare Trading Up 0.1 %

Shares of Cross Country Healthcare stock traded up $0.01 on Friday, hitting $18.08. 1,362,526 shares of the company traded hands, compared to its average volume of 594,586. The company has a market cap of $595.14 million, a P/E ratio of -361.60, a P/E/G ratio of 2.13 and a beta of 0.61. The firm's 50-day simple moving average is $11.87 and its 200 day simple moving average is $13.69. Cross Country Healthcare, Inc. has a 12-month low of $9.58 and a 12-month high of $23.64.

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.