Jane Street Group LLC Acquires 140,013 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Jane Street Group LLC raised its stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 337.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 181,492 shares of the business services provider's stock after buying an additional 140,013 shares during the quarter. Jane Street Group LLC owned about 0.55% of Cross Country Healthcare worth $2,439,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Virtus Investment Advisers Inc. bought a new stake in Cross Country Healthcare in the third quarter valued at approximately $323,000. State Street Corp grew its stake in Cross Country Healthcare by 0.5% in the third quarter. State Street Corp now owns 1,334,353 shares of the business services provider's stock valued at $17,934,000 after acquiring an additional 6,582 shares during the period. Systematic Financial Management LP increased its holdings in shares of Cross Country Healthcare by 8.5% in the third 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 in the last quarter. Point72 DIFC Ltd bought a new position in shares of Cross Country Healthcare during the 3rd quarter valued at about $52,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Cross Country Healthcare in the 3rd quarter valued at approximately $681,000. 96.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CCRN has been the topic of a number of research reports. 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. Truist Financial upped their target price 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. Benchmark downgraded Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. StockNews.com initiated coverage on Cross Country Healthcare in a research report on Sunday. They set a "hold" rating for the company. Finally, Barrington Research restated a "market perform" rating on shares of Cross Country Healthcare in a research note on Tuesday, December 10th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Cross Country Healthcare currently has a consensus rating of "Hold" and an average target price of $18.54.

Cross Country Healthcare Stock Performance

NASDAQ CCRN traded down $0.01 during trading hours on Monday, hitting $17.90. 376,462 shares of the company traded hands, compared to its average volume of 609,933. The stock has a market capitalization of $589.21 million, a price-to-earnings ratio of -357.93, a P/E/G ratio of 3.39 and a beta of 0.61. Cross Country Healthcare, Inc. has a twelve month low of $9.58 and a twelve month high of $23.64. The business's 50-day moving average is $13.15 and its 200-day moving average is $13.97.

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.