111,600 Shares in Cross Country Healthcare, Inc. (NASDAQ:CCRN) Bought by Norges Bank

Norges Bank bought a new stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 111,600 shares of the business services provider's stock, valued at approximately $2,027,000. Norges Bank owned approximately 0.34% of Cross Country Healthcare as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in CCRN. Magnetar Financial LLC purchased a new position in shares of Cross Country Healthcare during the fourth quarter valued at approximately $41,421,000. 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 purchasing an additional 6,582 shares during the last quarter. Royce & Associates LP raised its stake in shares of Cross Country Healthcare by 3.4% during the 4th quarter. Royce & Associates LP now owns 1,170,945 shares of the business services provider's stock worth $21,264,000 after acquiring an additional 38,379 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Cross Country Healthcare by 9.8% in the 4th quarter. American Century Companies Inc. now owns 1,032,203 shares of the business services provider's stock worth $18,745,000 after purchasing an additional 92,114 shares in the last quarter. Finally, Alpine Associates Management Inc. purchased a new stake in shares of Cross Country Healthcare during the fourth quarter worth about $10,552,000. Hedge funds and other institutional investors own 96.03% of the company's stock.

Cross Country Healthcare Price Performance

Shares of NASDAQ CCRN traded down $0.10 during mid-day trading on Thursday, hitting $14.17. The company had a trading volume of 39,976 shares, compared to its average volume of 596,638. Cross Country Healthcare, Inc. has a 12 month low of $9.58 and a 12 month high of $18.50. The firm's 50 day simple moving average is $15.94 and its two-hundred day simple moving average is $15.24. The stock has a market cap of $464.96 million, a price-to-earnings ratio of -283.34, a PEG ratio of 3.32 and a beta of 0.25.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. StockNews.com started coverage on shares of Cross Country Healthcare in a research note on Sunday. They issued a "hold" rating for the company. Barrington Research reissued a "market perform" rating and set a $18.61 target price on shares of Cross Country Healthcare in a research note on Friday, March 14th. Finally, JMP Securities reiterated a "market perform" rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average 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.