Pacer Advisors Inc. Decreases Stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Pacer Advisors Inc. lowered its position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 12.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,962,077 shares of the business services provider's stock after selling 588,771 shares during the quarter. Pacer Advisors Inc. owned 11.72% of Cross Country Healthcare worth $53,250,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. SummerHaven Investment Management LLC lifted its holdings in Cross Country Healthcare by 3.8% during the second quarter. SummerHaven Investment Management LLC now owns 28,376 shares of the business services provider's stock worth $393,000 after acquiring an additional 1,032 shares during the period. Raymond James & Associates raised its stake in shares of Cross Country Healthcare by 0.7% during the 2nd quarter. Raymond James & Associates now owns 165,324 shares of the business services provider's stock worth $2,288,000 after purchasing an additional 1,155 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Cross Country Healthcare by 9.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,639 shares of the business services provider's stock worth $312,000 after buying an additional 1,450 shares during the last quarter. Gladius Capital Management LP grew its position in Cross Country Healthcare by 83.4% during the third quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider's stock valued at $54,000 after buying an additional 1,812 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Cross Country Healthcare by 32.8% during the third quarter. GAMMA Investing LLC now owns 7,543 shares of the business services provider's stock worth $101,000 after buying an additional 1,865 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CCRN shares. Benchmark dropped their target price on shares of Cross Country Healthcare from $19.00 to $18.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. Truist Financial reduced their price objective on Cross Country Healthcare from $17.00 to $15.00 and set a "hold" rating for the company in a report on Monday, October 21st. Finally, Barrington Research lowered their target price on Cross Country Healthcare from $21.00 to $19.00 and set an "outperform" rating on the stock in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $18.50.

Cross Country Healthcare Stock Down 0.4 %

CCRN traded down $0.04 on Friday, hitting $10.34. The company's stock had a trading volume of 296,661 shares, compared to its average volume of 533,576. The company's 50 day simple moving average is $12.25 and its 200-day simple moving average is $13.91. Cross Country Healthcare, Inc. has a 12 month low of $9.58 and a 12 month high of $23.64. The firm has a market cap of $340.39 million, a P/E ratio of -207.56, a price-to-earnings-growth ratio of 1.98 and a beta of 0.65.

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.