50,692 Shares in Cross Country Healthcare, Inc. (NASDAQ:CCRN) Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. acquired a new position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,692 shares of the business services provider's stock, valued at approximately $681,000. Point72 Asset Management L.P. owned 0.15% of Cross Country Healthcare at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CCRN. SummerHaven Investment Management LLC boosted its stake in shares of Cross Country Healthcare by 3.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 28,376 shares of the business services provider's stock worth $393,000 after buying an additional 1,032 shares during the last quarter. Raymond James & Associates boosted its position in Cross Country Healthcare by 0.7% during the second quarter. Raymond James & Associates now owns 165,324 shares of the business services provider's stock valued at $2,288,000 after purchasing an additional 1,155 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Cross Country Healthcare by 14.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,169 shares of the business services provider's stock valued at $137,000 after purchasing an additional 1,250 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Cross Country Healthcare by 9.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,639 shares of the business services provider's stock valued at $312,000 after purchasing an additional 1,450 shares in the last quarter. Finally, Gladius Capital Management LP increased its position in shares of Cross Country Healthcare by 83.4% during the 3rd quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider's stock worth $54,000 after purchasing an additional 1,812 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Benchmark cut shares of Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. Truist Financial lifted their price objective on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the company a "hold" rating in a research report on Thursday, December 5th. Barrington Research reaffirmed a "market perform" rating on shares of Cross Country Healthcare in a report on Tuesday. Finally, William Blair downgraded Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 4th. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Cross Country Healthcare presently has a consensus rating of "Hold" and an average price target of $18.54.

Cross Country Healthcare Stock Up 0.1 %

Shares of Cross Country Healthcare stock traded up $0.02 on Thursday, hitting $18.06. The stock had a trading volume of 662,852 shares, compared to its average volume of 603,832. The stock has a market cap of $594.48 million, a price-to-earnings ratio of -361.20, a price-to-earnings-growth ratio of 3.45 and a beta of 0.61. The business's 50 day moving average is $12.36 and its two-hundred day moving average is $13.82. Cross Country Healthcare, Inc. has a twelve month low of $9.58 and a twelve month high of $23.64.

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.