Principal Financial Group Inc. Sells 144,807 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Principal Financial Group Inc. trimmed its position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 82.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,994 shares of the business services provider's stock after selling 144,807 shares during the quarter. Principal Financial Group Inc. owned 0.09% of Cross Country Healthcare worth $563,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CCRN. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Cross Country Healthcare by 14.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,169 shares of the business services provider's stock valued at $137,000 after buying an additional 1,250 shares during the last quarter. Gladius Capital Management LP increased its stake in Cross Country Healthcare by 83.4% in the 3rd 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 last quarter. Truvestments Capital LLC acquired a new stake in Cross Country Healthcare in the 3rd quarter valued at $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Cross Country Healthcare in the 3rd quarter valued at $49,000. Finally, Point72 DIFC Ltd acquired a new stake in Cross Country Healthcare in the 3rd quarter valued at $52,000. 96.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. JMP Securities reiterated a "market perform" rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Benchmark lowered shares of Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. Barrington Research restated a "market perform" rating on shares of Cross Country Healthcare in a research note on Tuesday, December 10th. StockNews.com started coverage on shares of Cross Country Healthcare in a research note on Tuesday, March 4th. They set a "hold" rating on the stock. Finally, 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. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $18.54.

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Cross Country Healthcare Trading Up 0.8 %

Shares of Cross Country Healthcare stock traded up $0.13 during trading on Friday, hitting $15.93. 481,897 shares of the stock were exchanged, compared to its average volume of 526,607. The stock has a market capitalization of $522.76 million, a price-to-earnings ratio of -318.54, a price-to-earnings-growth ratio of 3.32 and a beta of 0.44. The company has a fifty day moving average price of $17.92 and a 200-day moving average price of $15.15. Cross Country Healthcare, Inc. has a 1-year low of $9.58 and a 1-year high of $19.25.

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.