Skandinaviska Enskilda Banken AB publ Takes $1.08 Million Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 60,000 shares of the business services provider's stock, valued at approximately $1,084,000. Skandinaviska Enskilda Banken AB publ owned about 0.18% of Cross Country Healthcare at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CCRN. Plato Investment Management Ltd bought a new stake in shares of Cross Country Healthcare in the 4th quarter valued at $46,000. Truvestments Capital LLC bought a new position in shares of Cross Country Healthcare during the 3rd quarter worth about $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Cross Country Healthcare during the 3rd quarter worth approximately $49,000. Point72 DIFC Ltd bought a new position in Cross Country Healthcare in the third quarter worth approximately $52,000. Finally, US Bancorp DE grew its stake in Cross Country Healthcare by 10,909.3% in the third quarter. US Bancorp DE now owns 4,734 shares of the business services provider's stock valued at $64,000 after acquiring an additional 4,691 shares during the period. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CCRN has been the subject of several research reports. William Blair downgraded shares of Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 4th. JMP Securities restated a "market perform" rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Benchmark cut shares of Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 4th. Barrington Research reissued a "market perform" rating and set a $18.61 price objective on shares of Cross Country Healthcare in a report on Friday, March 14th. Finally, Truist Financial raised their target price on Cross Country Healthcare from $15.00 to $18.61 and gave the company a "hold" rating in a report on Thursday, December 5th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $18.41.

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Cross Country Healthcare Price Performance

Shares of NASDAQ CCRN traded up $0.14 during mid-day trading on Friday, reaching $14.94. 977,573 shares of the company's stock were exchanged, compared to its average volume of 583,922. The firm has a 50-day moving average price of $17.42 and a two-hundred day moving average price of $15.18. The firm has a market capitalization of $490.23 million, a price-to-earnings ratio of -298.74, a price-to-earnings-growth ratio of 3.32 and a beta of 0.44. Cross Country Healthcare, Inc. has a 52 week low of $9.58 and a 52 week high of $19.14.

About Cross Country Healthcare

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.