Victory Capital Management Inc. Reduces Holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Victory Capital Management Inc. cut its stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 52.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,167 shares of the business services provider's stock after selling 71,065 shares during the quarter. Victory Capital Management Inc. owned approximately 0.19% of Cross Country Healthcare worth $1,147,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Plato Investment Management Ltd acquired a new position in Cross Country Healthcare in the fourth quarter valued at approximately $46,000. Truvestments Capital LLC acquired a new position in Cross Country Healthcare in the third quarter valued at approximately $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Cross Country Healthcare in the third quarter valued at approximately $49,000. Point72 DIFC Ltd acquired a new position in Cross Country Healthcare in the third quarter valued at approximately $52,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Cross Country Healthcare by 14.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,169 shares of the business services provider's stock valued at $137,000 after acquiring an additional 1,250 shares during the period. 96.03% of the stock is owned by institutional investors and hedge funds.

Cross Country Healthcare Stock Performance

Shares of CCRN traded up $0.14 during trading hours on Friday, hitting $14.94. 977,573 shares of the stock were exchanged, compared to its average volume of 585,971. Cross Country Healthcare, Inc. has a 12-month low of $9.58 and a 12-month high of $19.14. The company has a market cap 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. The stock's 50-day moving average price is $17.36 and its two-hundred day moving average price is $15.18.

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Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CCRN. Truist Financial boosted their price target on Cross Country Healthcare from $15.00 to $18.61 and gave the company a "hold" rating in a report on Thursday, December 5th. William Blair downgraded Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. JMP Securities reaffirmed a "market perform" rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Barrington Research reaffirmed 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, StockNews.com started coverage on Cross Country Healthcare in a research note on Thursday. They set a "hold" rating for the company. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus 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.