Zweig DiMenna Associates LLC Purchases New Shares in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Zweig DiMenna Associates LLC acquired a new position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 376,688 shares of the business services provider's stock, valued at approximately $6,841,000. Zweig DiMenna Associates LLC owned approximately 1.14% of Cross Country Healthcare as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of Cross Country Healthcare by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,360,016 shares of the business services provider's stock valued at $32,662,000 after acquiring an additional 24,363 shares during the period. Renaissance Technologies LLC raised its stake in Cross Country Healthcare by 225.5% during the 2nd quarter. Renaissance Technologies LLC now owns 92,509 shares of the business services provider's stock worth $1,280,000 after acquiring an additional 64,091 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Cross Country Healthcare by 29.9% in the second quarter. Hsbc Holdings PLC now owns 27,632 shares of the business services provider's stock valued at $377,000 after buying an additional 6,359 shares during the last quarter. Public Sector Pension Investment Board grew its position in Cross Country Healthcare by 4.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 71,927 shares of the business services provider's stock worth $995,000 after purchasing an additional 3,356 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in Cross Country Healthcare in the 2nd quarter valued at about $174,000. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Cross Country Healthcare Trading Down 0.3 %

NASDAQ:CCRN traded down $0.05 during trading hours on Friday, hitting $18.20. 419,506 shares of the company traded hands, compared to its average volume of 544,040. Cross Country Healthcare, Inc. has a twelve month low of $9.58 and a twelve month high of $23.15. The firm has a 50-day moving average of $15.99 and a 200 day moving average of $14.59. The stock has a market capitalization of $599.14 million, a price-to-earnings ratio of -363.93, a P/E/G ratio of 3.34 and a beta of 0.46.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Cross Country Healthcare in a research report on Thursday. They set a "hold" rating on the stock. Benchmark downgraded Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. William Blair lowered shares of Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. Barrington Research reiterated a "market perform" rating on shares of Cross Country Healthcare in a research note on Tuesday, December 10th. Finally, Truist Financial increased their price objective on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the company a "hold" rating in a report on Thursday, December 5th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $18.54.

Cross Country Healthcare Company 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.