Cross Country Healthcare, Inc. (NASDAQ:CCRN) Shares Bought by Gladius Capital Management LP

Gladius Capital Management LP lifted its stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 83.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,985 shares of the business services provider’s stock after acquiring an additional 1,812 shares during the period. Gladius Capital Management LP’s holdings in Cross Country Healthcare were worth $54,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCRN. Empowered Funds LLC boosted its stake in shares of Cross Country Healthcare by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 128,362 shares of the business services provider’s stock worth $1,725,000 after purchasing an additional 6,432 shares during the last quarter. Royce & Associates LP boosted its position in Cross Country Healthcare by 51.4% during the third quarter. Royce & Associates LP now owns 1,132,566 shares of the business services provider’s stock worth $15,222,000 after acquiring an additional 384,374 shares during the last quarter. US Bancorp DE grew its stake in Cross Country Healthcare by 10,909.3% in the 3rd quarter. US Bancorp DE now owns 4,734 shares of the business services provider’s stock worth $64,000 after acquiring an additional 4,691 shares during the period. Congress Asset Management Co. raised its holdings in Cross Country Healthcare by 8.0% in the 3rd quarter. Congress Asset Management Co. now owns 358,917 shares of the business services provider’s stock valued at $4,824,000 after acquiring an additional 26,470 shares during the last quarter. Finally, Pinnacle Associates Ltd. lifted its stake in shares of Cross Country Healthcare by 14.9% during the 3rd quarter. Pinnacle Associates Ltd. now owns 342,315 shares of the business services provider’s stock worth $4,601,000 after purchasing an additional 44,496 shares during the period. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Barrington Research dropped their target price on Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Benchmark dropped their price objective on shares of Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, Truist Financial decreased their target price on shares of Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating on the stock in a research report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $18.50.

Cross Country Healthcare Price Performance

CCRN stock opened at $9.81 on Friday. The stock has a 50-day moving average price of $12.52 and a two-hundred day moving average price of $14.10. Cross Country Healthcare, Inc. has a 12-month low of $9.58 and a 12-month high of $23.64.

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.