Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires New Shares in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 50,000 shares of the business services provider’s stock, valued at approximately $908,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased 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 worth $137,000 after buying an additional 1,250 shares during the last quarter. Plato Investment Management Ltd acquired a new position in shares of Cross Country Healthcare during the 4th quarter worth $46,000. Truvestments Capital LLC acquired a new position in shares of Cross Country Healthcare during the 3rd quarter worth $39,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Cross Country Healthcare during the 3rd quarter valued at $49,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of Cross Country Healthcare in the 3rd quarter valued at $52,000. 96.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on CCRN. StockNews.com initiated coverage on shares of Cross Country Healthcare in a research report on Thursday, March 20th. They set a “hold” rating on the stock. Truist Financial increased their price objective on Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a report on Thursday, December 5th. JMP Securities restated a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Benchmark downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, Barrington Research restated a “market perform” rating and issued a $18.61 price objective on shares of Cross Country Healthcare in a research note on Friday, March 14th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Cross Country Healthcare presently has an average rating of “Hold” and a consensus target price of $18.41.

Cross Country Healthcare Stock Performance

NASDAQ CCRN opened at $15.00 on Thursday. The stock has a market capitalization of $492.20 million, a PE ratio of -299.94, a P/E/G ratio of 3.32 and a beta of 0.44. The stock has a 50-day simple moving average of $17.17 and a 200 day simple moving average of $15.19. Cross Country Healthcare, Inc. has a twelve month low of $9.58 and a twelve month high of $19.14.

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.