Russell Investments Group Ltd. boosted its stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN – Get Rating) by 345.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,873 shares of the business services provider’s stock after buying an additional 42,552 shares during the period. Russell Investments Group Ltd. owned 0.14% of Cross Country Healthcare worth $1,184,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the stock. Northern Trust Corp lifted its holdings in Cross Country Healthcare by 3.3% during the fourth quarter. Northern Trust Corp now owns 402,575 shares of the business services provider’s stock worth $11,176,000 after buying an additional 12,905 shares during the period. Divisadero Street Capital Management LP purchased a new stake in shares of Cross Country Healthcare during the 4th quarter valued at $10,629,000. Congress Asset Management Co. MA lifted its holdings in shares of Cross Country Healthcare by 8.0% during the 1st quarter. Congress Asset Management Co. MA now owns 340,754 shares of the business services provider’s stock valued at $7,384,000 after purchasing an additional 25,202 shares during the last quarter. ClariVest Asset Management LLC lifted its holdings in shares of Cross Country Healthcare by 422.6% during the 1st quarter. ClariVest Asset Management LLC now owns 208,034 shares of the business services provider’s stock valued at $4,510,000 after purchasing an additional 168,223 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Cross Country Healthcare by 30.2% during the 4th quarter. Renaissance Technologies LLC now owns 167,518 shares of the business services provider’s stock valued at $4,650,000 after purchasing an additional 38,900 shares during the last quarter. Hedge funds and other institutional investors own 89.46% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. Benchmark cut their target price on Cross Country Healthcare from $42.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, June 13th. Credit Suisse Group cut their target price on Cross Country Healthcare from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, June 9th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Cross Country Healthcare has an average rating of “Moderate Buy” and a consensus price target of $31.40.
Cross Country Healthcare Price Performance
Shares of CCRN opened at $24.44 on Friday. The business’s 50-day moving average is $22.96 and its two-hundred day moving average is $21.00. The company has a market capitalization of $934.37 million, a P/E ratio of 4.27, a P/E/G ratio of 0.45 and a beta of 1.03. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.67 and a current ratio of 2.67. Cross Country Healthcare, Inc. has a fifty-two week low of $15.26 and a fifty-two week high of $30.51.
About Cross Country Healthcare
Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company operates in two segments, Nurse and Allied Staffing and Physician Staffing. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, local nurses, and allied staffing; staffing solutions for registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and clinical and non-clinical professionals on long-term contract assignments, as well as workforce solutions, including MSP, RPO, and consulting services.
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