Cadence Capital Management LLC increased its stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 7.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 110,311 shares of the business services provider’s stock after acquiring an additional 7,924 shares during the quarter. Cadence Capital Management LLC owned about 0.30% of Cross Country Healthcare worth $1,408,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. FDx Advisors Inc. bought a new stake in Cross Country Healthcare in the 3rd quarter valued at $146,000. Strs Ohio increased its holdings in Cross Country Healthcare by 69.5% in the 3rd quarter. Strs Ohio now owns 16,100 shares of the business services provider’s stock valued at $229,000 after buying an additional 6,600 shares during the period. Stevens Capital Management LP bought a new stake in Cross Country Healthcare in the 3rd quarter valued at $249,000. Voya Investment Management LLC grew its holdings in shares of Cross Country Healthcare by 16.9% in the 2nd quarter. Voya Investment Management LLC now owns 18,329 shares of the business services provider’s stock worth $237,000 after purchasing an additional 2,646 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Cross Country Healthcare by 85.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 18,500 shares of the business services provider’s stock worth $263,000 after purchasing an additional 8,502 shares during the last quarter. 90.97% of the stock is currently owned by hedge funds and other institutional investors.
In other news, General Counsel Susan E. Ball sold 25,000 shares of Cross Country Healthcare stock in a transaction on Friday, December 8th. The stock was sold at an average price of $14.19, for a total transaction of $354,750.00. Following the completion of the sale, the general counsel now owns 126,921 shares of the company’s stock, valued at $1,801,008.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.90% of the company’s stock.
Shares of Cross Country Healthcare, Inc. (CCRN) traded up $0.51 during trading on Monday, reaching $13.62. The company’s stock had a trading volume of 160,600 shares, compared to its average volume of 171,694. Cross Country Healthcare, Inc. has a fifty-two week low of $11.07 and a fifty-two week high of $16.38. The firm has a market cap of $496.87, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 1.80 and a beta of 0.68. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.46.
A number of research firms have issued reports on CCRN. Zacks Investment Research upgraded shares of Cross Country Healthcare from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. BidaskClub upgraded shares of Cross Country Healthcare from a “hold” rating to a “buy” rating in a research report on Saturday, February 3rd. BMO Capital Markets lowered their price target on Cross Country Healthcare from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, November 6th. Credit Suisse Group started coverage on Cross Country Healthcare in a research note on Tuesday, November 7th. They issued a “neutral” rating and a $13.00 price target for the company. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $18.00 target price on shares of Cross Country Healthcare in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Cross Country Healthcare currently has an average rating of “Buy” and a consensus target price of $15.00.
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Cross Country Healthcare Company Profile
Cross Country Healthcare, Inc is engaged in providing healthcare recruiting, staffing, recruiting and workforce solutions. The Company operates in three segments: Nurse and Allied Staffing, Physician Staffing and Other Human Capital Management Services. The Nurse and Allied Staffing segment provides traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, and branch-based local nurses and allied staffing.
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