US Bancorp DE Buys 4,691 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

US Bancorp DE boosted its position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 10,909.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,734 shares of the business services provider’s stock after purchasing an additional 4,691 shares during the period. US Bancorp DE’s holdings in Cross Country Healthcare were worth $64,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Congress Asset Management Co. raised its holdings in Cross Country Healthcare by 8.0% during the third quarter. Congress Asset Management Co. now owns 358,917 shares of the business services provider’s stock worth $4,824,000 after acquiring an additional 26,470 shares in the last quarter. Pinnacle Associates Ltd. boosted 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 acquiring an additional 44,496 shares during the period. Inspire Advisors LLC acquired a new position in shares of Cross Country Healthcare during the 3rd quarter worth approximately $304,000. Wedge Capital Management L L P NC raised its stake in Cross Country Healthcare by 10.4% in the 3rd quarter. Wedge Capital Management L L P NC now owns 94,179 shares of the business services provider’s stock valued at $1,266,000 after acquiring an additional 8,848 shares during the period. Finally, GAMMA Investing LLC boosted its position in Cross Country Healthcare by 32.8% during the third quarter. GAMMA Investing LLC now owns 7,543 shares of the business services provider’s stock worth $101,000 after purchasing an additional 1,865 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Cross Country Healthcare Stock Down 2.0 %

Shares of Cross Country Healthcare stock opened at $9.81 on Monday. The stock has a market capitalization of $322.95 million, a price-to-earnings ratio of -196.16, a price-to-earnings-growth ratio of 1.87 and a beta of 0.65. Cross Country Healthcare, Inc. has a twelve month low of $9.58 and a twelve month high of $23.64. The company has a 50-day simple moving average of $12.52 and a two-hundred day simple moving average of $14.07.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CCRN shares. Barrington Research cut their target price on shares of 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. Truist Financial lowered their price target on shares of Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating on the stock in a report on Monday, October 21st. Finally, Benchmark reduced their price objective on Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $18.50.

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.