Intech Investment Management LLC Purchases New Holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Intech Investment Management LLC acquired a new position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 57,144 shares of the business services provider’s stock, valued at approximately $768,000. Intech Investment Management LLC owned 0.17% of Cross Country Healthcare at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCRN. Pacer Advisors Inc. raised its stake in Cross Country Healthcare by 3.8% in the second quarter. Pacer Advisors Inc. now owns 4,550,848 shares of the business services provider’s stock valued at $62,984,000 after purchasing an additional 165,032 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Cross Country Healthcare by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,360,016 shares of the business services provider’s stock valued at $32,662,000 after buying an additional 24,363 shares during the period. Royce & Associates LP raised its position in shares of Cross Country Healthcare by 51.4% in the 3rd quarter. Royce & Associates LP now owns 1,132,566 shares of the business services provider’s stock valued at $15,222,000 after buying an additional 384,374 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Cross Country Healthcare by 15.9% during the 2nd quarter. American Century Companies Inc. now owns 772,834 shares of the business services provider’s stock worth $10,696,000 after acquiring an additional 106,226 shares during the period. Finally, Dana Investment Advisors Inc. boosted its position in shares of Cross Country Healthcare by 34.7% during the 2nd quarter. Dana Investment Advisors Inc. now owns 404,370 shares of the business services provider’s stock worth $5,596,000 after acquiring an additional 104,136 shares in the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

Cross Country Healthcare Stock Performance

Shares of CCRN opened at $10.76 on Friday. Cross Country Healthcare, Inc. has a 52 week low of $9.58 and a 52 week high of $23.64. The stock has a market capitalization of $354.19 million, a price-to-earnings ratio of -215.20, a PEG ratio of 2.06 and a beta of 0.65. The stock has a fifty day moving average of $11.79 and a 200-day moving average of $13.69.

Analyst Ratings Changes

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

Cross Country Healthcare Company 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.