Cross Country Healthcare, Inc. (NASDAQ:CCRN) Stake Reduced by Geode Capital Management LLC

Geode Capital Management LLC trimmed its stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 4.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 752,256 shares of the business services provider’s stock after selling 35,752 shares during the quarter. Geode Capital Management LLC owned approximately 2.29% of Cross Country Healthcare worth $10,113,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CCRN. Jacobs Levy Equity Management Inc. bought a new stake in Cross Country Healthcare in the 3rd quarter valued at about $7,350,000. Royce & Associates LP raised its holdings in shares of Cross Country Healthcare by 51.4% during the third 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 during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Cross Country Healthcare by 3.8% during 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 buying an additional 165,032 shares during the last quarter. Jane Street Group LLC grew its holdings in Cross Country Healthcare by 337.6% in the 3rd quarter. Jane Street Group LLC now owns 181,492 shares of the business services provider’s stock worth $2,439,000 after buying an additional 140,013 shares in the last quarter. Finally, Systematic Financial Management LP increased its position in Cross Country Healthcare by 8.5% in the 3rd quarter. Systematic Financial Management LP now owns 1,662,730 shares of the business services provider’s stock valued at $22,347,000 after acquiring an additional 130,746 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Cross Country Healthcare Stock Up 0.6 %

NASDAQ:CCRN opened at $18.16 on Thursday. Cross Country Healthcare, Inc. has a 52-week low of $9.58 and a 52-week high of $23.64. The firm has a market cap of $597.77 million, a P/E ratio of -363.13, a PEG ratio of 3.39 and a beta of 0.61. The business’s 50-day moving average price is $13.94 and its 200 day moving average price is $14.14.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CCRN. Barrington Research reiterated a “market perform” rating on shares of Cross Country Healthcare in a research report on Tuesday, December 10th. StockNews.com started coverage on shares of Cross Country Healthcare in a report on Monday. They issued a “hold” rating for the company. Truist Financial raised their target price on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a research note on Thursday, December 5th. Benchmark lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, William Blair lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.54.

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.