Principal Financial Group Inc. Trims Stock Holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Principal Financial Group Inc. lowered its stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 3.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 175,801 shares of the business services provider’s stock after selling 5,900 shares during the quarter. Principal Financial Group Inc. owned about 0.53% of Cross Country Healthcare worth $2,363,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in Cross Country Healthcare in the 3rd quarter valued at $39,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Cross Country Healthcare in the 3rd quarter valued at about $49,000. Point72 DIFC Ltd purchased a new position in Cross Country Healthcare in the third quarter worth about $52,000. Gladius Capital Management LP raised its position in Cross Country Healthcare by 83.4% during the third quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 1,812 shares during the period. Finally, US Bancorp DE raised its position in Cross Country Healthcare by 10,909.3% during the third quarter. US Bancorp DE now owns 4,734 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 4,691 shares during the period. 96.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CCRN. William Blair cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Truist Financial boosted their price target on Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a report on Thursday, December 5th. Barrington Research reiterated a “market perform” rating on shares of Cross Country Healthcare in a report on Tuesday, December 10th. StockNews.com began coverage on shares of Cross Country Healthcare in a report on Monday, December 30th. They set a “hold” rating on the stock. Finally, Benchmark lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $18.54.

Cross Country Healthcare Stock Up 0.2 %

NASDAQ:CCRN opened at $18.21 on Friday. The stock has a market capitalization of $599.42 million, a price-to-earnings ratio of -364.13, a PEG ratio of 3.39 and a beta of 0.46. The firm has a 50 day moving average of $14.20 and a 200 day moving average of $14.19. Cross Country Healthcare, Inc. has a 52 week low of $9.58 and a 52 week high of $23.64.

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.