Cross Country Healthcare, Inc. (NASDAQ:CCRN) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 25.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,569 shares of the business services provider’s stock after selling 18,168 shares during the quarter. Rhumbline Advisers owned about 0.16% of Cross Country Healthcare worth $973,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. ABC Arbitrage SA acquired a new stake in Cross Country Healthcare in the fourth quarter worth about $3,038,000. Zweig DiMenna Associates LLC bought a new stake in shares of Cross Country Healthcare during the 4th quarter worth about $6,841,000. Virtu Financial LLC acquired a new stake in shares of Cross Country Healthcare in the 3rd quarter worth approximately $153,000. Barclays PLC boosted its holdings in shares of Cross Country Healthcare by 117.5% in the third quarter. Barclays PLC now owns 80,277 shares of the business services provider’s stock valued at $1,078,000 after acquiring an additional 43,372 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Cross Country Healthcare by 5,077.6% during the third quarter. Public Employees Retirement System of Ohio now owns 58,144 shares of the business services provider’s stock valued at $781,000 after acquiring an additional 57,021 shares during the period. 96.03% of the stock is owned by institutional investors and hedge funds.

Cross Country Healthcare Trading Down 6.3 %

Shares of Cross Country Healthcare stock opened at $15.80 on Friday. Cross Country Healthcare, Inc. has a 1-year low of $9.58 and a 1-year high of $19.25. The firm has a fifty day simple moving average of $17.96 and a 200-day simple moving average of $15.12. The stock has a market capitalization of $518.49 million, a price-to-earnings ratio of -315.94, a PEG ratio of 3.32 and a beta of 0.44.

Analysts Set New Price Targets

A number of brokerages have weighed in on CCRN. Truist Financial upped their price target on shares of 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 reissued a “market perform” rating on shares of Cross Country Healthcare in a research note on Tuesday, December 10th. JMP Securities restated a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Benchmark cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, William Blair lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.54.

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.