AlphaQuest LLC Sells 24,118 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

AlphaQuest LLC decreased its position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 92.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,954 shares of the business services provider’s stock after selling 24,118 shares during the period. AlphaQuest LLC’s holdings in Cross Country Healthcare were worth $35,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jane Street Group LLC grew its holdings in Cross Country Healthcare by 337.6% during the 3rd quarter. Jane Street Group LLC now owns 181,492 shares of the business services provider’s stock valued at $2,439,000 after buying an additional 140,013 shares in the last quarter. PDT Partners LLC purchased a new stake in Cross Country Healthcare during the 3rd quarter valued at approximately $856,000. Barclays PLC grew its holdings in Cross Country Healthcare by 117.5% during the 3rd quarter. Barclays PLC now owns 80,277 shares of the business services provider’s stock valued at $1,078,000 after buying an additional 43,372 shares in the last quarter. Systematic Financial Management LP grew its holdings in Cross Country Healthcare by 8.5% during 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 buying an additional 130,746 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Cross Country Healthcare by 288.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 54,967 shares of the business services provider’s stock valued at $739,000 after buying an additional 40,799 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Stock Performance

CCRN stock opened at $14.94 on Friday. The firm has a fifty day moving average price of $17.36 and a 200 day moving average price of $15.18. Cross Country Healthcare, Inc. has a fifty-two week low of $9.58 and a fifty-two week high of $19.14. The firm has a market cap of $490.23 million, a PE ratio of -298.74, a price-to-earnings-growth ratio of 3.32 and a beta of 0.44.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CCRN shares. Barrington Research reaffirmed a “market perform” rating and set a $18.61 price objective on shares of Cross Country Healthcare in a report on Friday, March 14th. Truist Financial increased their price objective 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. JMP Securities reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. William Blair lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, Benchmark lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $18.41.

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.