Charles Schwab Investment Management Inc. Cuts Stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Charles Schwab Investment Management Inc. lessened its holdings in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 19.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 314,877 shares of the business services provider’s stock after selling 74,288 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.96% of Cross Country Healthcare worth $5,718,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Truvestments Capital LLC bought a new stake in shares of Cross Country Healthcare during the third quarter valued at approximately $39,000. Plato Investment Management Ltd purchased a new position in Cross Country Healthcare during the fourth quarter valued at $46,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Cross Country Healthcare during the third quarter valued at $49,000. Point72 DIFC Ltd bought a new stake in Cross Country Healthcare in the 3rd quarter valued at $52,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Cross Country Healthcare by 14.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,169 shares of the business services provider’s stock worth $137,000 after purchasing an additional 1,250 shares in the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Benchmark downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. William Blair downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Barrington Research reiterated a “market perform” rating and set a $18.61 target price on shares of Cross Country Healthcare in a research report on Friday, March 14th. StockNews.com assumed coverage on shares of Cross Country Healthcare in a report on Thursday, March 20th. They issued a “hold” rating for the company. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average price target of $18.41.

Cross Country Healthcare Price Performance

NASDAQ:CCRN opened at $15.00 on Tuesday. The firm has a market capitalization of $492.20 million, a price-to-earnings ratio of -299.94, a PEG ratio of 3.32 and a beta of 0.44. The business has a 50 day simple moving average of $17.29 and a 200-day simple moving average of $15.19. Cross Country Healthcare, Inc. has a 1 year low of $9.58 and a 1 year high of $19.14.

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.