Principal Financial Group Inc. Has $563,000 Stock Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Principal Financial Group Inc. lowered its position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 82.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,994 shares of the business services provider’s stock after selling 144,807 shares during the quarter. Principal Financial Group Inc. owned 0.09% of Cross Country Healthcare worth $563,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CCRN. Truvestments Capital LLC purchased a new position in Cross Country Healthcare during the 3rd quarter worth approximately $39,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Cross Country Healthcare in the third quarter valued at $49,000. Point72 DIFC Ltd acquired a new stake in shares of Cross Country Healthcare in the third quarter worth $52,000. Gladius Capital Management LP grew its holdings in shares of 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 buying an additional 1,812 shares in the last quarter. 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 buying an additional 4,691 shares during the period. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Price Performance

Shares of Cross Country Healthcare stock opened at $15.80 on Friday. The firm has a market cap of $518.49 million, a price-to-earnings ratio of -315.94, a P/E/G ratio of 3.32 and a beta of 0.44. The stock has a 50-day simple moving average of $17.96 and a 200-day simple moving average of $15.12. Cross Country Healthcare, Inc. has a 52-week low of $9.58 and a 52-week high of $19.25.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CCRN shares. Truist Financial raised their price objective on Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a research report on Thursday, December 5th. JMP Securities restated 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 research note on Wednesday, December 4th. StockNews.com started coverage on shares of Cross Country Healthcare in a research report on Tuesday. They issued a “hold” rating for the company. Finally, Benchmark cut shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Cross Country Healthcare currently has an average 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.