State of Wyoming purchased a new stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN – Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 52,339 shares of the business services provider’s stock, valued at approximately $492,000.
Other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its position in Cross Country Healthcare by 50.0% during the second quarter. BNP Paribas Financial Markets now owns 3,424 shares of the business services provider’s stock worth $45,000 after acquiring an additional 1,142 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Cross Country Healthcare in the fourth quarter valued at approximately $46,000. Tower Research Capital LLC TRC grew its position in shares of Cross Country Healthcare by 422.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,586 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 2,899 shares during the last quarter. Graham Capital Management L.P. bought a new position in shares of Cross Country Healthcare during the fourth quarter worth approximately $83,000. Finally, AXQ Capital LP bought a new position in shares of Cross Country Healthcare during the fourth quarter worth approximately $109,000. 96.03% of the stock is owned by institutional investors.
Cross Country Healthcare Stock Performance
NASDAQ:CCRN opened at $13.25 on Friday. Cross Country Healthcare, Inc. has a fifty-two week low of $7.43 and a fifty-two week high of $14.99. The company has a market cap of $428.05 million, a price-to-earnings ratio of -4.34, a PEG ratio of 14.32 and a beta of 0.45. The stock has a fifty day moving average price of $13.17 and a 200-day moving average price of $10.79.
Analyst Ratings Changes
Several analysts recently issued reports on CCRN shares. Wedbush downgraded Cross Country Healthcare from an “outperform” rating to a “hold” rating and reduced their price target for the company from $15.00 to $13.25 in a research note on Thursday, May 7th. Barrington Research reiterated a “market perform” rating and set a $13.25 price objective on shares of Cross Country Healthcare in a research report on Monday, June 8th. Truist Financial increased their price objective on Cross Country Healthcare from $10.00 to $13.25 and gave the stock a “hold” rating in a research report on Monday, May 11th. Benchmark downgraded shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a research note on Friday, May 8th. Finally, Citizens Jmp downgraded shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 7th. Nine analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $12.05.
Read Our Latest Stock Report on CCRN
Cross Country Healthcare Profile
Cross Country Healthcare, Inc, headquartered in Boca Raton, Florida, is a leading provider of healthcare workforce solutions in the United States. The company specializes in the recruitment, placement and management of nursing and allied health professionals on both a travel and permanent basis. Through its integrated platform, Cross Country Healthcare serves hospitals, health systems, and long-term care facilities by matching qualified clinical talent with patient care needs across diverse care settings.
The company’s core service offerings include travel nurse and allied health staffing, per diem staffing, permanent placement services, and managed services programs.
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