GABELLI & Co INVESTMENT ADVISERS INC. lowered its holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN – Free Report) by 37.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,700 shares of the business services provider’s stock after selling 89,150 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Cross Country Healthcare were worth $1,196,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in CCRN. BNP Paribas Financial Markets grew its position in Cross Country Healthcare by 50.0% in the second quarter. BNP Paribas Financial Markets now owns 3,424 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 1,142 shares in the last quarter. Tower Research Capital LLC TRC grew its position in 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 in the last quarter. Vazirani Asset Management LLC bought a new position in Cross Country Healthcare in the third quarter valued at $142,000. Brooklyn Investment Group grew its position in Cross Country Healthcare by 228.9% in the third quarter. Brooklyn Investment Group now owns 10,583 shares of the business services provider’s stock valued at $150,000 after purchasing an additional 7,365 shares in the last quarter. Finally, Gamco Investors INC. ET AL bought a new position in Cross Country Healthcare in the third quarter valued at $160,000. Institutional investors own 96.03% of the company’s stock.
Cross Country Healthcare Price Performance
Cross Country Healthcare stock opened at $13.13 on Monday. Cross Country Healthcare, Inc. has a fifty-two week low of $7.43 and a fifty-two week high of $14.99. The company’s 50-day moving average is $10.20 and its 200-day moving average is $9.67. The firm has a market capitalization of $424.49 million, a PE ratio of -4.30, a P/E/G ratio of 13.47 and a beta of 0.35.
Analyst Ratings Changes
A number of research analysts recently weighed in on CCRN shares. Zacks Research raised shares of Cross Country Healthcare from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Wedbush downgraded shares of Cross Country Healthcare from an “outperform” rating to a “hold” rating and decreased their target price for the company from $15.00 to $13.25 in a research report on Thursday, May 7th. Truist Financial raised their target price on shares of Cross Country Healthcare from $10.00 to $13.25 and gave the company a “hold” rating in a research report on Monday, May 11th. Citigroup downgraded shares of Cross Country Healthcare from a “market outperform” rating to a “market perform” rating in a research report on Thursday, May 7th. Finally, Cross Research set a $14.00 price objective on shares of Cross Country Healthcare in a research report on Thursday, March 5th. Nine equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $12.72.
Get Our Latest Stock Report on CCRN
About Cross Country Healthcare
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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