Plato Investment Management Ltd Acquires New Shares in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Plato Investment Management Ltd acquired a new stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,503 shares of the business services provider’s stock, valued at approximately $46,000.

Other institutional investors have also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in Cross Country Healthcare during the third quarter valued at $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Cross Country Healthcare in the third quarter worth about $49,000. Point72 DIFC Ltd acquired a new stake in shares of Cross Country Healthcare in the third quarter worth about $52,000. Gladius Capital Management LP lifted its position in shares of Cross Country Healthcare by 83.4% in the third quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider’s stock worth $54,000 after buying an additional 1,812 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of Cross Country Healthcare by 10,909.3% in the third quarter. US Bancorp DE now owns 4,734 shares of the business services provider’s stock worth $64,000 after buying an additional 4,691 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Cross Country Healthcare Stock Performance

NASDAQ CCRN opened at $16.86 on Thursday. Cross Country Healthcare, Inc. has a twelve month low of $9.58 and a twelve month high of $19.25. The stock has a market capitalization of $553.28 million, a PE ratio of -337.13, a P/E/G ratio of 3.32 and a beta of 0.44. The stock has a 50-day simple moving average of $18.00 and a 200 day simple moving average of $15.12.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CCRN. Truist Financial boosted their price target 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. StockNews.com began coverage on Cross Country Healthcare in a research report on Tuesday. They issued a “hold” rating for the company. Benchmark cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. JMP Securities reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Finally, Barrington Research reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a research report on Tuesday, December 10th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $18.54.

Cross Country Healthcare 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.