Martingale Asset Management L P Lowers Stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Martingale Asset Management L P cut its stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 52.1% during the third quarter, HoldingsChannel reports. The firm owned 23,619 shares of the business services provider’s stock after selling 25,734 shares during the period. Martingale Asset Management L P’s holdings in Cross Country Healthcare were worth $317,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CCRN. SummerHaven Investment Management LLC increased its position in shares of Cross Country Healthcare by 3.8% during the second quarter. SummerHaven Investment Management LLC now owns 28,376 shares of the business services provider’s stock worth $393,000 after acquiring an additional 1,032 shares during the period. Raymond James & Associates increased its holdings in Cross Country Healthcare by 0.7% during the 2nd quarter. Raymond James & Associates now owns 165,324 shares of the business services provider’s stock worth $2,288,000 after purchasing an additional 1,155 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Cross Country Healthcare by 14.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,169 shares of the business services provider’s stock valued at $137,000 after purchasing an additional 1,250 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Cross Country Healthcare by 9.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,639 shares of the business services provider’s stock worth $312,000 after buying an additional 1,450 shares during the period. Finally, Gladius Capital Management LP grew its position in shares of Cross Country Healthcare by 83.4% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Stock Performance

CCRN stock opened at $11.16 on Wednesday. Cross Country Healthcare, Inc. has a one year low of $9.58 and a one year high of $23.64. The firm has a market cap of $367.39 million, a price-to-earnings ratio of -223.16, a PEG ratio of 2.20 and a beta of 0.61. The firm has a 50-day simple moving average of $11.69 and a two-hundred day simple moving average of $13.63.

Wall Street Analyst Weigh In

CCRN has been the subject of a number of research reports. Benchmark lowered their price objective on shares of Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Barrington Research lowered their price target on shares of Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Truist Financial cut their price objective on shares of Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating on the stock in a report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.33.

Cross Country Healthcare Company 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.