Cross Country Healthcare, Inc. (NASDAQ:CCRN) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC trimmed its stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 4.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 752,256 shares of the business services provider’s stock after selling 35,752 shares during the quarter. Geode Capital Management LLC’s holdings in Cross Country Healthcare were worth $10,113,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. raised its holdings in Cross Country Healthcare by 3.8% during the 2nd quarter. Pacer Advisors Inc. now owns 4,550,848 shares of the business services provider’s stock worth $62,984,000 after buying an additional 165,032 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Cross Country Healthcare by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,360,016 shares of the business services provider’s stock worth $32,662,000 after acquiring an additional 24,363 shares in the last quarter. Systematic Financial Management LP raised its holdings in shares of Cross Country Healthcare by 8.5% during the third quarter. Systematic Financial Management LP now owns 1,662,730 shares of the business services provider’s stock valued at $22,347,000 after acquiring an additional 130,746 shares during the period. State Street Corp lifted its position in shares of Cross Country Healthcare by 0.5% in the 3rd quarter. State Street Corp now owns 1,334,353 shares of the business services provider’s stock valued at $17,934,000 after acquiring an additional 6,582 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in Cross Country Healthcare by 51.4% in the 3rd quarter. Royce & Associates LP now owns 1,132,566 shares of the business services provider’s stock worth $15,222,000 after purchasing an additional 384,374 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CCRN. StockNews.com initiated coverage on shares of Cross Country Healthcare in a research note on Monday. They set a “hold” rating on the stock. Truist Financial increased their price objective on Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a research note on Thursday, December 5th. William Blair lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Barrington Research reiterated a “market perform” rating on shares of Cross Country Healthcare in a report on Tuesday, December 10th. Finally, Benchmark cut shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $18.54.

Cross Country Healthcare Price Performance

Shares of CCRN stock opened at $18.16 on Thursday. Cross Country Healthcare, Inc. has a fifty-two week low of $9.58 and a fifty-two week high of $23.64. The stock’s 50-day moving average is $13.94 and its two-hundred day moving average is $14.14. The firm has a market cap of $597.77 million, a P/E ratio of -363.13, a PEG ratio of 3.39 and a beta of 0.61.

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.