Victory Capital Management Inc. Reduces Stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Victory Capital Management Inc. lowered its holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 1.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 134,232 shares of the business services provider’s stock after selling 1,843 shares during the quarter. Victory Capital Management Inc.’s holdings in Cross Country Healthcare were worth $1,804,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the stock. US Bancorp DE boosted its stake in Cross Country Healthcare by 10,909.3% during the third quarter. US Bancorp DE now owns 4,734 shares of the business services provider’s stock valued at $64,000 after buying an additional 4,691 shares during the period. Congress Asset Management Co. increased its holdings in shares of Cross Country Healthcare by 8.0% in the third quarter. Congress Asset Management Co. now owns 358,917 shares of the business services provider’s stock worth $4,824,000 after buying an additional 26,470 shares during the period. Pinnacle Associates Ltd. lifted its position in Cross Country Healthcare by 14.9% in the third quarter. Pinnacle Associates Ltd. now owns 342,315 shares of the business services provider’s stock valued at $4,601,000 after purchasing an additional 44,496 shares during the last quarter. Inspire Advisors LLC purchased a new position in shares of Cross Country Healthcare in the third quarter worth $304,000. Finally, Wedge Capital Management L L P NC boosted its holdings in shares of Cross Country Healthcare by 10.4% during the third quarter. Wedge Capital Management L L P NC now owns 94,179 shares of the business services provider’s stock worth $1,266,000 after purchasing an additional 8,848 shares during the period. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CCRN has been the subject of several research reports. Benchmark decreased 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 report on Thursday, November 7th. Barrington Research lowered their target price on shares of Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, Truist Financial cut their price target on Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating on the stock in a research note on Monday, October 21st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Cross Country Healthcare has an average rating of “Hold” and a consensus price target of $18.50.

Cross Country Healthcare Stock Performance

Shares of Cross Country Healthcare stock opened at $10.34 on Monday. The company has a 50-day simple moving average of $12.17 and a two-hundred day simple moving average of $13.85. The stock has a market capitalization of $340.39 million, a PE ratio of -206.76, a price-to-earnings-growth ratio of 1.98 and a beta of 0.65. Cross Country Healthcare, Inc. has a 52-week low of $9.58 and a 52-week high of $23.64.

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.