Cross Country Healthcare, Inc. (NASDAQ:CCRN) Shares Sold by Globeflex Capital L P

Globeflex Capital L P reduced its stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 22.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,686 shares of the business services provider’s stock after selling 24,447 shares during the period. Globeflex Capital L P owned approximately 0.25% of Cross Country Healthcare worth $1,502,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CCRN. Skandinaviska Enskilda Banken AB publ purchased a new position in Cross Country Healthcare in the 4th quarter valued at about $1,084,000. Inspire Advisors LLC lifted its position in shares of Cross Country Healthcare by 53.8% during the fourth quarter. Inspire Advisors LLC now owns 34,752 shares of the business services provider’s stock worth $631,000 after purchasing an additional 12,159 shares during the last quarter. Alpine Associates Management Inc. bought a new position in shares of Cross Country Healthcare during the fourth quarter worth about $10,552,000. Amundi lifted its position in shares of Cross Country Healthcare by 385.4% during the fourth quarter. Amundi now owns 26,494 shares of the business services provider’s stock worth $483,000 after purchasing an additional 21,036 shares during the last quarter. Finally, Dana Investment Advisors Inc. lifted its position in shares of Cross Country Healthcare by 36.6% during the fourth quarter. Dana Investment Advisors Inc. now owns 552,875 shares of the business services provider’s stock worth $10,040,000 after purchasing an additional 148,160 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. William Blair lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. JMP Securities restated a “market perform” rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. StockNews.com started coverage on shares of Cross Country Healthcare in a research note on Wednesday. They issued a “hold” rating on the stock. Benchmark lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, Barrington Research restated a “market perform” rating and issued a $18.61 price target on shares of Cross Country Healthcare in a research note on Friday. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $18.41.

Cross Country Healthcare Stock Performance

Shares of NASDAQ:CCRN opened at $15.58 on Friday. The stock has a market capitalization of $511.23 million, a price-to-earnings ratio of -311.54, a PEG ratio of 3.32 and a beta of 0.44. Cross Country Healthcare, Inc. has a 1-year low of $9.58 and a 1-year high of $19.25. The company has a 50 day moving average price of $17.68 and a 200 day moving average price of $15.18.

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.