Cibc World Market Inc. Makes New $258,000 Investment in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Cibc World Market Inc. bought a new position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRNGet Rating) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,370 shares of the business services provider’s stock, valued at approximately $258,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of Cross Country Healthcare by 6.3% during the 1st quarter. BlackRock Inc. now owns 5,948,885 shares of the business services provider’s stock worth $128,911,000 after acquiring an additional 350,272 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Cross Country Healthcare by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 2,634,463 shares of the business services provider’s stock worth $57,088,000 after acquiring an additional 52,163 shares in the last quarter. Systematic Financial Management LP boosted its position in shares of Cross Country Healthcare by 3.8% during the 1st quarter. Systematic Financial Management LP now owns 2,118,199 shares of the business services provider’s stock worth $45,901,000 after acquiring an additional 78,121 shares in the last quarter. Royce & Associates LP boosted its position in shares of Cross Country Healthcare by 15.9% during the 2nd quarter. Royce & Associates LP now owns 1,185,685 shares of the business services provider’s stock worth $24,698,000 after acquiring an additional 162,724 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Cross Country Healthcare by 7.2% during the 1st quarter. State Street Corp now owns 1,181,174 shares of the business services provider’s stock worth $25,596,000 after acquiring an additional 79,372 shares in the last quarter. Institutional investors and hedge funds own 95.25% of the company’s stock.

Cross Country Healthcare Trading Down 2.2 %

CCRN opened at $35.21 on Thursday. Cross Country Healthcare, Inc. has a fifty-two week low of $15.26 and a fifty-two week high of $40.12. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.38 and a quick ratio of 2.38. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 5.84, a PEG ratio of 1.14 and a beta of 1.00. The company’s 50 day moving average price is $32.75 and its two-hundred day moving average price is $25.77.

Insiders Place Their Bets

In other news, General Counsel Susan E. Ball sold 14,901 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $30.00, for a total value of $447,030.00. Following the transaction, the general counsel now owns 155,896 shares in the company, valued at approximately $4,676,880. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, General Counsel Susan E. Ball sold 14,901 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $30.00, for a total value of $447,030.00. Following the transaction, the general counsel now owns 155,896 shares in the company, valued at approximately $4,676,880. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Susan E. Ball sold 44,357 shares of the business’s stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $28.99, for a total transaction of $1,285,909.43. Following the completion of the transaction, the general counsel now owns 170,797 shares in the company, valued at approximately $4,951,405.03. The disclosure for this sale can be found here. Insiders have sold 114,256 shares of company stock valued at $3,404,694 in the last ninety days. 5.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Cross Country Healthcare in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Truist Financial downgraded Cross Country Healthcare from a “buy” rating to a “hold” rating and set a $36.00 target price for the company. in a research report on Wednesday, October 5th. They noted that the move was a valuation call. Barrington Research boosted their price target on Cross Country Healthcare from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, November 7th. Finally, Benchmark raised their price objective on shares of Cross Country Healthcare from $37.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, September 15th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Cross Country Healthcare presently has an average rating of “Moderate Buy” and a consensus price target of $35.20.

Cross Country Healthcare Profile

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Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company operates in two segments, Nurse and Allied Staffing and Physician Staffing. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, local nurses, and allied staffing; staffing solutions for registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and clinical and non-clinical professionals on long-term contract assignments, as well as workforce solutions, including MSP, RPO, and consulting services.

See Also

Institutional Ownership by Quarter for Cross Country Healthcare (NASDAQ:CCRN)

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