Wells Fargo & Company MN Grows Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Wells Fargo & Company MN raised its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 20.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,657 shares of the business services provider’s stock after purchasing an additional 3,371 shares during the quarter. Wells Fargo & Company MN owned 0.06% of Cross Country Healthcare worth $357,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Plato Investment Management Ltd bought a new position in shares of Cross Country Healthcare during the fourth quarter valued at approximately $46,000. Mint Tower Capital Management B.V. purchased a new position in Cross Country Healthcare during the 4th quarter valued at $182,000. Virtu Financial LLC bought a new position in Cross Country Healthcare in the 3rd quarter valued at $153,000. Ieq Capital LLC purchased a new stake in Cross Country Healthcare in the fourth quarter worth $231,000. Finally, 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. 96.03% of the stock is owned by hedge funds and other institutional investors.

Cross Country Healthcare Price Performance

NASDAQ:CCRN opened at $13.51 on Tuesday. The firm has a market cap of $442.94 million, a PE ratio of -270.15, a price-to-earnings-growth ratio of 3.32 and a beta of 0.38. The company has a 50-day moving average of $14.87 and a 200 day moving average of $15.39. Cross Country Healthcare, Inc. has a 1-year low of $9.58 and a 1-year high of $18.50.

Analysts Set New Price Targets

CCRN has been the topic of several recent analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Barrington Research reaffirmed a “market perform” rating and set a $18.61 target price on shares of Cross Country Healthcare in a research report on Friday, March 14th. Finally, StockNews.com started coverage on Cross Country Healthcare in a report on Tuesday, April 29th. They issued a “hold” rating for the company. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Cross Country Healthcare presently has an average rating of “Hold” and a consensus target price of $18.41.

About Cross Country Healthcare

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.