Norges Bank Invests $2.03 Million in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Norges Bank bought a new stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 111,600 shares of the business services provider’s stock, valued at approximately $2,027,000. Norges Bank owned approximately 0.34% of Cross Country Healthcare at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CCRN. Plato Investment Management Ltd acquired a new position in shares of Cross Country Healthcare in the fourth quarter worth about $46,000. Virtu Financial LLC bought a new stake in shares of Cross Country Healthcare in the 3rd quarter worth about $153,000. Mint Tower Capital Management B.V. acquired a new stake in shares of Cross Country Healthcare in the 4th quarter valued at about $182,000. Ieq Capital LLC bought a new position in shares of Cross Country Healthcare during the fourth quarter worth about $231,000. Finally, XTX Topco Ltd acquired a new stake in Cross Country Healthcare during the third quarter valued at approximately $312,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CCRN shares. StockNews.com started coverage on shares of Cross Country Healthcare in a research note on Saturday, April 5th. They set a “hold” rating for the company. Barrington Research restated a “market perform” rating and set a $18.61 price objective on shares of Cross Country Healthcare in a research report on Friday, March 14th. Finally, JMP Securities reiterated a “market perform” rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Cross Country Healthcare has an average rating of “Hold” and an average target price of $18.41.

Cross Country Healthcare Price Performance

CCRN stock opened at $14.33 on Friday. The firm has a market capitalization of $470.21 million, a P/E ratio of -286.54, a P/E/G ratio of 3.32 and a beta of 0.25. Cross Country Healthcare, Inc. has a 52-week low of $9.58 and a 52-week high of $18.50. The company’s 50 day simple moving average is $16.17 and its 200-day simple moving average is $15.24.

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.