Russell Investments Group Ltd. Sells 106,994 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Russell Investments Group Ltd. trimmed its stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 48.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 114,843 shares of the business services provider’s stock after selling 106,994 shares during the period. Russell Investments Group Ltd. owned approximately 0.35% of Cross Country Healthcare worth $2,086,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CCRN. Plato Investment Management Ltd acquired a new position in Cross Country Healthcare during the 4th quarter worth $46,000. Virtu Financial LLC bought a new stake in shares of Cross Country Healthcare during the third quarter worth $153,000. Mint Tower Capital Management B.V. acquired a new position in shares of Cross Country Healthcare during the fourth quarter valued at $182,000. Envestnet Asset Management Inc. bought a new position in Cross Country Healthcare in the fourth quarter valued at about $217,000. Finally, Ieq Capital LLC bought a new stake in Cross Country Healthcare during the 4th quarter worth about $231,000. 96.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CCRN shares. Barrington Research reiterated a “market perform” rating and set a $18.61 price target on shares of Cross Country Healthcare in a research report on Friday, March 14th. StockNews.com initiated coverage on shares of Cross Country Healthcare in a research report on Sunday, April 13th. They set a “hold” rating for the company. Finally, JMP Securities restated a “market perform” rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, 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 $14.26 on Friday. Cross Country Healthcare, Inc. has a 52-week low of $9.58 and a 52-week high of $18.50. The stock has a market cap of $467.91 million, a P/E ratio of -285.14, a P/E/G ratio of 3.32 and a beta of 0.25. The firm has a 50 day moving average price of $15.78 and a 200 day moving average price of $15.26.

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.