Ieq Capital LLC Takes Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Ieq Capital LLC purchased a new position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 12,698 shares of the business services provider’s stock, valued at approximately $231,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CCRN. Truvestments Capital LLC acquired a new stake in shares of Cross Country Healthcare in the third quarter worth $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Cross Country Healthcare during the 3rd quarter worth about $49,000. Point72 DIFC Ltd acquired a new stake in Cross Country Healthcare during the 3rd quarter worth about $52,000. Gladius Capital Management LP grew its position in Cross Country Healthcare by 83.4% during the 3rd quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider’s stock worth $54,000 after purchasing an additional 1,812 shares during the period. Finally, US Bancorp DE grew its position in Cross Country Healthcare by 10,909.3% during the 3rd quarter. US Bancorp DE now owns 4,734 shares of the business services provider’s stock worth $64,000 after purchasing an additional 4,691 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. William Blair lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. StockNews.com initiated coverage on shares of Cross Country Healthcare in a research note on Monday, February 24th. They set a “hold” rating on the stock. Truist Financial raised their price objective on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a research note on Thursday, December 5th. JMP Securities restated a “market perform” rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Finally, Barrington Research restated a “market perform” rating on shares of Cross Country Healthcare in a research report on Tuesday, December 10th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $18.54.

Cross Country Healthcare Stock Performance

Cross Country Healthcare stock opened at $17.16 on Friday. The company’s fifty day moving average price is $18.08 and its 200 day moving average price is $15.04. Cross Country Healthcare, Inc. has a 1 year low of $9.58 and a 1 year high of $19.25. The stock has a market capitalization of $563.12 million, a P/E ratio of -343.13, a P/E/G ratio of 3.32 and a beta of 0.44.

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.