Martingale Asset Management L P Sells 25,734 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Martingale Asset Management L P lessened its stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 52.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,619 shares of the business services provider’s stock after selling 25,734 shares during the period. Martingale Asset Management L P owned 0.07% of Cross Country Healthcare worth $317,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in Cross Country Healthcare during the third quarter valued at approximately $39,000. nVerses Capital LLC bought a new position in shares of Cross Country Healthcare during the 2nd quarter valued at approximately $50,000. Gladius Capital Management LP grew its holdings in shares of Cross Country Healthcare by 83.4% in the third quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 1,812 shares in the last quarter. US Bancorp DE increased its position in Cross Country Healthcare by 10,909.3% in the third 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 last quarter. Finally, GAMMA Investing LLC raised its stake in Cross Country Healthcare by 622.4% during the second quarter. GAMMA Investing LLC now owns 5,678 shares of the business services provider’s stock valued at $79,000 after purchasing an additional 4,892 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Trading Down 3.1 %

CCRN stock opened at $11.16 on Wednesday. Cross Country Healthcare, Inc. has a 12 month low of $9.58 and a 12 month high of $23.64. The stock has a market cap of $367.39 million, a PE ratio of -223.16, a P/E/G ratio of 2.20 and a beta of 0.61. The company has a 50-day moving average price of $11.69 and a 200 day moving average price of $13.63.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Benchmark reduced their target price on shares of Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Truist Financial decreased their price objective on Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating on the stock in a research report on Monday, October 21st. Finally, Barrington Research lowered their price objective on Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Cross Country Healthcare has an average rating of “Moderate Buy” and an average target price of $17.33.

Cross Country Healthcare Company 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.