Truvestments Capital LLC Purchases Shares of 2,933 Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Truvestments Capital LLC acquired a new stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN) in the 3rd quarter, HoldingsChannel reports. The fund acquired 2,933 shares of the business services provider’s stock, valued at approximately $39,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CCRN. State Board of Administration of Florida Retirement System boosted its stake in shares of Cross Country Healthcare by 40.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 13,875 shares of the business services provider’s stock valued at $260,000 after purchasing an additional 4,020 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Cross Country Healthcare by 9.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,639 shares of the business services provider’s stock valued at $312,000 after purchasing an additional 1,450 shares during the period. Bayesian Capital Management LP purchased a new position in shares of Cross Country Healthcare in the first quarter valued at approximately $195,000. Comerica Bank boosted its stake in shares of Cross Country Healthcare by 117.4% in the first quarter. Comerica Bank now owns 33,857 shares of the business services provider’s stock valued at $634,000 after purchasing an additional 18,281 shares during the period. Finally, EMC Capital Management purchased a new position in shares of Cross Country Healthcare in the first quarter valued at approximately $155,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Truist Financial lowered their price objective on shares of Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating for the company in a research note on Monday, October 21st. Benchmark decreased their price target on shares of Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, Barrington Research decreased their price target on shares of 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. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cross Country Healthcare presently has a consensus rating of “Hold” and an average target price of $18.50.

Cross Country Healthcare Trading Up 1.3 %

Shares of NASDAQ:CCRN opened at $10.80 on Thursday. The company has a market capitalization of $355.54 million, a PE ratio of -213.16, a P/E/G ratio of 2.07 and a beta of 0.65. Cross Country Healthcare, Inc. has a twelve month low of $9.58 and a twelve month high of $23.64. The firm has a 50 day simple moving average of $12.03 and a 200-day simple moving average of $13.76.

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.