Wolverine Asset Management LLC Invests $1.11 Million in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Wolverine Asset Management LLC acquired a new position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 61,086 shares of the business services provider’s stock, valued at approximately $1,109,000.

A number of other large investors have also bought and sold shares of the stock. Systematic Financial Management LP grew its holdings in Cross Country Healthcare by 8.5% in the third quarter. Systematic Financial Management LP now owns 1,662,730 shares of the business services provider’s stock worth $22,347,000 after purchasing an additional 130,746 shares during the period. State Street Corp grew its holdings in Cross Country Healthcare by 0.5% in the third quarter. State Street Corp now owns 1,334,353 shares of the business services provider’s stock worth $17,934,000 after purchasing an additional 6,582 shares during the period. Royce & Associates LP grew its holdings in Cross Country Healthcare by 51.4% in the third quarter. Royce & Associates LP now owns 1,132,566 shares of the business services provider’s stock worth $15,222,000 after purchasing an additional 384,374 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in Cross Country Healthcare in the third quarter worth $7,350,000. Finally, Zweig DiMenna Associates LLC acquired a new stake in Cross Country Healthcare in the fourth quarter worth $6,841,000. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Cross Country Healthcare Trading Up 0.3 %

Cross Country Healthcare stock opened at $18.10 on Friday. Cross Country Healthcare, Inc. has a 1-year low of $9.58 and a 1-year high of $19.25. The firm has a market capitalization of $593.97 million, a price-to-earnings ratio of -361.93, a price-to-earnings-growth ratio of 3.32 and a beta of 0.44. The firm’s fifty day moving average price is $18.13 and its two-hundred day moving average price is $14.99.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Benchmark cut shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. JMP Securities restated a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. StockNews.com initiated coverage on shares of Cross Country Healthcare in a research note on Sunday, February 16th. They issued 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 company a “hold” rating in a research note on Thursday, December 5th. Finally, William Blair lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Six analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $18.54.

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.