Skandinaviska Enskilda Banken AB publ Takes $1.08 Million Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Skandinaviska Enskilda Banken AB publ purchased a new position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 60,000 shares of the business services provider’s stock, valued at approximately $1,084,000. Skandinaviska Enskilda Banken AB publ owned 0.18% of Cross Country Healthcare as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its stake in Cross Country Healthcare by 337.6% during the 3rd quarter. Jane Street Group LLC now owns 181,492 shares of the business services provider’s stock valued at $2,439,000 after buying an additional 140,013 shares during the last quarter. PDT Partners LLC bought a new stake in shares of Cross Country Healthcare in the third quarter worth $856,000. Barclays PLC increased its position in Cross Country Healthcare by 117.5% during the third quarter. Barclays PLC now owns 80,277 shares of the business services provider’s stock valued at $1,078,000 after acquiring an additional 43,372 shares during the last quarter. Systematic Financial Management LP lifted 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 valued at $22,347,000 after acquiring an additional 130,746 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Cross Country Healthcare by 288.0% in the third quarter. BNP Paribas Financial Markets now owns 54,967 shares of the business services provider’s stock worth $739,000 after purchasing an additional 40,799 shares during the last quarter. Institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Trading Down 1.7 %

Shares of Cross Country Healthcare stock opened at $15.32 on Tuesday. The firm has a market cap of $502.70 million, a PE ratio of -306.34, a PEG ratio of 3.32 and a beta of 0.44. The stock has a 50 day moving average of $17.62 and a 200 day moving average of $15.18. Cross Country Healthcare, Inc. has a 12 month low of $9.58 and a 12 month high of $19.25.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CCRN. William Blair cut shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Benchmark cut shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Barrington Research restated a “market perform” rating and issued a $18.61 price objective on shares of Cross Country Healthcare in a research note on Friday. JMP Securities reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Finally, Truist Financial boosted their price target on Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a report on Thursday, December 5th. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $18.41.

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.