Principal Financial Group Inc. Sells 144,807 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Principal Financial Group Inc. decreased its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 82.4% during the fourth quarter, HoldingsChannel reports. The firm owned 30,994 shares of the business services provider’s stock after selling 144,807 shares during the quarter. Principal Financial Group Inc.’s holdings in Cross Country Healthcare were worth $563,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Jacobs Levy Equity Management Inc. bought a new stake in Cross Country Healthcare during the third quarter valued at about $7,350,000. Royce & Associates LP increased its stake in shares of 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. Zweig DiMenna Associates LLC acquired a new position in shares of Cross Country Healthcare during the 4th quarter worth about $6,841,000. ABC Arbitrage SA bought a new stake in Cross Country Healthcare during the 4th quarter valued at approximately $3,038,000. Finally, Jane Street Group LLC grew its holdings in Cross Country Healthcare by 337.6% in 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. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CCRN shares. Truist Financial upped their price target on Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a report on Thursday, December 5th. Benchmark lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. StockNews.com began coverage on shares of Cross Country Healthcare in a research note on Tuesday. They issued a “hold” rating for the company. Barrington Research reiterated a “market perform” rating on shares of Cross Country Healthcare in a research note on Tuesday, December 10th. Finally, JMP Securities restated a “market perform” rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $18.54.

Cross Country Healthcare Stock Down 6.3 %

Shares of Cross Country Healthcare stock opened at $15.80 on Friday. Cross Country Healthcare, Inc. has a 12-month low of $9.58 and a 12-month high of $19.25. The stock has a market capitalization of $518.49 million, a P/E ratio of -315.94, a price-to-earnings-growth ratio of 3.32 and a beta of 0.44. The company has a 50-day simple moving average of $17.96 and a 200 day simple moving average of $15.12.

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.