Charles Schwab Investment Management Inc. Reduces Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Charles Schwab Investment Management Inc. reduced its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 19.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 314,877 shares of the business services provider’s stock after selling 74,288 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Cross Country Healthcare were worth $5,718,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Plato Investment Management Ltd purchased a new stake in shares of Cross Country Healthcare in the fourth quarter worth approximately $46,000. Truvestments Capital LLC purchased a new position in Cross Country Healthcare during the 3rd quarter valued at $39,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Cross Country Healthcare in the 3rd quarter valued at $49,000. Point72 DIFC Ltd purchased a new stake in Cross Country Healthcare in the third quarter worth $52,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Cross Country Healthcare by 14.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,169 shares of the business services provider’s stock worth $137,000 after purchasing an additional 1,250 shares during the last quarter. Institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Stock Performance

Shares of CCRN opened at $15.00 on Tuesday. The company has a 50 day moving average price of $17.29 and a 200-day moving average price of $15.19. Cross Country Healthcare, Inc. has a fifty-two week low of $9.58 and a fifty-two week high of $19.14. The stock has a market capitalization of $492.20 million, a PE ratio of -299.94, a PEG ratio of 3.32 and a beta of 0.44.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CCRN. Barrington Research reaffirmed a “market perform” rating and issued a $18.61 price target on shares of Cross Country Healthcare in a research note on Friday, March 14th. StockNews.com started coverage on shares of Cross Country Healthcare in a research report on Thursday, March 20th. They set a “hold” rating on the stock. JMP Securities reiterated a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Benchmark downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, William Blair lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $18.41.

About Cross Country Healthcare

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.