Verition Fund Management LLC Acquires New Stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Verition Fund Management LLC acquired a new position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 23,519 shares of the business services provider’s stock, valued at approximately $316,000. Verition Fund Management LLC owned about 0.07% of Cross Country Healthcare as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SummerHaven Investment Management LLC lifted its holdings in shares of Cross Country Healthcare by 3.8% during the second quarter. SummerHaven Investment Management LLC now owns 28,376 shares of the business services provider’s stock valued at $393,000 after purchasing an additional 1,032 shares in the last quarter. Raymond James & Associates lifted its stake in Cross Country Healthcare by 0.7% during the 2nd quarter. Raymond James & Associates now owns 165,324 shares of the business services provider’s stock valued at $2,288,000 after acquiring an additional 1,155 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Cross Country Healthcare by 14.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,169 shares of the business services provider’s stock valued at $137,000 after acquiring an additional 1,250 shares during the last quarter. Price T Rowe Associates Inc. MD grew 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 worth $312,000 after acquiring an additional 1,450 shares during the period. Finally, Gladius Capital Management LP raised its holdings in shares of Cross Country Healthcare by 83.4% during the third quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 1,812 shares during the last quarter. 96.03% of the stock is owned by institutional investors.

Cross Country Healthcare Stock Performance

Shares of CCRN stock opened at $18.06 on Friday. The stock has a market capitalization of $594.54 million, a price-to-earnings ratio of -361.13, a price-to-earnings-growth ratio of 3.39 and a beta of 0.61. Cross Country Healthcare, Inc. has a 12-month low of $9.58 and a 12-month high of $23.64. The stock’s 50-day moving average price is $12.48 and its 200-day moving average price is $13.84.

Analyst Ratings Changes

A number of research firms have commented on CCRN. Benchmark downgraded shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. StockNews.com began coverage on Cross Country Healthcare in a report on Saturday. They issued a “hold” rating on the stock. Barrington Research restated a “market perform” rating on shares of Cross Country Healthcare in a research note on Tuesday. Truist Financial raised their price objective on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a report on Thursday, December 5th. Finally, William Blair cut shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Cross Country Healthcare currently has an average rating of “Hold” and an average target price of $18.54.

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.