Truvestments Capital LLC Takes $39,000 Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Truvestments Capital LLC bought a new stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,933 shares of the business services provider’s stock, valued at approximately $39,000.

A number of other hedge funds have also modified their holdings of CCRN. Royce & Associates LP raised its position 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 valued at $15,222,000 after buying an additional 384,374 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Cross Country Healthcare by 3.8% in the second quarter. Pacer Advisors Inc. now owns 4,550,848 shares of the business services provider’s stock valued at $62,984,000 after buying an additional 165,032 shares during the last quarter. Boston Partners acquired a new stake in shares of Cross Country Healthcare in the first quarter valued at about $2,511,000. American Century Companies Inc. raised its position in shares of Cross Country Healthcare by 15.9% in the second quarter. American Century Companies Inc. now owns 772,834 shares of the business services provider’s stock valued at $10,696,000 after buying an additional 106,226 shares during the last quarter. Finally, Dana Investment Advisors Inc. raised its position in shares of Cross Country Healthcare by 34.7% in the second quarter. Dana Investment Advisors Inc. now owns 404,370 shares of the business services provider’s stock valued at $5,596,000 after buying an additional 104,136 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CCRN. Benchmark cut their price objective on shares of Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Barrington Research cut their price objective on shares of Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Truist Financial cut their price objective on shares of Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating for the company in a research report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Cross Country Healthcare presently has an average rating of “Hold” and an average target price of $18.50.

Cross Country Healthcare Price Performance

Shares of CCRN opened at $10.80 on Thursday. Cross Country Healthcare, Inc. has a 1-year low of $9.58 and a 1-year high of $23.64. The stock has a market cap of $355.54 million, a PE ratio of -213.16, a P/E/G ratio of 2.07 and a beta of 0.65. The firm has a 50-day simple moving average of $12.03 and a two-hundred day simple moving average of $13.76.

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.