Rudman Errol M reduced its position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 76.6% during the fourth quarter, Holdings Channel reports. The firm owned 39,638 shares of the company’s stock after selling 130,000 shares during the period. Cross Country Healthcare comprises approximately 0.4% of Rudman Errol M’s investment portfolio, making the stock its 21st largest position. Rudman Errol M owned about 0.12% of Cross Country Healthcare worth $619,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. Alambic Investment Management L.P. bought a new stake in Cross Country Healthcare during the third quarter valued at approximately $132,000. Palo Capital Inc. bought a new stake in Cross Country Healthcare during the third quarter valued at approximately $136,000. Capital Fund Management S.A. bought a new stake in Cross Country Healthcare during the third quarter valued at approximately $147,000. Bbva Compass Bancshares Inc. bought a new stake in Cross Country Healthcare during the third quarter valued at approximately $152,000. Finally, Municipal Employees Retirement System of Michigan increased its stake in Cross Country Healthcare by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 13,060 shares of the company’s stock valued at $154,000 after buying an additional 220 shares in the last quarter. 98.35% of the stock is owned by hedge funds and other institutional investors.
Cross Country Healthcare, Inc. (NASDAQ:CCRN) traded up 1.01% during mid-day trading on Tuesday, reaching $14.94. The company’s stock had a trading volume of 143,867 shares. The stock’s 50-day moving average is $14.78 and its 200-day moving average is $13.45. Cross Country Healthcare, Inc. has a 12 month low of $9.72 and a 12 month high of $16.00. The firm’s market capitalization is $493.17 million.
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CCRN has been the subject of several analyst reports. Zacks Investment Research raised Cross Country Healthcare from a “sell” rating to a “hold” rating and set a $15.00 price objective for the company in a research note on Tuesday, November 1st. Cantor Fitzgerald set a $17.00 price objective on Cross Country Healthcare and gave the company a “buy” rating in a research note on Wednesday, November 2nd. TheStreet raised Cross Country Healthcare from a “hold” rating to a “buy” rating in a research note on Thursday, November 3rd. BMO Capital Markets reaffirmed a “buy” rating on shares of Cross Country Healthcare in a research note on Monday, November 7th. Finally, Benchmark Co. initiated coverage on Cross Country Healthcare in a research note on Friday, January 20th. They set a “buy” rating and a $19.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $17.10.
In other news, insider Vickie Anenberg sold 4,800 shares of Cross Country Healthcare stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $15.04, for a total transaction of $72,192.00. Following the sale, the insider now directly owns 190,717 shares of the company’s stock, valued at $2,868,383.68. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.20% of the stock is currently owned by insiders.
Cross Country Healthcare Company Profile
Cross Country Healthcare, Inc (CCRN) is engaged in providing healthcare recruiting, staffing and workforce solutions. The Company operates in three segments: Nurse and Allied Staffing, Physician Staffing and Other Human Capital Management Services. Its nurse and allied staffing segment is engaged in providing traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, and branch-based local nurses and allied staffing through its Cross Country Staffing brand, MSN, AHG, Mediscan and DirectEd brands.
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