Plato Investment Management Ltd Purchases New Holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Plato Investment Management Ltd purchased a new stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 2,503 shares of the business services provider’s stock, valued at approximately $46,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in 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 valued at $137,000 after acquiring an additional 1,250 shares during the period. Gladius Capital Management LP grew its stake in shares of Cross Country Healthcare by 83.4% in the 3rd 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 period. Truvestments Capital LLC bought a new stake in shares of Cross Country Healthcare in the 3rd quarter valued at approximately $39,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Cross Country Healthcare in the 3rd quarter valued at approximately $49,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Cross Country Healthcare in the 3rd quarter valued at approximately $52,000. 96.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CCRN has been the topic of several analyst reports. William Blair lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Truist Financial upped their price objective on Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a research note on Thursday, December 5th. Benchmark lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. JMP Securities reiterated a “market perform” rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Finally, Barrington Research restated a “market perform” rating on shares of Cross Country Healthcare in a research report on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Cross Country Healthcare presently has an average rating of “Hold” and a consensus price target of $18.54.

Cross Country Healthcare Price Performance

NASDAQ CCRN opened at $16.86 on Thursday. The firm has a market cap of $553.28 million, a PE ratio of -337.13, a price-to-earnings-growth ratio of 3.32 and a beta of 0.44. Cross Country Healthcare, Inc. has a one year low of $9.58 and a one year high of $19.25. The stock’s 50 day simple moving average is $18.00 and its 200 day simple moving average is $15.12.

Cross Country Healthcare Company 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.