Dynamic Technology Lab Private Ltd Buys New Stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Dynamic Technology Lab Private Ltd purchased a new stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN) in the third quarter, HoldingsChannel reports. The institutional investor purchased 22,975 shares of the business services provider’s stock, valued at approximately $309,000.

Several other large investors also recently bought and sold shares of CCRN. Boston Partners purchased a new stake in shares of Cross Country Healthcare in the 1st quarter valued at about $2,511,000. Royce & Associates LP lifted its stake in 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. Pinnacle Associates Ltd. boosted its holdings in shares of Cross Country Healthcare by 14.9% in the third quarter. Pinnacle Associates Ltd. now owns 342,315 shares of the business services provider’s stock valued at $4,601,000 after acquiring an additional 44,496 shares during the period. Dana Investment Advisors Inc. increased its holdings in shares of Cross Country Healthcare by 34.7% in the 2nd quarter. Dana Investment Advisors Inc. now owns 404,370 shares of the business services provider’s stock valued at $5,596,000 after acquiring an additional 104,136 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in Cross Country Healthcare in the 3rd quarter valued at $768,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

Wall Street Analyst Weigh In

CCRN has been the topic of a number of recent research reports. Barrington Research dropped their price objective on shares of Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Truist Financial reduced their price objective on Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating for the company in a research note on Monday, October 21st. Finally, Benchmark lowered their target price on Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Cross Country Healthcare has an average rating of “Moderate Buy” and an average price target of $17.33.

Cross Country Healthcare Stock Down 0.4 %

Shares of Cross Country Healthcare stock opened at $10.76 on Monday. The firm has a market cap of $354.22 million, a price-to-earnings ratio of -215.16, a price-to-earnings-growth ratio of 2.05 and a beta of 0.65. Cross Country Healthcare, Inc. has a 52-week low of $9.58 and a 52-week high of $23.64. The company’s 50-day simple moving average is $11.79 and its 200-day simple moving average is $13.67.

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.