SG Americas Securities LLC Trims Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

SG Americas Securities LLC trimmed its holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 24.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,573 shares of the business services provider’s stock after selling 2,466 shares during the period. SG Americas Securities LLC’s holdings in Cross Country Healthcare were worth $138,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new position in shares of Cross Country Healthcare in the 3rd quarter worth $153,000. Barclays PLC lifted its stake in shares of Cross Country Healthcare by 117.5% during the third quarter. Barclays PLC now owns 80,277 shares of the business services provider’s stock worth $1,078,000 after purchasing an additional 43,372 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Cross Country Healthcare by 5,077.6% in the third quarter. Public Employees Retirement System of Ohio now owns 58,144 shares of the business services provider’s stock worth $781,000 after buying an additional 57,021 shares during the period. XTX Topco Ltd acquired a new stake in shares of Cross Country Healthcare in the third quarter valued at about $312,000. Finally, Jane Street Group LLC lifted its position in Cross Country Healthcare by 337.6% during the 3rd quarter. Jane Street Group LLC now owns 181,492 shares of the business services provider’s stock worth $2,439,000 after acquiring an additional 140,013 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CCRN shares. Barrington Research reissued a “market perform” rating on shares of Cross Country Healthcare in a research report on Tuesday, December 10th. Benchmark downgraded shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. StockNews.com initiated coverage on Cross Country Healthcare in a report on Saturday. They set a “hold” rating on the stock. Truist Financial lifted their price target on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a report on Thursday, December 5th. Finally, JMP Securities restated a “market perform” rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $18.54.

Cross Country Healthcare Stock Performance

NASDAQ:CCRN opened at $18.20 on Tuesday. The stock has a market cap of $597.32 million, a price-to-earnings ratio of -363.93, a PEG ratio of 3.35 and a beta of 0.44. The business has a fifty day moving average of $17.85 and a 200-day moving average of $14.90. Cross Country Healthcare, Inc. has a 1 year low of $9.58 and a 1 year high of $21.41.

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.