Invesco Ltd. Lowers Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Invesco Ltd. lessened its holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 67.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 146,363 shares of the business services provider's stock after selling 307,856 shares during the period. Invesco Ltd. owned approximately 0.45% of Cross Country Healthcare worth $2,658,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CCRN. Magnetar Financial LLC acquired a new position in Cross Country Healthcare during the 4th quarter worth approximately $41,421,000. Alliancebernstein L.P. grew its stake in shares of Cross Country Healthcare by 443.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,284,940 shares of the business services provider's stock worth $23,335,000 after purchasing an additional 1,048,605 shares in the last quarter. Royce & Associates LP increased its holdings in Cross Country Healthcare by 3.4% in the fourth quarter. Royce & Associates LP now owns 1,170,945 shares of the business services provider's stock valued at $21,264,000 after buying an additional 38,379 shares during the last quarter. American Century Companies Inc. raised its stake in Cross Country Healthcare by 9.8% in the fourth quarter. American Century Companies Inc. now owns 1,032,203 shares of the business services provider's stock valued at $18,745,000 after buying an additional 92,114 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Cross Country Healthcare by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 754,368 shares of the business services provider's stock worth $13,702,000 after buying an additional 2,112 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company's stock.

Cross Country Healthcare Price Performance

Shares of CCRN traded up $0.08 during mid-day trading on Friday, reaching $13.61. 167,388 shares of the company's stock were exchanged, compared to its average volume of 594,263. The business's fifty day simple moving average is $14.94 and its 200-day simple moving average is $15.37. The stock has a market capitalization of $446.22 million, a PE ratio of -272.15, a price-to-earnings-growth ratio of 3.32 and a beta of 0.25. Cross Country Healthcare, Inc. has a 52-week low of $9.58 and a 52-week high of $18.50.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CCRN shares. Barrington Research restated a "market perform" rating and set a $18.61 target price on shares of Cross Country Healthcare in a research note on Friday, March 14th. StockNews.com began coverage on shares of Cross Country Healthcare in a report on Tuesday. They issued a "hold" rating for the company. Finally, JMP Securities reiterated a "market perform" rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Cross Country Healthcare has an average rating of "Hold" and a consensus price target of $18.41.

Cross Country Healthcare 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.