Cross Country Healthcare, Inc. (NASDAQ:CCRN) Stake Lessened by Legal & General Group Plc

Legal & General Group Plc lessened its holdings in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 60.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,410 shares of the business services provider's stock after selling 56,440 shares during the quarter. Legal & General Group Plc owned 0.11% of Cross Country Healthcare worth $679,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Barclays PLC lifted its position in Cross Country Healthcare by 117.5% during the 3rd quarter. Barclays PLC now owns 80,277 shares of the business services provider's stock worth $1,078,000 after acquiring an additional 43,372 shares in the last quarter. Virtu Financial LLC purchased a new stake in Cross Country Healthcare during the 3rd quarter worth approximately $153,000. Zweig DiMenna Associates LLC purchased a new position in shares of Cross Country Healthcare during the 4th quarter valued at approximately $6,841,000. ABC Arbitrage SA bought a new stake in shares of Cross Country Healthcare in the fourth quarter worth $3,038,000. Finally, Ieq Capital LLC bought a new position in shares of Cross Country Healthcare during the fourth quarter worth about $231,000. Hedge funds and other institutional investors own 96.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CCRN. Barrington Research reaffirmed a "market perform" rating and issued a $18.61 price objective on shares of Cross Country Healthcare in a report on Friday, March 14th. JMP Securities reissued a "market perform" rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Finally, StockNews.com assumed coverage on Cross Country Healthcare in a report on Tuesday. They set a "hold" rating for the company. 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 an average price target of $18.41.

Cross Country Healthcare Stock Performance

Shares of NASDAQ:CCRN traded up $0.07 during trading hours on Friday, hitting $13.60. The stock had a trading volume of 114,663 shares, compared to its average volume of 595,975. The stock's fifty day simple moving average is $15.01 and its 200 day simple moving average is $15.34. The firm has a market capitalization of $445.89 million, a price-to-earnings ratio of -271.95, a PEG ratio of 3.32 and a beta of 0.25. Cross Country Healthcare, Inc. has a 1-year low of $9.58 and a 1-year high of $18.50.

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.