Essex Investment Management Co. LLC Lowers Stake in Cross Country Healthcare, Inc. (CCRN)

Essex Investment Management Co. LLC Lowers Stake in Cross Country Healthcare, Inc. (CCRN)

Essex Investment Management Co. LLC reduced its stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 4.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 67,304 shares of the company’s stock after selling 3,114 shares during the period. Essex Investment Management Co. LLC owned approximately 0.20% of Cross Country Healthcare worth $793,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. US Bancorp DE boosted its stake in shares of Cross Country Healthcare by 2.5% in the second quarter. US Bancorp DE now owns 7,491 shares of the company’s stock valued at $105,000 after buying an additional 181 shares in the last quarter. Alambic Investment Management L.P. bought a new stake in shares of Cross Country Healthcare during the third quarter worth $132,000. Palo Capital Inc. bought a new stake in shares of Cross Country Healthcare during the third quarter worth $136,000. Capital Fund Management S.A. bought a new stake in shares of Cross Country Healthcare during the third quarter worth $147,000. Finally, Virginia Retirement Systems ET AL bought a new stake in shares of Cross Country Healthcare during the second quarter worth $181,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

Cross Country Healthcare, Inc. (NASDAQ:CCRN) opened at 14.20 on Friday. Cross Country Healthcare, Inc. has a 12 month low of $9.72 and a 12 month high of $16.00. The company’s 50-day moving average price is $14.93 and its 200 day moving average price is $13.54. The firm’s market capitalization is $468.74 million.

A number of equities research analysts recently weighed in on CCRN shares. Avondale Partners cut Cross Country Healthcare from an “outperform” rating to a “market perform” rating and set a $15.50 price objective for the company. in a research note on Tuesday, January 24th. BMO Capital Markets restated a “buy” rating and set a $17.00 price objective on shares of Cross Country Healthcare in a research note on Monday, January 9th. Zacks Investment Research cut Cross Country Healthcare from a “buy” rating to a “hold” rating in a research note on Tuesday, January 3rd. TheStreet upgraded Cross Country Healthcare from a “hold” rating to a “buy” rating in a research note on Thursday, November 3rd. Finally, Benchmark Co. started coverage on Cross Country Healthcare in a research note on Friday, January 20th. They set a “buy” rating and a $19.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Cross Country Healthcare currently has an average rating of “Buy” and a consensus price target of $17.10.

In other news, insider Vickie Anenberg sold 4,800 shares of Cross Country Healthcare stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $15.04, for a total value of $72,192.00. Following the completion of the sale, the insider now directly owns 190,717 shares of the company’s stock, valued at $2,868,383.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.20% of the company’s stock.

About Cross Country Healthcare

Cross Country Healthcare, Inc (CCRN) is engaged in providing healthcare recruiting, staffing and workforce solutions. The Company operates in three segments: Nurse and Allied Staffing, Physician Staffing and Other Human Capital Management Services. Its nurse and allied staffing segment is engaged in providing traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, and branch-based local nurses and allied staffing through its Cross Country Staffing brand, MSN, AHG, Mediscan and DirectEd brands.

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