Dimensional Fund Advisors LP Increases Stake in Cross Country Healthcare, Inc. (CCRN)

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Dimensional Fund Advisors LP lifted its holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 6.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,387,342 shares of the business services provider’s stock after purchasing an additional 155,059 shares during the period. Dimensional Fund Advisors LP owned about 0.07% of Cross Country Healthcare worth $17,499,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Arizona State Retirement System lifted its position in shares of Cross Country Healthcare by 6.0% in the 4th quarter. Arizona State Retirement System now owns 55,826 shares of the business services provider’s stock worth $409,000 after purchasing an additional 3,175 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Cross Country Healthcare by 36.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,104 shares of the business services provider’s stock worth $97,000 after purchasing an additional 3,476 shares during the period. Teachers Advisors LLC lifted its position in shares of Cross Country Healthcare by 7.7% in the 3rd quarter. Teachers Advisors LLC now owns 91,607 shares of the business services provider’s stock worth $800,000 after purchasing an additional 6,575 shares during the period. Legal & General Group Plc lifted its position in shares of Cross Country Healthcare by 9.6% in the 3rd quarter. Legal & General Group Plc now owns 76,954 shares of the business services provider’s stock worth $671,000 after purchasing an additional 6,751 shares during the period. Finally, Panagora Asset Management Inc. lifted its position in shares of Cross Country Healthcare by 150.6% in the 3rd quarter. Panagora Asset Management Inc. now owns 13,881 shares of the business services provider’s stock worth $121,000 after purchasing an additional 8,342 shares during the period. 89.03% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:CCRN opened at $7.50 on Tuesday. Cross Country Healthcare, Inc. has a 52 week low of $6.75 and a 52 week high of $12.90. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.28 and a quick ratio of 2.28. The company has a market cap of $269.99 million, a P/E ratio of 57.46, a PEG ratio of 11.04 and a beta of 1.12.

Several equities research analysts have recently weighed in on the stock. BidaskClub raised shares of Cross Country Healthcare from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 4th. ValuEngine raised shares of Cross Country Healthcare from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Zacks Investment Research cut shares of Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Monday, January 14th. Finally, BMO Capital Markets decreased their target price on shares of Cross Country Healthcare from $10.00 to $8.00 and set a “market perform” rating for the company in a research report on Thursday, February 28th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.00.

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Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc provides healthcare staffing, recruiting, and workforce solutions in the United States. The company operates in three segments: Nurse and Allied Staffing, Physician Staffing, and Other Human Capital Management Services. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, branch-based local nurses, and allied staffing; short-term staffing of registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and travel allied professionals on long-term contract assignments.

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Institutional Ownership by Quarter for Cross Country Healthcare (NASDAQ:CCRN)

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