Cross Country Healthcare, Inc. (NASDAQ:CCRN) Short Interest Up 71.1% in March

Cross Country Healthcare, Inc. (NASDAQ:CCRN) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 3,080,000 shares, an increase of 71.1% from the March 15th total of 1,800,000 shares. Based on an average daily volume of 462,200 shares, the short-interest ratio is currently 6.7 days. Approximately 10.0% of the shares of the company are short sold.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com began coverage on Cross Country Healthcare in a research report on Sunday, April 13th. They set a “hold” rating for the company. Barrington Research restated a “market perform” rating and set a $18.61 price objective on shares of Cross Country Healthcare in a research note on Friday, March 14th. Finally, JMP Securities reiterated a “market perform” rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating, According to MarketBeat, Cross Country Healthcare has a consensus rating of “Hold” and a consensus target price of $18.41.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CCRN. State Street Corp lifted its holdings in Cross Country Healthcare by 0.5% in the 3rd quarter. State Street Corp now owns 1,334,353 shares of the business services provider’s stock valued at $17,934,000 after acquiring an additional 6,582 shares during the last quarter. Jane Street Group LLC lifted its stake in Cross Country Healthcare by 337.6% during the third quarter. Jane Street Group LLC now owns 181,492 shares of the business services provider’s stock valued at $2,439,000 after purchasing an additional 140,013 shares during the last quarter. XTX Topco Ltd bought a new stake in Cross Country Healthcare during the third quarter worth approximately $312,000. Public Employees Retirement System of Ohio grew its position in 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 last quarter. Finally, Barclays PLC grew its position in Cross Country Healthcare by 117.5% in the third quarter. Barclays PLC now owns 80,277 shares of the business services provider’s stock worth $1,078,000 after buying an additional 43,372 shares during the last quarter. Institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Stock Performance

Shares of NASDAQ CCRN opened at $14.26 on Friday. Cross Country Healthcare has a 1 year low of $9.58 and a 1 year high of $18.50. The firm has a market cap of $467.91 million, a P/E ratio of -285.14, a PEG ratio of 3.32 and a beta of 0.25. The stock has a fifty day moving average price of $15.78 and a two-hundred day moving average price of $15.26.

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.