Today The Bank of New York Mellon Corp Increases Stake in Cross Country Healthcare, Inc. (CCRN)

Today The Bank of New York Mellon Corp Increases Stake in Cross Country Healthcare, Inc. (CCRN)

Bank of New York Mellon Corp boosted its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 24.5% during the third quarter, Holdings Channel reports. The firm owned 462,732 shares of the company’s stock after buying an additional 91,011 shares during the period. Bank of New York Mellon Corp owned 1.40% of Cross Country Healthcare worth $5,451,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TD Asset Management Inc. increased its position in Cross Country Healthcare by 94.1% in the third quarter. TD Asset Management Inc. now owns 26,200 shares of the company’s stock worth $309,000 after buying an additional 12,700 shares during the period. Kornitzer Capital Management Inc. KS purchased a new position in Cross Country Healthcare during the third quarter worth $1,594,000. Wells Fargo & Company MN increased its position in Cross Country Healthcare by 4.8% in the third quarter. Wells Fargo & Company MN now owns 2,031,810 shares of the company’s stock worth $23,935,000 after buying an additional 93,909 shares during the period. Virginia Retirement Systems ET AL increased its position in Cross Country Healthcare by 6.2% in the third quarter. Virginia Retirement Systems ET AL now owns 13,800 shares of the company’s stock worth $163,000 after buying an additional 800 shares during the period. Finally, Capital Fund Management S.A. purchased a new position in Cross Country Healthcare during the third quarter worth $147,000. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Cross Country Healthcare, Inc. (NASDAQ:CCRN) traded up 0.43% during trading on Wednesday, hitting $14.12. The stock had a trading volume of 105,496 shares. The stock’s 50-day moving average price is $14.99 and its 200-day moving average price is $13.54. The company’s market capitalization is $466.10 million. Cross Country Healthcare, Inc. has a 1-year low of $9.72 and a 1-year high of $16.00.

CCRN has been the subject of several analyst reports. Avondale Partners downgraded 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. Benchmark Co. initiated coverage on Cross Country Healthcare in a research note on Friday, January 20th. They issued a “buy” rating and a $19.00 price objective for the company. Zacks Investment Research raised Cross Country Healthcare from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective for the company in a research note on Friday, January 13th. BMO Capital Markets reissued a “buy” rating and issued a $17.00 price objective on shares of Cross Country Healthcare in a research note on Monday, January 9th. Finally, TheStreet raised Cross Country Healthcare from a “hold” rating to a “buy” rating in a research note on Thursday, November 3rd. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $17.10.

In other Cross Country Healthcare news, insider Vickie Anenberg sold 40,882 shares of Cross Country Healthcare stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $14.92, for a total transaction of $609,959.44. Following the sale, the insider now directly owns 173,717 shares of the company’s stock, valued at approximately $2,591,857.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.20% of the company’s stock.

Cross Country Healthcare Company Profile

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.

Want to see what other hedge funds are holding CCRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cross Country Healthcare, Inc. (NASDAQ:CCRN).

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