Olympiad Research LP Buys Shares of 83,705 Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Olympiad Research LP bought a new stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 83,705 shares of the business services provider’s stock, valued at approximately $1,520,000. Cross Country Healthcare comprises approximately 1.6% of Olympiad Research LP’s portfolio, making the stock its 10th biggest holding. Olympiad Research LP owned about 0.26% of Cross Country Healthcare at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in Cross Country Healthcare in the third quarter valued at approximately $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Cross Country Healthcare in the third quarter worth $49,000. Point72 DIFC Ltd acquired a new stake in shares of Cross Country Healthcare in the third quarter worth $52,000. Gladius Capital Management LP lifted its stake in shares of Cross Country Healthcare by 83.4% in the third quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider’s stock worth $54,000 after buying an additional 1,812 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of Cross Country Healthcare by 10,909.3% in the third quarter. US Bancorp DE now owns 4,734 shares of the business services provider’s stock worth $64,000 after buying an additional 4,691 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CCRN has been the subject of a number of analyst reports. William Blair cut shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. StockNews.com initiated coverage on shares of Cross Country Healthcare in a research note on Sunday, February 16th. They issued a “hold” rating for the company. Truist Financial boosted their price objective on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a research note on Thursday, December 5th. JMP Securities restated a “market perform” rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Finally, Barrington Research reiterated a “market perform” rating on shares of Cross Country Healthcare in a research note on Tuesday, December 10th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Cross Country Healthcare has a consensus rating of “Hold” and a consensus price target of $18.54.

Cross Country Healthcare Price Performance

NASDAQ:CCRN opened at $18.10 on Friday. The stock has a market cap of $593.97 million, a P/E ratio of -361.93, a PEG ratio of 3.32 and a beta of 0.44. Cross Country Healthcare, Inc. has a one year low of $9.58 and a one year high of $19.25. The company has a fifty day moving average price of $18.13 and a 200 day moving average price of $14.99.

About Cross Country Healthcare

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.