Paradigm Capital Management Inc. NY Makes New $1.42 Million Investment in Cross Country Healthcare, Inc. $CCRN

Paradigm Capital Management Inc. NY acquired a new position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 107,700 shares of the business services provider’s stock, valued at approximately $1,423,000. Paradigm Capital Management Inc. NY owned about 0.33% of Cross Country Healthcare at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCRN. BNP Paribas Financial Markets lifted its position in shares of Cross Country Healthcare by 50.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,424 shares of the business services provider’s stock valued at $45,000 after buying an additional 1,142 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Cross Country Healthcare in the fourth quarter valued at approximately $46,000. Tower Research Capital LLC TRC grew its position in shares of Cross Country Healthcare by 422.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,586 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 2,899 shares in the last quarter. Longfellow Investment Management Co. LLC purchased a new position in Cross Country Healthcare during the second quarter worth about $75,000. Finally, Graham Capital Management L.P. purchased a new position in shares of Cross Country Healthcare during the fourth quarter worth about $83,000. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CCRN shares. Truist Financial increased their target price on Cross Country Healthcare from $10.00 to $13.25 and gave the company a “hold” rating in a research note on Monday, May 11th. Benchmark cut shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a report on Friday, May 8th. Citizens Jmp downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 7th. Weiss Ratings raised shares of Cross Country Healthcare from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 16th. Finally, Wedbush downgraded Cross Country Healthcare from an “outperform” rating to a “hold” rating and reduced their target price for the stock from $15.00 to $13.25 in a report on Thursday, May 7th. Nine analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Cross Country Healthcare currently has an average rating of “Reduce” and an average price target of $12.05.

Cross Country Healthcare Price Performance

Shares of NASDAQ CCRN opened at $13.25 on Tuesday. Cross Country Healthcare, Inc. has a twelve month low of $7.43 and a twelve month high of $14.99. The company has a 50 day moving average of $13.23 and a 200 day moving average of $11.45. The firm has a market cap of $428.05 million, a P/E ratio of -4.34, a PEG ratio of 14.32 and a beta of 0.45.

Cross Country Healthcare Profile

Cross Country Healthcare, Inc, headquartered in Boca Raton, Florida, is a leading provider of healthcare workforce solutions in the United States. The company specializes in the recruitment, placement and management of nursing and allied health professionals on both a travel and permanent basis. Through its integrated platform, Cross Country Healthcare serves hospitals, health systems, and long-term care facilities by matching qualified clinical talent with patient care needs across diverse care settings.

The company’s core service offerings include travel nurse and allied health staffing, per diem staffing, permanent placement services, and managed services programs.