Tudor Investment Corp ET AL Invests $532,000 in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Tudor Investment Corp ET AL bought a new position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 29,320 shares of the business services provider's stock, valued at approximately $532,000. Tudor Investment Corp ET AL owned approximately 0.09% of Cross Country Healthcare as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the company. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Cross Country Healthcare in the fourth quarter valued at about $396,000. Credit Industriel ET Commercial acquired a new stake in shares of Cross Country Healthcare in the fourth quarter valued at approximately $1,308,000. Cigogne Management SA purchased a new stake in shares of Cross Country Healthcare in the fourth quarter valued at $1,961,000. Price T Rowe Associates Inc. MD raised its stake in Cross Country Healthcare by 35.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,719 shares of the business services provider's stock valued at $431,000 after purchasing an additional 6,214 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its stake in shares of Cross Country Healthcare by 1,072.4% during the 4th quarter. Susquehanna International Group LLP now owns 125,425 shares of the business services provider's stock worth $2,278,000 after purchasing an additional 114,727 shares during the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on CCRN shares. JMP Securities reiterated a "market perform" rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Barrington Research restated a "market perform" rating and issued a $18.61 price target on shares of Cross Country Healthcare in a report on Friday, March 14th. Finally, StockNews.com initiated coverage on shares of Cross Country Healthcare in a research report on Wednesday. They issued a "hold" rating on the stock. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Cross Country Healthcare has a consensus rating of "Hold" and an average target price of $18.41.

Cross Country Healthcare Price Performance

NASDAQ:CCRN traded up $0.13 during mid-day trading on Friday, reaching $14.03. The stock had a trading volume of 352,961 shares, compared to its average volume of 592,898. The stock's 50 day simple moving average is $14.61 and its two-hundred day simple moving average is $15.42. Cross Country Healthcare, Inc. has a 1-year low of $9.58 and a 1-year high of $18.50. The company has a market capitalization of $459.95 million, a price-to-earnings ratio of -280.54, a price-to-earnings-growth ratio of 3.32 and a beta of 0.38.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. Cross Country Healthcare had a negative net margin of 0.12% and a positive return on equity of 5.38%. During the same period last year, the firm posted $0.19 earnings per share. Cross Country Healthcare's revenue for the quarter was down 22.6% on a year-over-year basis. Sell-side analysts anticipate that Cross Country Healthcare, Inc. will post 0.53 EPS for the current fiscal year.

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.