Balyasny Asset Management L.P. Takes Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Balyasny Asset Management L.P. acquired a new stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,152 shares of the business services provider's stock, valued at approximately $548,000. Balyasny Asset Management L.P. owned 0.09% of Cross Country Healthcare at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CCRN. Amundi increased its position in shares of Cross Country Healthcare by 385.4% during the 4th quarter. Amundi now owns 26,494 shares of the business services provider's stock valued at $483,000 after purchasing an additional 21,036 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Cross Country Healthcare by 35.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,719 shares of the business services provider's stock worth $431,000 after buying an additional 6,214 shares during the period. Yakira Capital Management Inc. bought a new position in Cross Country Healthcare during the fourth quarter valued at $1,013,000. Chicago Capital Management LLC purchased a new stake in shares of Cross Country Healthcare in the fourth quarter valued at $7,300,000. Finally, Sei Investments Co. raised its stake in shares of Cross Country Healthcare by 7.3% in the fourth quarter. Sei Investments Co. now owns 143,380 shares of the business services provider's stock valued at $2,604,000 after acquiring an additional 9,816 shares during the period. 96.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CCRN shares. UBS Group cut their price target on shares of Cross Country Healthcare from $18.61 to $16.50 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. JMP Securities reaffirmed a "market perform" rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. StockNews.com initiated coverage on shares of Cross Country Healthcare in a report on Thursday. They set a "hold" rating for the company. Finally, Barrington Research reissued a "market perform" rating and issued a $18.61 price objective on shares of Cross Country Healthcare in a research note on Friday, March 14th. Seven research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $17.93.

Cross Country Healthcare Stock Performance

Cross Country Healthcare stock traded down $0.05 during midday trading on Monday, hitting $13.94. 97,204 shares of the company's stock were exchanged, compared to its average volume of 587,258. Cross Country Healthcare, Inc. has a 12 month low of $9.58 and a 12 month high of $18.50. The company has a market cap of $457.00 million, a PE ratio of -278.74, a P/E/G ratio of 3.32 and a beta of 0.38. The firm has a 50-day moving average of $14.40 and a two-hundred day moving average of $15.53.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. The company's revenue was down 22.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.19 EPS. As a group, equities analysts expect that Cross Country Healthcare, Inc. will post 0.53 earnings per share for the current year.

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.