Gabelli Funds LLC purchased a new position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 345,600 shares of the business services provider's stock, valued at approximately $6,276,000. Gabelli Funds LLC owned 1.05% of Cross Country Healthcare as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the stock. Quadrant Capital Group LLC purchased a new stake in Cross Country Healthcare in the 4th quarter valued at about $25,000. Plato Investment Management Ltd acquired a new position in Cross Country Healthcare in the 4th quarter valued at about $46,000. Virtu Financial LLC acquired a new position in Cross Country Healthcare in the 3rd quarter valued at about $153,000. Mint Tower Capital Management B.V. acquired a new position in Cross Country Healthcare in the 4th quarter valued at about $182,000. Finally, Guggenheim Capital LLC acquired a new position in Cross Country Healthcare in the 4th quarter valued at about $201,000. Hedge funds and other institutional investors own 96.03% of the company's stock.
Cross Country Healthcare Price Performance
Shares of Cross Country Healthcare stock traded down $0.01 on Wednesday, reaching $13.98. 52,181 shares of the company were exchanged, compared to its average volume of 596,770. The stock's 50 day moving average price is $15.61 and its 200-day moving average price is $15.30. The company has a market cap of $458.73 million, a P/E ratio of -279.54, a price-to-earnings-growth ratio of 3.32 and a beta of 0.25. Cross Country Healthcare, Inc. has a 1-year low of $9.58 and a 1-year high of $18.50.
Wall Street Analysts Forecast Growth
CCRN has been the subject of several research reports. StockNews.com initiated coverage on Cross Country Healthcare in a research report on Monday. They issued a "hold" rating for the company. Barrington Research reissued a "market perform" rating and set a $18.61 price objective on shares of Cross Country Healthcare in a research report on Friday, March 14th. Finally, JMP Securities reissued a "market perform" rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $18.41.
Check Out Our Latest Report on CCRN
About Cross Country Healthcare
(
Free Report)
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.
Further Reading
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