597,535 Shares in Cross Country Healthcare, Inc. (NASDAQ:CCRN) Acquired by AQR Arbitrage LLC

AQR Arbitrage LLC acquired a new stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 597,535 shares of the business services provider's stock, valued at approximately $10,851,000. AQR Arbitrage LLC owned 1.82% of Cross Country Healthcare at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CCRN. AQR Capital Management LLC lifted its position in shares of Cross Country Healthcare by 23.2% in the 4th quarter. AQR Capital Management LLC now owns 325,243 shares of the business services provider's stock worth $5,906,000 after purchasing an additional 61,344 shares during the period. Northern Trust Corp boosted its position in Cross Country Healthcare by 6.9% in the fourth quarter. Northern Trust Corp now owns 386,175 shares of the business services provider's stock valued at $7,013,000 after buying an additional 24,877 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in Cross Country Healthcare during the 4th quarter valued at approximately $532,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Cross Country Healthcare during the fourth quarter worth $396,000. Finally, Credit Industriel ET Commercial purchased a new position in shares of Cross Country Healthcare during the 4th quarter valued at about $1,308,000. 96.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. JMP Securities reissued a "market perform" rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Barrington Research reiterated a "market perform" rating and issued a $18.61 price objective on shares of Cross Country Healthcare in a research report on Friday, March 14th. Finally, StockNews.com initiated coverage on Cross Country Healthcare in a research report on Tuesday, April 29th. They set a "hold" rating on the stock. Six analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $18.41.

Cross Country Healthcare Stock Up 1.2 %

Shares of NASDAQ CCRN traded up $0.17 during midday trading on Tuesday, hitting $13.68. The stock had a trading volume of 206,618 shares, compared to its average volume of 591,238. 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 $448.35 million, a PE ratio of -273.45, a P/E/G ratio of 3.32 and a beta of 0.38. The stock has a 50 day simple moving average of $14.87 and a 200-day simple moving average of $15.39.

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.