Algert Global LLC boosted its holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 58.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,284 shares of the business services provider's stock after acquiring an additional 26,623 shares during the period. Algert Global LLC owned about 0.22% of Cross Country Healthcare worth $1,313,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Barclays PLC raised its holdings in shares of Cross Country Healthcare by 117.5% during the third quarter. Barclays PLC now owns 80,277 shares of the business services provider's stock valued at $1,078,000 after buying an additional 43,372 shares during the last quarter. Amundi raised its holdings in shares of Cross Country Healthcare by 385.4% during the fourth quarter. Amundi now owns 26,494 shares of the business services provider's stock valued at $483,000 after buying an additional 21,036 shares during the last quarter. Yakira Capital Management Inc. bought a new stake in Cross Country Healthcare during the fourth quarter worth approximately $1,013,000. Chicago Capital Management LLC bought a new stake in Cross Country Healthcare during the fourth quarter worth approximately $7,300,000. Finally, Sei Investments Co. raised its holdings in Cross Country Healthcare by 7.3% during the fourth quarter. Sei Investments Co. now owns 143,380 shares of the business services provider's stock worth $2,604,000 after purchasing an additional 9,816 shares in the last quarter. Institutional investors own 96.03% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on CCRN. JMP Securities reiterated a "market perform" rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Barrington Research reissued a "market perform" rating and issued a $18.61 price target on shares of Cross Country Healthcare in a research report on Friday, March 14th. UBS Group dropped their price objective on shares of Cross Country Healthcare from $18.61 to $16.50 and set a "neutral" rating for the company in a report on Tuesday. Finally, StockNews.com initiated coverage on shares of Cross Country Healthcare in a report on Wednesday, May 7th. They set a "hold" rating for the company. Seven analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $17.93.
Check Out Our Latest Report on CCRN
Cross Country Healthcare Trading Up 0.2%
Shares of CCRN stock traded up $0.03 on Tuesday, hitting $13.95. The stock had a trading volume of 100,382 shares, compared to its average volume of 589,904. Cross Country Healthcare, Inc. has a twelve month low of $9.58 and a twelve month high of $18.50. The firm has a market cap of $457.32 million, a P/E ratio of -278.94, a PEG ratio of 3.32 and a beta of 0.38. The company has a fifty day moving average price of $14.55 and a two-hundred day moving average price of $15.46.
Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last announced its earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, topping 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%. During the same period last year, the firm posted $0.19 earnings per share. The business's revenue for the quarter was down 22.6% compared to the same quarter last year. On average, analysts expect that Cross Country Healthcare, Inc. will post 0.53 earnings per share for the current year.
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.
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