AQR Capital Management LLC Increases Stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

AQR Capital Management LLC raised its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 23.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 325,243 shares of the business services provider's stock after purchasing an additional 61,344 shares during the period. AQR Capital Management LLC owned 0.99% of Cross Country Healthcare worth $5,906,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CCRN. Barclays PLC boosted its holdings in Cross Country Healthcare by 117.5% in the 3rd quarter. Barclays PLC now owns 80,277 shares of the business services provider's stock valued at $1,078,000 after purchasing an additional 43,372 shares during the period. Virtu Financial LLC bought a new stake in shares of Cross Country Healthcare during the 3rd quarter worth $153,000. Zweig DiMenna Associates LLC bought a new stake in shares of Cross Country Healthcare during the 4th quarter worth $6,841,000. ABC Arbitrage SA bought a new stake in shares of Cross Country Healthcare during the 4th quarter worth $3,038,000. Finally, Ieq Capital LLC bought a new stake in shares of Cross Country Healthcare during the 4th quarter worth $231,000. 96.03% of the stock is owned by institutional investors.

Cross Country Healthcare Trading Up 0.4%

Shares of CCRN stock traded up $0.05 during mid-day trading on Tuesday, reaching $13.97. The stock had a trading volume of 29,272 shares, compared to its average volume of 589,482. The stock's 50-day moving average price is $14.55 and its two-hundred day moving average price is $15.46. Cross Country Healthcare, Inc. has a 52-week low of $9.58 and a 52-week high of $18.50. The firm has a market capitalization of $457.98 million, a PE ratio of -279.34, a price-to-earnings-growth ratio of 3.32 and a beta of 0.38.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share (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 quarter in the previous year, the company earned $0.19 EPS. Cross Country Healthcare's quarterly revenue was down 22.6% compared to the same quarter last year. On average, equities research analysts forecast that Cross Country Healthcare, Inc. will post 0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Barrington Research reaffirmed a "market perform" rating and set a $18.61 price objective on shares of Cross Country Healthcare in a report on Friday, March 14th. JMP Securities reiterated a "market perform" rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Finally, StockNews.com initiated coverage on shares of Cross Country Healthcare in a research report on Wednesday, May 7th. They issued a "hold" rating on the stock. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $18.41.

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.