AQR Capital Management LLC Acquires 61,344 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

AQR Capital Management LLC grew its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 23.2% in the fourth quarter, according to the company in its most recent Form 13F 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 quarter. AQR Capital Management LLC owned approximately 0.99% of Cross Country Healthcare worth $5,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 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 worth $1,078,000 after buying an additional 43,372 shares during the period. Virtu Financial LLC purchased a new position in shares of Cross Country Healthcare in the third quarter valued at about $153,000. Zweig DiMenna Associates LLC bought a new position in shares of Cross Country Healthcare in the fourth quarter worth about $6,841,000. ABC Arbitrage SA bought a new position in Cross Country Healthcare in the 4th quarter worth approximately $3,038,000. Finally, Ieq Capital LLC purchased a new stake in Cross Country Healthcare during the 4th quarter valued at approximately $231,000. 96.03% of the stock is owned by hedge funds and other institutional investors.

Cross Country Healthcare Price Performance

Shares of Cross Country Healthcare stock traded up $0.13 during trading hours on Friday, reaching $14.03. The company's stock had a trading volume of 352,961 shares, compared to its average volume of 592,898. The firm has a 50 day moving average price of $14.61 and a 200-day moving average price of $15.42. The stock has a market cap of $459.95 million, a P/E ratio of -280.54, a P/E/G ratio of 3.32 and a beta of 0.38. Cross Country Healthcare, Inc. has a one year low of $9.58 and a one year high of $18.50.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. Cross Country Healthcare had a positive return on equity of 5.38% and a negative net margin of 0.12%. The firm's revenue was down 22.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.19 EPS. As a group, sell-side analysts forecast that Cross Country Healthcare, Inc. will post 0.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Cross Country Healthcare 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.