Cigogne Management SA Takes $1.96 Million Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Cigogne Management SA acquired a new stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 108,000 shares of the business services provider's stock, valued at approximately $1,961,000. Cross Country Healthcare makes up approximately 1.2% of Cigogne Management SA's holdings, making the stock its 25th largest position. Cigogne Management SA owned about 0.33% of Cross Country Healthcare at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Quadrant Capital Group LLC acquired a new position in Cross Country Healthcare in the 4th quarter worth about $25,000. Geode Capital Management LLC raised its holdings in Cross Country Healthcare by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 754,368 shares of the business services provider's stock worth $13,702,000 after purchasing an additional 2,112 shares during the period. Plato Investment Management Ltd acquired a new position in Cross Country Healthcare in the 4th quarter worth about $46,000. Wells Fargo & Company MN raised its holdings in Cross Country Healthcare by 20.7% in the 4th quarter. Wells Fargo & Company MN now owns 19,657 shares of the business services provider's stock worth $357,000 after purchasing an additional 3,371 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Cross Country Healthcare by 35.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,719 shares of the business services provider's stock worth $431,000 after purchasing an additional 6,214 shares during the period. Institutional investors and hedge funds own 96.03% of the company's stock.

Cross Country Healthcare Trading Down 0.0 %

CCRN stock traded down $0.01 during midday trading on Tuesday, hitting $13.51. 188,634 shares of the company's stock were exchanged, compared to its average volume of 597,032. The business has a 50-day simple moving average of $15.27 and a two-hundred day simple moving average of $15.36. The stock has a market capitalization of $442.77 million, a PE ratio of -270.15, a P/E/G 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.

Analyst Ratings Changes

A number of brokerages have commented on CCRN. JMP Securities reissued a "market perform" rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. StockNews.com initiated coverage on Cross Country Healthcare in a report on Tuesday. They issued a "hold" rating for the company. Finally, Barrington Research reiterated 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. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, Cross Country Healthcare presently has an average rating of "Hold" and an average target price 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.