Credit Industriel ET Commercial Buys Shares of 72,000 Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Credit Industriel ET Commercial acquired a new stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 72,000 shares of the business services provider's stock, valued at approximately $1,308,000. Credit Industriel ET Commercial owned about 0.22% of Cross Country Healthcare at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CCRN. Quadrant Capital Group LLC purchased a new position in shares of Cross Country Healthcare during the 4th quarter valued at about $25,000. Plato Investment Management Ltd acquired a new position in Cross Country Healthcare in the fourth quarter valued at approximately $46,000. Virtu Financial LLC acquired a new stake in shares of Cross Country Healthcare during the 3rd quarter worth approximately $153,000. Mint Tower Capital Management B.V. purchased a new position in shares of Cross Country Healthcare during the 4th quarter valued at approximately $182,000. Finally, Guggenheim Capital LLC purchased a new stake in Cross Country Healthcare during the fourth quarter worth $201,000. Hedge funds and other institutional investors own 96.03% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CCRN shares. StockNews.com started coverage on shares of Cross Country Healthcare in a research note on Tuesday. They set a "hold" rating on the stock. JMP Securities reaffirmed a "market perform" rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Finally, Barrington Research reissued a "market perform" rating and issued a $18.61 price target on shares of Cross Country Healthcare in a research note on Friday, March 14th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $18.41.

Cross Country Healthcare Stock Performance

CCRN stock remained flat at $13.51 during midday trading on Tuesday. The company's stock had a trading volume of 206,710 shares, compared to its average volume of 597,123. Cross Country Healthcare, Inc. has a 12 month low of $9.58 and a 12 month high of $18.50. The stock has a market cap of $442.94 million, a P/E ratio of -270.15, a price-to-earnings-growth ratio of 3.32 and a beta of 0.25. The firm has a 50-day moving average price of $15.27 and a two-hundred day moving average price of $15.36.

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.