D. E. Shaw & Co. Inc. Boosts Stock Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

D. E. Shaw & Co. Inc. raised its holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 35.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 524,807 shares of the business services provider's stock after acquiring an additional 136,374 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 1.60% of Cross Country Healthcare worth $9,530,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Balyasny Asset Management L.P. bought a new position in Cross Country Healthcare during the 4th quarter worth about $548,000. Algert Global LLC raised its position in shares of Cross Country Healthcare by 58.3% in the 4th quarter. Algert Global LLC now owns 72,284 shares of the business services provider's stock valued at $1,313,000 after purchasing an additional 26,623 shares during the last quarter. AQR Arbitrage LLC purchased a new position in shares of Cross Country Healthcare in the fourth quarter worth $10,851,000. AQR Capital Management LLC raised its holdings in shares of Cross Country Healthcare by 23.2% in the fourth quarter. AQR Capital Management LLC now owns 325,243 shares of the business services provider's stock worth $5,906,000 after buying an additional 61,344 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Cross Country Healthcare by 6.9% during the fourth quarter. Northern Trust Corp now owns 386,175 shares of the business services provider's stock worth $7,013,000 after buying an additional 24,877 shares during the period. 96.03% of the stock is currently owned by institutional investors.

Cross Country Healthcare Stock Performance

Shares of CCRN traded down $0.07 during trading hours on Tuesday, hitting $13.88. The stock had a trading volume of 37,987 shares, compared to its average volume of 399,731. The firm has a 50-day moving average price of $14.36 and a 200 day moving average price of $15.54. Cross Country Healthcare, Inc. has a fifty-two week low of $9.58 and a fifty-two week high of $18.50. The firm has a market capitalization of $454.86 million, a price-to-earnings ratio of -277.44, a PEG ratio of 3.32 and a beta of 0.38.

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 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 in the prior year, the company earned $0.19 earnings per share. The business's revenue was down 22.6% on a year-over-year basis. As a group, analysts predict that Cross Country Healthcare, Inc. will post 0.53 EPS for the current fiscal year.

Analysts Set New Price Targets

CCRN has been the subject of a number of research analyst reports. Barrington Research restated a "market perform" rating and issued a $18.61 target price on shares of Cross Country Healthcare in a research note on Friday, March 14th. UBS Group decreased their target price on Cross Country Healthcare from $18.61 to $16.50 and set a "neutral" rating for the company in a report on Tuesday, May 13th. JMP Securities reiterated a "market perform" rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Finally, StockNews.com assumed coverage on shares of Cross Country Healthcare in a research note on Thursday, May 15th. They set a "hold" rating for the company. Seven research analysts have rated the stock with a hold rating, According to MarketBeat.com, Cross Country Healthcare currently has a consensus rating of "Hold" and an average price target of $17.93.

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.