Dimensional Fund Advisors LP Sells 244,241 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Dimensional Fund Advisors LP reduced its position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 11.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,913,892 shares of the business services provider's stock after selling 244,241 shares during the quarter. Dimensional Fund Advisors LP owned about 5.83% of Cross Country Healthcare worth $34,756,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Magnetar Financial LLC acquired a new position in shares of Cross Country Healthcare during the fourth quarter worth approximately $41,421,000. Alliancebernstein L.P. raised its holdings in Cross Country Healthcare by 443.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,284,940 shares of the business services provider's stock worth $23,335,000 after buying an additional 1,048,605 shares during the last quarter. Alpine Associates Management Inc. acquired a new position in Cross Country Healthcare during the fourth quarter worth $10,552,000. Chicago Capital Management LLC acquired a new position in shares of Cross Country Healthcare during the fourth quarter valued at about $7,300,000. Finally, Zweig DiMenna Associates LLC acquired a new position in shares of Cross Country Healthcare during the fourth quarter valued at about $6,841,000. Institutional investors own 96.03% of the company's stock.

Analysts Set New Price Targets

CCRN has been the subject of a number of analyst reports. JMP Securities reiterated a "market perform" rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Barrington Research reiterated a "market perform" rating and set a $18.61 price target on shares of Cross Country Healthcare in a report on Friday, March 14th. Finally, StockNews.com initiated coverage on Cross Country Healthcare in a research report on Wednesday. They issued a "hold" rating for the company. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $18.41.

Cross Country Healthcare Price Performance

Shares of NASDAQ CCRN traded up $0.13 during midday trading 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 stock has a market capitalization of $459.99 million, a P/E ratio of -280.54, a PEG ratio of 3.32 and a beta of 0.38. The firm has a 50 day moving average price of $14.61 and a 200-day moving average price of $15.42. Cross Country Healthcare, Inc. has a 12-month low of $9.58 and a 12-month high of $18.50.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last posted 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%. During the same period in the previous year, the company earned $0.19 EPS. The business's revenue was down 22.6% compared to the same quarter last year. On average, equities analysts predict that Cross Country Healthcare, Inc. will post 0.53 EPS for the current year.

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.