59,250 Shares in Cross Country Healthcare, Inc. (NASDAQ:CCRN) Acquired by BCK Capital Management LP

BCK Capital Management LP bought a new stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 59,250 shares of the business services provider's stock, valued at approximately $1,076,000. Cross Country Healthcare comprises approximately 0.8% of BCK Capital Management LP's holdings, making the stock its 26th largest holding. BCK Capital Management LP owned 0.18% of Cross Country Healthcare at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Magnetar Financial LLC purchased a new position in Cross Country Healthcare during the fourth quarter worth about $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 purchasing an additional 1,048,605 shares in the last quarter. Royce & Associates LP increased its holdings in Cross Country Healthcare by 3.4% in the fourth quarter. Royce & Associates LP now owns 1,170,945 shares of the business services provider's stock valued at $21,264,000 after buying an additional 38,379 shares in the last quarter. American Century Companies Inc. increased its holdings in Cross Country Healthcare by 9.8% in the fourth quarter. American Century Companies Inc. now owns 1,032,203 shares of the business services provider's stock valued at $18,745,000 after buying an additional 92,114 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Cross Country Healthcare by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 754,368 shares of the business services provider's stock valued at $13,702,000 after buying an additional 2,112 shares in the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

Cross Country Healthcare Stock Performance

Shares of NASDAQ CCRN traded up $0.03 during midday trading on Wednesday, hitting $13.56. The company's stock had a trading volume of 123,577 shares, compared to its average volume of 582,417. The firm's fifty day moving average price is $14.17 and its 200-day moving average price is $15.60. The firm has a market cap of $444.57 million, a P/E ratio of -271.15, a P/E/G ratio of 3.32 and a beta of 0.38. Cross Country Healthcare, Inc. has a 1-year low of $9.58 and a 1-year high of $18.50.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.06 EPS 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 quarter in the prior year, the business posted $0.19 EPS. Cross Country Healthcare's revenue was down 22.6% compared to the same quarter last year. As a group, research analysts predict that Cross Country Healthcare, Inc. will post 0.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CCRN shares. 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. JMP Securities reaffirmed a "market perform" rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. UBS Group lowered their price target on shares of Cross Country Healthcare from $18.61 to $16.50 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Finally, Wall Street Zen began coverage on shares of Cross Country Healthcare in a research report on Thursday, May 15th. They issued a "hold" rating on the stock. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently 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.