BCK Capital Management LP acquired a new position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 59,250 shares of the business services provider's stock, valued at approximately $1,076,000. Cross Country Healthcare makes up approximately 0.8% of BCK Capital Management LP's portfolio, making the stock its 26th biggest holding. BCK Capital Management LP owned 0.18% of Cross Country Healthcare at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Amundi boosted its position in shares of Cross Country Healthcare by 385.4% in the fourth quarter. Amundi now owns 26,494 shares of the business services provider's stock worth $483,000 after buying an additional 21,036 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Cross Country Healthcare by 35.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,719 shares of the business services provider's stock worth $431,000 after buying an additional 6,214 shares during the period. Yakira Capital Management Inc. acquired a new stake in shares of Cross Country Healthcare in the fourth quarter worth $1,013,000. Chicago Capital Management LLC acquired a new stake in shares of Cross Country Healthcare in the fourth quarter worth $7,300,000. Finally, Sei Investments Co. boosted its position in shares of Cross Country Healthcare by 7.3% in the fourth quarter. Sei Investments Co. now owns 143,380 shares of the business services provider's stock worth $2,604,000 after buying an additional 9,816 shares during the period. 96.03% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
CCRN has been the subject of several recent analyst reports. 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 research report on Tuesday, May 13th. Wall Street Zen initiated coverage on Cross Country Healthcare in a research report on Thursday, May 15th. They issued a "hold" rating for the company. Barrington Research reaffirmed a "market perform" rating and issued a $18.61 target price on shares of Cross Country Healthcare in a research report on Friday, March 14th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $17.93.
Read Our Latest Stock Report on Cross Country Healthcare
Cross Country Healthcare Trading Down 1.8%
CCRN opened at $13.52 on Friday. The stock has a market cap of $443.23 million, a price-to-earnings ratio of -270.35, a PEG 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. The stock has a fifty day moving average price of $14.25 and a 200 day moving average price of $15.54.
Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. The company's revenue was down 22.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 earnings per share. As a group, sell-side analysts forecast that Cross Country Healthcare, Inc. will post 0.53 earnings per share for the current fiscal year.
Cross Country Healthcare Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding CCRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report).
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