Acadian Asset Management LLC Has $1.28 Million Stock Position in Cross Country Healthcare, Inc. $CCRN

Key Points

• Acadian Asset Management LLC significantly reduced its stake in Cross Country Healthcare, Inc. by 82.9% during the first quarter, now holding approximately 0.26% of the company valued at $1.28 million.
• Other institutional investors have shown varied activity, with Millennium Management LLC increasing its position by 657.5%, now owning 405,600 shares worth $7.36 million.
• The stock has received a mixed rating from analysts, with an average price target of $17.93 and a consensus rating of "Hold".

Acadian Asset Management LLC decreased its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 82.9% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 86,072 shares of the business services provider's stock after selling 416,145 shares during the period. Acadian Asset Management LLC owned about 0.26% of Cross Country Healthcare worth $1,280,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Longfellow Investment Management Co. LLC bought a new stake in shares of Cross Country Healthcare during the 1st quarter worth approximately $59,000. AlphaQuest LLC raised its stake in shares of Cross Country Healthcare by 324.6% during the 1st quarter. AlphaQuest LLC now owns 8,297 shares of the business services provider's stock worth $124,000 after purchasing an additional 6,343 shares in the last quarter. Nomura Holdings Inc. bought a new stake in shares of Cross Country Healthcare during the 1st quarter worth approximately $232,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Cross Country Healthcare by 4.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,386 shares of the business services provider's stock worth $334,000 after purchasing an additional 817 shares in the last quarter. Finally, Vident Advisory LLC bought a new stake in shares of Cross Country Healthcare during the 1st quarter worth approximately $392,000. Institutional investors own 96.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CCRN shares. Wall Street Zen upgraded Cross Country Healthcare to a "hold" rating in a research note on Saturday, August 9th. Barrington Research restated a "market perform" rating and issued a $18.61 price target on shares of Cross Country Healthcare in a research note on Tuesday, June 17th. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Cross Country Healthcare has a consensus rating of "Hold" and an average target price of $17.93.

Cross Country Healthcare Price Performance

NASDAQ CCRN traded down $0.12 on Friday, reaching $13.54. The stock had a trading volume of 690,296 shares, compared to its average volume of 408,540. The firm has a fifty day moving average of $13.23 and a two-hundred day moving average of $13.70. Cross Country Healthcare, Inc. has a 1-year low of $9.58 and a 1-year high of $18.33. The company has a market cap of $443.57 million, a P/E ratio of -52.08, a price-to-earnings-growth ratio of 8.08 and a beta of 0.38.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The business services provider reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.08). Cross Country Healthcare had a negative net margin of 0.70% and a positive return on equity of 1.72%. The firm had revenue of $274.07 million during the quarter, compared to analyst estimates of $292.67 million. Research analysts predict that Cross Country Healthcare, Inc. will post 0.53 EPS for the current fiscal year.

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.