Css LLC Il Takes Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

CSS LLC IL purchased a new position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 45,612 shares of the business services provider's stock, valued at approximately $828,000. CSS LLC IL owned 0.14% of Cross Country Healthcare at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CCRN. Magnetar Financial LLC bought a new position in Cross Country Healthcare in the fourth quarter valued at approximately $41,421,000. Alliancebernstein L.P. lifted its stake in shares of Cross Country Healthcare by 443.7% in the 4th quarter. Alliancebernstein L.P. now owns 1,284,940 shares of the business services provider's stock valued at $23,335,000 after purchasing an additional 1,048,605 shares during the period. Royce & Associates LP boosted its position in shares of Cross Country Healthcare by 3.4% in the 4th quarter. Royce & Associates LP now owns 1,170,945 shares of the business services provider's stock worth $21,264,000 after purchasing an additional 38,379 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Cross Country Healthcare by 9.8% during the fourth quarter. American Century Companies Inc. now owns 1,032,203 shares of the business services provider's stock worth $18,745,000 after purchasing an additional 92,114 shares during the period. 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 purchasing an additional 2,112 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. UBS Group reduced their target price on Cross Country Healthcare from $18.61 to $16.50 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Barrington Research reissued a "market perform" rating and set a $18.61 price objective on shares of Cross Country Healthcare in a research note on Friday, March 14th. Wall Street Zen began coverage on shares of Cross Country Healthcare in a report on Thursday, May 15th. They set a "hold" rating for the company. Finally, JMP Securities reiterated a "market perform" rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating, According to MarketBeat, Cross Country Healthcare presently has an average rating of "Hold" and a consensus price target of $17.93.

Cross Country Healthcare Trading Up 0.8%

Shares of NASDAQ CCRN traded up $0.11 during mid-day trading on Tuesday, reaching $13.63. 56,842 shares of the company's stock were exchanged, compared to its average volume of 583,661. Cross Country Healthcare, Inc. has a twelve month low of $9.58 and a twelve month high of $18.50. The firm has a market capitalization of $446.67 million, a price-to-earnings ratio of -272.07, a PEG ratio of 3.32 and a beta of 0.38. The business has a fifty day simple moving average of $14.19 and a 200 day simple moving average of $15.62.

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