GSA Capital Partners LLP Buys Shares of 63,962 Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Key Points

• GSA Capital Partners LLP has acquired 63,962 shares of Cross Country Healthcare, Inc., valued at approximately $952,000, during the first quarter.
• Cross Country Healthcare stock has decreased by 3.0%, trading at $13.04, with a market capitalization of $427.49 million.
• Analysts have set a consensus target price of $17.93 for Cross Country Healthcare, with a majority rating the stock as a "hold".

GSA Capital Partners LLP bought a new position in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 63,962 shares of the business services provider's stock, valued at approximately $952,000. GSA Capital Partners LLP owned about 0.20% of Cross Country Healthcare as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Alliancebernstein L.P. raised its holdings in shares of 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 valued at $23,335,000 after buying an additional 1,048,605 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Cross Country Healthcare by 0.3% during 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 during the last quarter. AQR Arbitrage LLC bought a new stake in shares of Cross Country Healthcare during the fourth quarter valued at approximately $10,851,000. D. E. Shaw & Co. Inc. raised its holdings in shares of Cross Country Healthcare by 35.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 524,807 shares of the business services provider's stock valued at $9,530,000 after buying an additional 136,374 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of Cross Country Healthcare by 1,023.8% during the fourth quarter. Hsbc Holdings PLC now owns 413,575 shares of the business services provider's stock valued at $7,502,000 after buying an additional 376,774 shares during the last quarter. Institutional investors own 96.03% of the company's stock.

Cross Country Healthcare Stock Down 3.0%

Cross Country Healthcare stock traded down $0.41 during mid-day trading on Friday, hitting $13.04. The company's stock had a trading volume of 293,002 shares, compared to its average volume of 240,179. The stock has a market capitalization of $427.49 million, a P/E ratio of -24.60, a P/E/G ratio of 4.20 and a beta of 0.36. Cross Country Healthcare, Inc. has a twelve month low of $9.58 and a twelve month high of $18.33. The stock's fifty day moving average price is $13.17 and its two-hundred day moving average price is $14.90.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. Cross Country Healthcare had a negative net margin of 1.41% and a positive return on equity of 2.56%. The business's revenue for the quarter was down 22.6% on a year-over-year basis. During the same period last year, the business earned $0.19 EPS. Equities analysts expect that Cross Country Healthcare, Inc. will post 0.53 earnings per share for the current year.

Wall Street Analyst Weigh In

CCRN has been the topic of a number of recent analyst reports. UBS Group cut their price target 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. Wall Street Zen assumed coverage on shares of Cross Country Healthcare in a research note on Thursday, May 15th. They set a "hold" rating on the stock. Finally, Barrington Research reiterated a "market perform" rating and set a $18.61 price objective on shares of Cross Country Healthcare in a research note on Tuesday, June 17th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Cross Country Healthcare presently has a consensus rating of "Hold" and a consensus target price of $17.93.

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.