GSA Capital Partners LLP bought a new position in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 63,962 shares of the business services provider's stock, valued at approximately $952,000. GSA Capital Partners LLP owned approximately 0.20% of Cross Country Healthcare as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC purchased a new stake in Cross Country Healthcare in the 4th quarter worth approximately $25,000. Guggenheim Capital LLC bought a new position in shares of Cross Country Healthcare during the 4th quarter valued at $201,000. Envestnet Asset Management Inc. bought a new position in shares of Cross Country Healthcare during the 4th quarter valued at $217,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 valued at $334,000 after purchasing an additional 817 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Cross Country Healthcare by 20.7% during the 4th quarter. Wells Fargo & Company MN now owns 19,657 shares of the business services provider's stock valued at $357,000 after purchasing an additional 3,371 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company's stock.
Cross Country Healthcare Trading Up 1.5%
CCRN traded up $0.20 during trading on Monday, hitting $13.24. The stock had a trading volume of 17,972 shares, compared to its average volume of 346,518. The firm has a market cap of $433.97 million, a PE ratio of -24.98, a P/E/G ratio of 4.07 and a beta of 0.35. Cross Country Healthcare, Inc. has a 12 month low of $9.58 and a 12 month high of $18.33. The company has a 50 day simple moving average of $13.16 and a 200-day simple moving average of $14.84.
Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last announced its earnings results on Wednesday, May 7th. The business services provider reported $0.06 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%. During the same period in the prior year, the firm posted $0.19 EPS. The firm's revenue was down 22.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Cross Country Healthcare, Inc. will post 0.53 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on CCRN shares. Wall Street Zen started coverage on shares of Cross Country Healthcare in a report on Thursday, May 15th. They set a "hold" rating on the stock. UBS Group cut 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 report on Tuesday, May 13th. Finally, Barrington Research restated a "market perform" rating and set a $18.61 price target on shares of Cross Country Healthcare in a report on Tuesday, June 17th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat, Cross Country Healthcare presently has an average rating of "Hold" and an average price target of $17.93.
Get Our Latest Stock Report on Cross Country Healthcare
About Cross Country Healthcare
(
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.
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