Janus Henderson Group PLC Boosts Stock Holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Janus Henderson Group PLC boosted its stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 24.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 133,302 shares of the business services provider's stock after purchasing an additional 26,432 shares during the quarter. Janus Henderson Group PLC owned about 0.41% of Cross Country Healthcare worth $2,421,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC acquired a new stake in shares of Cross Country Healthcare in the 4th quarter valued at about $25,000. Plato Investment Management Ltd bought a new position in Cross Country Healthcare in the fourth quarter worth approximately $46,000. Mint Tower Capital Management B.V. bought a new position in Cross Country Healthcare in the fourth quarter worth approximately $182,000. Guggenheim Capital LLC acquired a new stake in Cross Country Healthcare in the fourth quarter valued at approximately $201,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Cross Country Healthcare during the fourth quarter valued at approximately $217,000. 96.03% of the stock is owned by institutional investors.

Cross Country Healthcare Price Performance

Shares of NASDAQ CCRN remained flat at $13.52 during trading on Monday. 168,837 shares of the stock traded hands, compared to its average volume of 585,761. The company's 50 day moving average price is $14.19 and its two-hundred day moving average price is $15.62. The firm has a market capitalization of $443.23 million, a P/E ratio of -270.35, a PEG ratio of 3.32 and a beta of 0.38. Cross Country Healthcare, Inc. has a 12-month low of $9.58 and a 12-month high of $18.50.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. Cross Country Healthcare had a negative net margin of 0.12% and a positive return on equity of 5.38%. The company's quarterly revenue was down 22.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 EPS. On average, research analysts predict that Cross Country Healthcare, Inc. will post 0.53 earnings per share for the current year.

Analyst Ratings Changes

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

Cross Country Healthcare Profile

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.