Northern Trust Corp Boosts Stock Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Northern Trust Corp lifted its stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 386,175 shares of the business services provider's stock after buying an additional 24,877 shares during the quarter. Northern Trust Corp owned about 1.18% of Cross Country Healthcare worth $7,013,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Quadrant Capital Group LLC acquired a new position in shares of Cross Country Healthcare in the fourth quarter valued at approximately $25,000. Plato Investment Management Ltd acquired a new position in Cross Country Healthcare in the 4th quarter valued at $46,000. Mint Tower Capital Management B.V. acquired a new stake in Cross Country Healthcare during the fourth quarter worth about $182,000. Guggenheim Capital LLC acquired a new stake in Cross Country Healthcare during the fourth quarter worth about $201,000. Finally, Envestnet Asset Management Inc. acquired a new stake in Cross Country Healthcare during the fourth quarter worth about $217,000. Institutional investors and hedge funds own 96.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CCRN. JMP Securities restated a "market perform" rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Barrington Research restated a "market perform" rating and set a $18.61 price objective on shares of Cross Country Healthcare in a research report on Friday, March 14th. UBS Group reduced their price objective on Cross Country Healthcare from $18.61 to $16.50 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Finally, Wall Street Zen started coverage on Cross Country Healthcare in a research note on Thursday, May 15th. They issued a "hold" rating on the stock. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Cross Country Healthcare has an average rating of "Hold" and a consensus target price of $17.93.

Cross Country Healthcare Stock Performance

Shares of NASDAQ:CCRN remained flat at $13.52 during trading on Friday. 168,837 shares of the stock were exchanged, compared to its average volume of 585,761. The business's 50 day moving average is $14.22 and its two-hundred day moving average is $15.60. Cross Country Healthcare, Inc. has a 12 month low of $9.58 and a 12 month high of $18.50. The stock has a market capitalization of $443.23 million, a PE ratio of -270.35, a price-to-earnings-growth ratio of 3.32 and a beta of 0.38.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 EPS for the quarter, beating analysts' consensus estimates 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%. During the same period last year, the company posted $0.19 EPS. The business's revenue was down 22.6% on a year-over-year basis. As a group, research analysts predict that Cross Country Healthcare, Inc. will post 0.53 earnings per share for the current 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.