ProShare Advisors LLC Takes Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

ProShare Advisors LLC bought a new position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 24,265 shares of the business services provider's stock, valued at approximately $441,000. ProShare Advisors LLC owned 0.07% of Cross Country Healthcare at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Magnetar Financial LLC acquired a new position in Cross Country Healthcare in the 4th quarter valued at $41,421,000. Alliancebernstein L.P. raised its holdings in 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 acquiring an additional 1,048,605 shares in the last quarter. AQR Arbitrage LLC acquired a new position in Cross Country Healthcare in the 4th quarter valued at $10,851,000. Alpine Associates Management Inc. acquired a new position in Cross Country Healthcare in the 4th quarter valued at $10,552,000. Finally, Chicago Capital Management LLC acquired a new position in Cross Country Healthcare in the 4th quarter valued at $7,300,000. Institutional investors own 96.03% of the company's stock.

Cross Country Healthcare Price Performance

Shares of NASDAQ CCRN traded down $0.10 during mid-day trading on Thursday, hitting $13.33. 166,238 shares of the stock traded hands, compared to its average volume of 582,838. Cross Country Healthcare, Inc. has a twelve month low of $9.58 and a twelve month high of $18.50. The company has a market cap of $437.00 million, a PE ratio of -266.55, a price-to-earnings-growth ratio of 3.32 and a beta of 0.38. The firm has a 50 day simple moving average of $14.10 and a two-hundred day simple moving average of $15.61.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, beating 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%. Cross Country Healthcare's revenue for the quarter was down 22.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.19 EPS. On average, equities research analysts anticipate that Cross Country Healthcare, Inc. will post 0.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Cross Country Healthcare Company 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.