Squarepoint Ops LLC lifted its holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 508.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 255,362 shares of the business services provider's stock after buying an additional 213,416 shares during the quarter. Squarepoint Ops LLC owned about 0.78% of Cross Country Healthcare worth $4,637,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC acquired a new position in shares of Cross Country Healthcare in the 4th quarter valued at approximately $25,000. Plato Investment Management Ltd acquired a new position in Cross Country Healthcare during the 4th quarter worth approximately $46,000. Mint Tower Capital Management B.V. acquired a new position in Cross Country Healthcare during the 4th quarter worth approximately $182,000. Guggenheim Capital LLC acquired a new position in Cross Country Healthcare during the 4th quarter worth approximately $201,000. Finally, Envestnet Asset Management Inc. acquired a new position in Cross Country Healthcare during the 4th quarter worth approximately $217,000. 96.03% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
CCRN has been the subject of a number of recent research reports. JMP Securities reaffirmed a "market perform" rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Wall Street Zen assumed coverage on Cross Country Healthcare in a research note on Thursday, May 15th. They set a "hold" rating on the stock. UBS Group dropped 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, 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 Friday, March 14th. Seven equities research 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.
View Our Latest Analysis on Cross Country Healthcare
Cross Country Healthcare Stock Performance
CCRN traded up $0.02 during trading hours on Friday, reaching $13.35. The company's stock had a trading volume of 41,071 shares, compared to its average volume of 580,697. Cross Country Healthcare, Inc. has a 52 week low of $9.58 and a 52 week high of $18.50. The company's 50-day moving average is $14.10 and its 200-day moving average is $15.61. The firm has a market cap of $437.49 million, a PE ratio of -266.85, a price-to-earnings-growth ratio of 3.32 and a beta of 0.38.
Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last issued 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 positive return on equity of 5.38% and a negative net margin of 0.12%. During the same period last year, the business posted $0.19 EPS. The company's revenue was down 22.6% on a year-over-year basis. Equities analysts anticipate that Cross Country Healthcare, Inc. will post 0.53 earnings per share for the current fiscal year.
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.
Recommended Stories
Before you consider Cross Country Healthcare, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cross Country Healthcare wasn't on the list.
While Cross Country Healthcare currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
