Squarepoint Ops LLC Purchases 213,416 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Squarepoint Ops LLC boosted its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 508.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 255,362 shares of the business services provider's stock after purchasing 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 reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Cross Country Healthcare by 4.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,386 shares of the business services provider's stock valued at $334,000 after buying an additional 817 shares in the last quarter. Quadrant Capital Group LLC acquired a new position in Cross Country Healthcare in the 4th quarter valued at $25,000. Geode Capital Management LLC lifted its position in shares of Cross Country Healthcare by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 754,368 shares of the business services provider's stock valued at $13,702,000 after acquiring an additional 2,112 shares during the period. Plato Investment Management Ltd bought a new stake in shares of Cross Country Healthcare during the 4th quarter valued at $46,000. Finally, Wells Fargo & Company MN lifted its position 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 acquiring an additional 3,371 shares during the period. 96.03% of the stock is owned by institutional investors and hedge funds.

Cross Country Healthcare Stock Down 0.7%

Shares of NASDAQ CCRN traded down $0.10 during midday trading on Wednesday, reaching $13.43. 237,824 shares of the company were exchanged, compared to its average volume of 582,860. The stock's 50-day moving average price is $14.14 and its 200-day moving average price is $15.59. The stock has a market cap of $440.28 million, a P/E ratio of -268.55, a PEG ratio of 3.32 and a beta of 0.38. Cross Country Healthcare, Inc. has a one year low of $9.58 and a one year high of $18.50.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, beating the consensus estimate 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 in the previous year, the business earned $0.19 earnings per share. The company's revenue was down 22.6% on a year-over-year basis. On average, equities research analysts anticipate that Cross Country Healthcare, Inc. will post 0.53 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. JMP Securities reiterated a "market perform" rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Wall Street Zen started coverage on Cross Country Healthcare in a research report on Thursday, May 15th. They set a "hold" rating for the company. UBS Group decreased their price objective on shares of 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 reissued a "market perform" rating and issued a $18.61 price objective on shares of Cross Country Healthcare in a research note on Friday, March 14th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.