Tabor Asset Management LP acquired a new position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 200,105 shares of the business services provider's stock, valued at approximately $2,980,000. Cross Country Healthcare comprises approximately 1.1% of Tabor Asset Management LP's holdings, making the stock its 26th largest holding. Tabor Asset Management LP owned 0.61% of Cross Country Healthcare at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC acquired a new stake in Cross Country Healthcare in the 4th quarter valued at about $25,000. Mint Tower Capital Management B.V. acquired a new stake in Cross Country Healthcare in the 4th quarter valued at about $182,000. Guggenheim Capital LLC acquired a new stake in Cross Country Healthcare in the 4th quarter valued at about $201,000. Envestnet Asset Management Inc. acquired a new stake in shares of Cross Country Healthcare during the 4th quarter worth about $217,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Cross Country Healthcare by 4.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,386 shares of the business services provider's stock worth $334,000 after acquiring an additional 817 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company's stock.
Cross Country Healthcare Trading Up 1.8%
NASDAQ CCRN traded up $0.23 during trading on Friday, hitting $12.78. 307,945 shares of the company traded hands, compared to its average volume of 565,587. Cross Country Healthcare, Inc. has a 12 month low of $9.58 and a 12 month high of $18.50. The business has a fifty day simple moving average of $13.23 and a 200 day simple moving average of $15.17. The company has a market capitalization of $418.93 million, a P/E ratio of -24.11, a PEG ratio of 3.92 and a beta of 0.36.
Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last released its quarterly earnings data 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 2.56% and a negative net margin of 1.41%. The business's quarterly revenue was down 22.6% on a year-over-year basis. During the same period last year, the company posted $0.19 EPS. Equities research analysts predict that Cross Country Healthcare, Inc. will post 0.53 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
CCRN has been the topic of a number of recent research reports. Wall Street Zen started coverage on Cross Country Healthcare in a report on Thursday, May 15th. They issued a "hold" rating on the stock. UBS Group cut their price target 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. Finally, Barrington Research reiterated a "market perform" rating and issued a $18.61 target price on shares of Cross Country Healthcare in a research note on Tuesday, June 17th. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $17.93.
Check Out Our Latest Stock Report on Cross Country Healthcare
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.
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