Tabor Asset Management LP Makes New $2.98 Million Investment in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Tabor Asset Management LP acquired a new position in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 200,105 shares of the business services provider's stock, valued at approximately $2,980,000. Tabor Asset Management LP owned 0.61% of Cross Country Healthcare as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Alliancebernstein L.P. increased its holdings in shares of 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 worth $23,335,000 after purchasing an additional 1,048,605 shares in the last quarter. AQR Arbitrage LLC bought a new position in shares of Cross Country Healthcare during the 4th quarter valued at approximately $10,851,000. Chicago Capital Management LLC bought a new position in shares of Cross Country Healthcare during the 4th quarter valued at approximately $7,300,000. Hsbc Holdings PLC grew its stake in shares of Cross Country Healthcare by 1,023.8% during the 4th quarter. Hsbc Holdings PLC now owns 413,575 shares of the business services provider's stock valued at $7,502,000 after acquiring an additional 376,774 shares during the period. Finally, Water Island Capital LLC bought a new position in shares of Cross Country Healthcare during the 4th quarter valued at approximately $6,685,000. Hedge funds and other institutional investors own 96.03% of the company's stock.

Cross Country Healthcare Stock Up 1.6%

Shares of CCRN stock traded up $0.21 on Monday, hitting $12.99. The company had a trading volume of 2,939 shares, compared to its average volume of 563,381. The firm has a market cap of $425.81 million, a P/E ratio of -24.51, a price-to-earnings-growth ratio of 3.92 and a beta of 0.36. The company has a 50-day moving average price of $13.23 and a 200-day moving average price of $15.15. Cross Country Healthcare, Inc. has a twelve month low of $9.58 and a twelve month high of $18.50.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last posted its earnings results on Wednesday, May 7th. The business services provider reported $0.06 EPS for the quarter, topping analysts' consensus estimates 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%. During the same quarter in the previous year, the company earned $0.19 EPS. Cross Country Healthcare's revenue was down 22.6% compared to the same quarter last year. Equities research analysts expect that Cross Country Healthcare, Inc. will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CCRN. Barrington Research restated a "market perform" rating and issued a $18.61 price objective on shares of Cross Country Healthcare in a research report on Tuesday, June 17th. Wall Street Zen assumed coverage on Cross Country Healthcare in a research report on Thursday, May 15th. They issued a "hold" rating on the stock. Finally, UBS Group decreased their target price on Cross Country Healthcare from $18.61 to $16.50 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target 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.

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