GABELLI & Co INVESTMENT ADVISERS INC. Buys Shares of 289,150 Cross Country Healthcare, Inc. (NASDAQ:CCRN)

GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 289,150 shares of the business services provider's stock, valued at approximately $5,251,000. GABELLI & Co INVESTMENT ADVISERS INC. owned approximately 0.88% of Cross Country Healthcare at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCRN. Quadrant Capital Group LLC acquired a new stake in shares of Cross Country Healthcare during the fourth quarter worth $25,000. Plato Investment Management Ltd purchased a new stake in Cross Country Healthcare in the 4th quarter valued at about $46,000. Virtu Financial LLC purchased a new position in shares of Cross Country Healthcare during the 3rd quarter worth about $153,000. Mint Tower Capital Management B.V. acquired a new stake in shares of Cross Country Healthcare in the fourth quarter worth approximately $182,000. Finally, Guggenheim Capital LLC purchased a new stake in Cross Country Healthcare in the fourth quarter valued at approximately $201,000. Hedge funds and other institutional investors own 96.03% of the company's stock.

Cross Country Healthcare Price Performance

Shares of CCRN stock traded down $0.01 on Friday, hitting $14.26. 174,052 shares of the stock traded hands, compared to its average volume of 601,129. The company's fifty day moving average is $15.78 and its 200 day moving average is $15.28. Cross Country Healthcare, Inc. has a 1-year low of $9.58 and a 1-year high of $18.50. The company has a market capitalization of $467.91 million, a PE ratio of -285.14, a PEG ratio of 3.32 and a beta of 0.25.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CCRN. StockNews.com started coverage on shares of Cross Country Healthcare in a report on Sunday, April 13th. They issued a "hold" rating on the stock. JMP Securities reiterated a "market perform" rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Finally, Barrington Research restated a "market perform" rating and set a $18.61 price target on shares of Cross Country Healthcare in a research note on Friday, March 14th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $18.41.

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.