Hsbc Holdings PLC Boosts Holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Hsbc Holdings PLC boosted its stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 1,023.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 413,575 shares of the business services provider's stock after buying an additional 376,774 shares during the period. Hsbc Holdings PLC owned approximately 1.26% of Cross Country Healthcare worth $7,502,000 at the end of the most recent reporting period.

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

Cross Country Healthcare Trading Up 0.6 %

Shares of CCRN stock traded up $0.08 on Friday, reaching $13.61. The company's stock had a trading volume of 167,388 shares, compared to its average volume of 594,263. The stock's fifty day simple moving average is $14.94 and its 200-day simple moving average is $15.39. 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 $446.22 million, a price-to-earnings ratio of -272.15, a price-to-earnings-growth ratio of 3.32 and a beta of 0.25.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Barrington Research reissued a "market perform" rating and issued a $18.61 target price on shares of Cross Country Healthcare in a research report on Friday, March 14th. JMP Securities restated a "market perform" rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Finally, StockNews.com assumed coverage on shares of Cross Country Healthcare in a research report on Tuesday, April 29th. They issued a "hold" rating for the company. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $18.41.

Cross Country Healthcare 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.