Marshall Wace LLP Increases Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Marshall Wace LLP lifted its holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 714.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 93,543 shares of the business services provider's stock after purchasing an additional 82,063 shares during the period. Marshall Wace LLP owned approximately 0.29% of Cross Country Healthcare worth $1,699,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CCRN. Barclays PLC increased its stake in shares of Cross Country Healthcare by 117.5% during the third quarter. Barclays PLC now owns 80,277 shares of the business services provider's stock worth $1,078,000 after buying an additional 43,372 shares during the period. Amundi grew its holdings in Cross Country Healthcare by 385.4% during the 4th quarter. Amundi now owns 26,494 shares of the business services provider's stock worth $483,000 after acquiring an additional 21,036 shares in the last quarter. Yakira Capital Management Inc. purchased a new stake in shares of Cross Country Healthcare in the 4th quarter valued at approximately $1,013,000. Chicago Capital Management LLC acquired a new stake in shares of Cross Country Healthcare in the 4th quarter valued at $7,300,000. Finally, Sei Investments Co. lifted its position in shares of Cross Country Healthcare by 7.3% during the 4th quarter. Sei Investments Co. now owns 143,380 shares of the business services provider's stock worth $2,604,000 after purchasing an additional 9,816 shares during the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CCRN has been the topic of a number of analyst reports. JMP Securities restated a "market perform" rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Barrington Research reiterated a "market perform" rating and issued a $18.61 price objective on shares of Cross Country Healthcare in a report on Friday, March 14th. Finally, StockNews.com initiated coverage on Cross Country Healthcare in a research note on Tuesday, April 29th. They set a "hold" rating for the company. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $18.41.

Cross Country Healthcare Stock Performance

Shares of CCRN stock traded up $0.08 during mid-day trading on Friday, hitting $13.61. 167,388 shares of the stock were exchanged, compared to its average volume of 594,263. The stock's fifty day simple moving average is $14.94 and its two-hundred day simple moving average is $15.39. Cross Country Healthcare, Inc. has a 12-month low of $9.58 and a 12-month high of $18.50. The stock has a market capitalization of $446.22 million, a price-to-earnings ratio of -272.15, a P/E/G ratio of 3.32 and a beta of 0.25.

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.