Moore Capital Management LP Makes New Investment in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Moore Capital Management LP bought a new position in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 44,700 shares of the business services provider's stock, valued at approximately $812,000. Moore Capital Management LP owned about 0.14% 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 purchased a new stake in Cross Country Healthcare in the fourth quarter worth approximately $25,000. Plato Investment Management Ltd purchased a new stake in Cross Country Healthcare in the fourth quarter worth approximately $46,000. Mint Tower Capital Management B.V. purchased a new stake in Cross Country Healthcare in the fourth quarter worth approximately $182,000. Guggenheim Capital LLC purchased a new stake in Cross Country Healthcare in the fourth quarter worth approximately $201,000. Finally, Envestnet Asset Management Inc. purchased a new stake in Cross Country Healthcare in the fourth quarter worth approximately $217,000. Hedge funds and other institutional investors own 96.03% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of Cross Country Healthcare in a research note on Thursday. They set a "hold" rating on the stock. Barrington Research reissued a "market perform" rating and set a $18.61 price objective on shares of Cross Country Healthcare in a research report on Friday, March 14th. JMP Securities reissued a "market perform" rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Finally, UBS Group cut their price objective on shares of Cross Country Healthcare from $18.61 to $16.50 and set a "neutral" rating for the company in a research report on Tuesday. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $17.93.

Cross Country Healthcare Stock Performance

Shares of CCRN stock traded up $0.04 during mid-day trading on Friday, reaching $13.99. 157,900 shares of the company's stock traded hands, compared to its average volume of 587,978. Cross Country Healthcare, Inc. has a 12 month low of $9.58 and a 12 month high of $18.50. The firm has a 50 day moving average price of $14.40 and a two-hundred day moving average price of $15.47. The firm has a market capitalization of $458.63 million, a PE ratio of -279.74, a price-to-earnings-growth ratio of 3.32 and a beta of 0.38.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last issued its earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. Cross Country Healthcare had a negative net margin of 0.12% and a positive return on equity of 5.38%. Cross Country Healthcare's revenue was down 22.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 earnings per share. As a group, equities analysts expect that Cross Country Healthcare, Inc. will post 0.53 earnings per share for the current fiscal year.

About Cross Country Healthcare

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.