Cross Country Healthcare, Inc. (NASDAQ:CCRN) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 65.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 88,200 shares of the business services provider's stock after selling 166,099 shares during the quarter. Renaissance Technologies LLC owned 0.27% of Cross Country Healthcare worth $1,602,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Barclays PLC boosted its stake in shares of Cross Country Healthcare by 117.5% in 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 last quarter. Virtu Financial LLC purchased a new stake in Cross Country Healthcare in the 3rd quarter worth approximately $153,000. Zweig DiMenna Associates LLC acquired a new stake in shares of Cross Country Healthcare during the 4th quarter worth approximately $6,841,000. ABC Arbitrage SA purchased a new position in shares of Cross Country Healthcare during the 4th quarter valued at approximately $3,038,000. Finally, Ieq Capital LLC acquired a new position in shares of Cross Country Healthcare in the 4th quarter valued at $231,000. 96.03% of the stock is owned by institutional investors and hedge funds.

Cross Country Healthcare Stock Performance

Shares of CCRN stock traded up $0.02 on Friday, hitting $13.55. 45,948 shares of the stock traded hands, compared to its average volume of 595,676. The stock has a market capitalization of $444.25 million, a PE ratio of -270.95, a PEG ratio of 3.32 and a beta of 0.25. The firm's 50-day moving average price is $15.01 and its two-hundred day moving average price is $15.34. Cross Country Healthcare, Inc. has a twelve month low of $9.58 and a twelve month high of $18.50.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CCRN. Barrington Research reiterated a "market perform" rating and issued a $18.61 price objective on shares of Cross Country Healthcare in a research report on Friday, March 14th. StockNews.com began coverage on shares of Cross Country Healthcare in a research report on Tuesday. They set a "hold" rating for the company. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target 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.