Sagefield Capital LP Takes $1.31 Million Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Sagefield Capital LP acquired a new stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 72,000 shares of the business services provider's stock, valued at approximately $1,308,000. Sagefield Capital LP owned about 0.22% of Cross Country Healthcare as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Amundi boosted its stake in Cross Country Healthcare by 385.4% in the fourth quarter. Amundi now owns 26,494 shares of the business services provider's stock valued at $483,000 after acquiring an additional 21,036 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Cross Country Healthcare by 35.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,719 shares of the business services provider's stock worth $431,000 after purchasing an additional 6,214 shares during the last quarter. Yakira Capital Management Inc. acquired a new position in Cross Country Healthcare during the 4th quarter valued at approximately $1,013,000. Chicago Capital Management LLC bought a new position in Cross Country Healthcare during the 4th quarter worth $7,300,000. Finally, Sei Investments Co. grew its stake in 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 buying an additional 9,816 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company's stock.

Cross Country Healthcare Stock Down 0.4%

Cross Country Healthcare stock traded down $0.06 during trading hours on Thursday, hitting $13.71. 30,034 shares of the company traded hands, compared to its average volume of 583,555. Cross Country Healthcare, Inc. has a 1-year low of $9.58 and a 1-year high of $18.50. The firm has a market cap of $449.45 million, a P/E ratio of -274.15, a P/E/G ratio of 3.32 and a beta of 0.38. The firm's 50-day simple moving average is $14.28 and its two-hundred day simple moving average is $15.52.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, beating 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%. During the same period in the previous year, the firm earned $0.19 earnings per share. The firm's revenue was down 22.6% on a year-over-year basis. On average, equities research analysts predict that Cross Country Healthcare, Inc. will post 0.53 earnings per share for the current year.

Analyst Ratings Changes

CCRN has been the subject of several analyst reports. JMP Securities reissued a "market perform" rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Wall Street Zen started coverage on shares of Cross Country Healthcare in a research note on Thursday, May 15th. They set a "hold" rating for the company. Barrington Research restated 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. Finally, UBS Group dropped their price target on shares of Cross Country Healthcare from $18.61 to $16.50 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $17.93.

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.