Guggenheim Capital LLC Makes New Investment in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Guggenheim Capital LLC purchased a new position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 11,065 shares of the business services provider’s stock, valued at approximately $201,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC bought a new stake in shares of Cross Country Healthcare during the fourth quarter valued at approximately $25,000. Geode Capital Management LLC increased its position in shares of Cross Country Healthcare by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 754,368 shares of the business services provider’s stock valued at $13,702,000 after purchasing an additional 2,112 shares during the period. Plato Investment Management Ltd bought a new stake in shares of Cross Country Healthcare during the fourth quarter valued at approximately $46,000. Wells Fargo & Company MN increased its position in shares of Cross Country Healthcare by 20.7% during the fourth quarter. Wells Fargo & Company MN now owns 19,657 shares of the business services provider’s stock valued at $357,000 after purchasing an additional 3,371 shares during the period. Finally, Sei Investments Co. increased its position in shares of Cross Country Healthcare by 7.3% during the fourth quarter. Sei Investments Co. now owns 143,380 shares of the business services provider’s stock valued at $2,604,000 after purchasing an additional 9,816 shares during the period. 96.03% of the stock is owned by institutional investors.

Cross Country Healthcare Price Performance

Shares of CCRN stock opened at $13.51 on Tuesday. The stock’s fifty day simple moving average is $15.27 and its 200 day simple moving average is $15.36. The firm has a market cap of $442.94 million, a price-to-earnings ratio of -270.15, a P/E/G ratio of 3.32 and a beta of 0.25. Cross Country Healthcare, Inc. has a one year low of $9.58 and a one year high of $18.50.

Wall Street Analyst Weigh In

CCRN has been the topic of a number of research reports. JMP Securities restated a “market perform” rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. StockNews.com assumed coverage on Cross Country Healthcare in a research note on Tuesday. They issued a “hold” rating on the stock. Finally, Barrington Research reaffirmed a “market perform” rating and issued a $18.61 price target on shares of Cross Country Healthcare in a research note on Friday, March 14th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.