Cross Country Healthcare, Inc. (NASDAQ:CCRN) Shares Bought by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. increased its holdings in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 35.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 524,807 shares of the business services provider’s stock after acquiring an additional 136,374 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Cross Country Healthcare were worth $9,530,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CCRN. Quadrant Capital Group LLC purchased a new position in shares of Cross Country Healthcare during the 4th quarter valued at approximately $25,000. Plato Investment Management Ltd acquired a new stake in Cross Country Healthcare in the 4th quarter worth about $46,000. Mint Tower Capital Management B.V. purchased a new stake in Cross Country Healthcare during the 4th quarter worth approximately $182,000. Guggenheim Capital LLC purchased a new position in shares of Cross Country Healthcare in the fourth quarter valued at approximately $201,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Cross Country Healthcare in the fourth quarter worth approximately $217,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

Cross Country Healthcare Trading Up 0.3%

Shares of NASDAQ:CCRN opened at $13.99 on Thursday. The company has a market capitalization of $458.63 million, a price-to-earnings ratio of -279.74, a PEG ratio of 3.32 and a beta of 0.38. The business has a 50-day moving average price of $14.51 and a 200 day moving average price of $15.45. Cross Country Healthcare, Inc. has a 12-month low of $9.58 and a 12-month high of $18.50.

Cross Country Healthcare (NASDAQ:CCRN) last posted its earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share 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%. Cross Country Healthcare’s revenue was down 22.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 earnings per share. As a group, equities research analysts predict that Cross Country Healthcare, Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CCRN shares. StockNews.com initiated coverage on shares of Cross Country Healthcare in a research note on Thursday. They set a “hold” rating on the stock. Barrington Research reaffirmed a “market perform” rating and issued a $18.61 price target on shares of Cross Country Healthcare in a report on Friday, March 14th. UBS Group reduced their price target on Cross Country Healthcare from $18.61 to $16.50 and set a “neutral” rating on the stock in a report on Tuesday. Finally, JMP Securities reissued a “market perform” rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $17.93.

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.