Trexquant Investment LP Has $1.75 Million Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Trexquant Investment LP lifted its stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 132.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,597 shares of the business services provider’s stock after acquiring an additional 55,043 shares during the quarter. Trexquant Investment LP’s holdings in Cross Country Healthcare were worth $1,754,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Magnetar Financial LLC acquired a new position in Cross Country Healthcare in the 4th quarter worth about $41,421,000. Alliancebernstein L.P. increased its holdings in Cross Country Healthcare by 443.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,284,940 shares of the business services provider’s stock worth $23,335,000 after buying an additional 1,048,605 shares during the last quarter. Alpine Associates Management Inc. bought a new position in Cross Country Healthcare during the fourth quarter valued at approximately $10,552,000. Chicago Capital Management LLC acquired a new stake in Cross Country Healthcare in the fourth quarter valued at approximately $7,300,000. Finally, Zweig DiMenna Associates LLC bought a new stake in Cross Country Healthcare in the fourth quarter worth approximately $6,841,000. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Cross Country Healthcare Trading Up 2.2 %

NASDAQ CCRN opened at $14.40 on Wednesday. Cross Country Healthcare, Inc. has a 1 year low of $9.58 and a 1 year high of $18.50. The company has a fifty day simple moving average of $16.47 and a 200 day simple moving average of $15.23. The company has a market cap of $472.51 million, a P/E ratio of -287.94, a P/E/G ratio of 3.32 and a beta of 0.25.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. StockNews.com initiated coverage on shares of Cross Country Healthcare in a report on Saturday. They set a “hold” rating on the stock. Barrington Research restated a “market perform” rating and set a $18.61 target price on shares of Cross Country Healthcare in a report on Friday, March 14th. Finally, JMP Securities reiterated a “market perform” rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $18.41.

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.