D. E. Shaw & Co. Inc. Grows Stock Holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

D. E. Shaw & Co. Inc. boosted its position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 35.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 524,807 shares of the business services provider’s stock after purchasing an additional 136,374 shares during the quarter. D. E. Shaw & Co. Inc. owned about 1.60% of Cross Country Healthcare worth $9,530,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Balyasny Asset Management L.P. purchased a new position in shares of Cross Country Healthcare during the fourth quarter valued at $548,000. Algert Global LLC boosted its stake in shares of Cross Country Healthcare by 58.3% during the fourth quarter. Algert Global LLC now owns 72,284 shares of the business services provider’s stock valued at $1,313,000 after purchasing an additional 26,623 shares in the last quarter. AQR Arbitrage LLC purchased a new position in Cross Country Healthcare during the fourth quarter valued at approximately $10,851,000. AQR Capital Management LLC lifted its holdings in Cross Country Healthcare by 23.2% during the fourth quarter. AQR Capital Management LLC now owns 325,243 shares of the business services provider’s stock worth $5,906,000 after buying an additional 61,344 shares during the period. Finally, Northern Trust Corp boosted its position in Cross Country Healthcare by 6.9% during the 4th quarter. Northern Trust Corp now owns 386,175 shares of the business services provider’s stock valued at $7,013,000 after acquiring an additional 24,877 shares in the last quarter. 96.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Cross Country Healthcare Stock Up 0.3%

Cross Country Healthcare stock opened at $13.99 on Thursday. Cross Country Healthcare, Inc. has a 52 week low of $9.58 and a 52 week high of $18.50. The stock has a 50-day moving average price of $14.51 and a 200 day moving average price of $15.45. The company has a market capitalization of $458.63 million, a price-to-earnings ratio of -279.74, a price-to-earnings-growth ratio of 3.32 and a beta of 0.38.

Cross Country Healthcare (NASDAQ:CCRN) last issued its earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the firm earned $0.19 earnings per share. The company’s quarterly revenue was down 22.6% on a year-over-year basis. Research analysts anticipate that Cross Country Healthcare, Inc. will post 0.53 EPS for the current fiscal year.

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.