BCK Capital Management LP Buys Shares of 59,250 Cross Country Healthcare, Inc. (NASDAQ:CCRN)

BCK Capital Management LP bought a new stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 59,250 shares of the business services provider’s stock, valued at approximately $1,076,000. Cross Country Healthcare makes up approximately 0.8% of BCK Capital Management LP’s holdings, making the stock its 26th largest holding.

Several other institutional investors also recently bought and sold shares of the stock. CSS LLC IL bought a new position in Cross Country Healthcare during the fourth quarter valued at about $828,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Cross Country Healthcare by 7.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 107,333 shares of the business services provider’s stock valued at $1,949,000 after buying an additional 7,278 shares in the last quarter. Squarepoint Ops LLC increased its stake in shares of Cross Country Healthcare by 508.8% in the fourth quarter. Squarepoint Ops LLC now owns 255,362 shares of the business services provider’s stock worth $4,637,000 after purchasing an additional 213,416 shares during the period. Two Sigma Investments LP increased its stake in shares of Cross Country Healthcare by 21.8% in the fourth quarter. Two Sigma Investments LP now owns 34,733 shares of the business services provider’s stock worth $631,000 after purchasing an additional 6,215 shares during the period. Finally, State of Wyoming increased its stake in shares of Cross Country Healthcare by 90.4% in the fourth quarter. State of Wyoming now owns 51,019 shares of the business services provider’s stock worth $927,000 after purchasing an additional 24,227 shares during the period. 96.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CCRN has been the topic of a number of recent analyst reports. Barrington Research reiterated a “market perform” rating and issued a $18.61 price objective on shares of Cross Country Healthcare in a research note on Friday, March 14th. UBS Group dropped their price objective on 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. JMP Securities reiterated a “market perform” rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Finally, Wall Street Zen initiated coverage on Cross Country Healthcare in a research note on Thursday, May 15th. They issued a “hold” rating on the stock. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Cross Country Healthcare has a consensus rating of “Hold” and an average price target of $17.93.

Cross Country Healthcare Stock Down 1.8%

CCRN stock opened at $13.52 on Friday. Cross Country Healthcare, Inc. has a twelve month low of $9.58 and a twelve month high of $18.50. The company has a market cap of $443.23 million, a PE ratio of -270.35, a price-to-earnings-growth ratio of 3.32 and a beta of 0.38. The business’s 50-day simple moving average is $14.25 and its 200 day simple moving average is $15.54.

Cross Country Healthcare (NASDAQ:CCRN) last released its earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Cross Country Healthcare had a positive return on equity of 5.38% and a negative net margin of 0.12%. During the same quarter in the prior year, the firm earned $0.19 EPS. The company’s revenue for the quarter was down 22.6% compared to the same quarter last year. On average, equities research analysts anticipate that Cross Country Healthcare, Inc. will post 0.53 EPS for the current 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.