Easterly Investment Partners LLC Invests $1.04 Million in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Easterly Investment Partners LLC purchased a new position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 57,256 shares of the business services provider’s stock, valued at approximately $1,040,000. Easterly Investment Partners LLC owned approximately 0.17% of Cross Country Healthcare at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Magnetar Financial LLC bought a new stake in shares of Cross Country Healthcare during the fourth quarter valued at approximately $41,421,000. Alpine Associates Management Inc. purchased a new stake in shares of Cross Country Healthcare during the fourth quarter valued at $10,552,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Cross Country Healthcare during the third quarter valued at approximately $7,350,000. Chicago Capital Management LLC purchased a new stake in Cross Country Healthcare during the 4th quarter valued at $7,300,000. Finally, Zweig DiMenna Associates LLC bought a new position in Cross Country Healthcare in the fourth quarter valued at about $6,841,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Stock Performance

Cross Country Healthcare stock opened at $15.11 on Friday. Cross Country Healthcare, Inc. has a 1 year low of $9.58 and a 1 year high of $19.14. The company’s 50 day simple moving average is $17.11 and its 200-day simple moving average is $15.19. The company has a market capitalization of $495.80 million, a price-to-earnings ratio of -302.14, a price-to-earnings-growth ratio of 3.32 and a beta of 0.44.

Analyst Upgrades and Downgrades

CCRN has been the topic of a number of recent analyst reports. Barrington Research restated a “market perform” rating and set a $18.61 target price on shares of Cross Country Healthcare in a research note on Friday, March 14th. StockNews.com began coverage on shares of Cross Country Healthcare in a research note on Friday. They issued a “hold” rating for the company. Benchmark lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Truist Financial upped their target price on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Finally, JMP Securities reiterated a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Cross Country Healthcare has an average rating of “Hold” and an average 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.