Cross Country Healthcare, Inc. $CCRN Shares Bought by Carlson Capital L.P.

Carlson Capital L.P. boosted its stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 42.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 100,000 shares of the business services provider’s stock after buying an additional 30,000 shares during the period. Cross Country Healthcare makes up 0.5% of Carlson Capital L.P.’s portfolio, making the stock its 10th largest holding. Carlson Capital L.P. owned 0.31% of Cross Country Healthcare worth $1,305,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of CCRN. SummerHaven Investment Management LLC boosted its holdings in shares of Cross Country Healthcare by 1.7% during the second quarter. SummerHaven Investment Management LLC now owns 58,620 shares of the business services provider’s stock worth $765,000 after acquiring an additional 979 shares during the period. Signaturefd LLC boosted its stake in Cross Country Healthcare by 139.9% in the 2nd quarter. Signaturefd LLC now owns 2,193 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 1,279 shares during the period. PenderFund Capital Management Ltd. grew its holdings in Cross Country Healthcare by 5.4% in the 1st quarter. PenderFund Capital Management Ltd. now owns 27,100 shares of the business services provider’s stock valued at $404,000 after buying an additional 1,400 shares in the last quarter. New York Life Investment Management LLC grew its holdings in Cross Country Healthcare by 7.8% in the 2nd quarter. New York Life Investment Management LLC now owns 45,682 shares of the business services provider’s stock valued at $596,000 after buying an additional 3,291 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in Cross Country Healthcare by 12.8% during the 2nd quarter. Franklin Resources Inc. now owns 34,625 shares of the business services provider’s stock worth $452,000 after buying an additional 3,932 shares during the period. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Cross Country Healthcare in a research report on Tuesday. Wall Street Zen raised shares of Cross Country Healthcare to a “hold” rating in a research report on Saturday, August 9th. Finally, Benchmark reiterated a “hold” rating on shares of Cross Country Healthcare in a research note on Friday, November 14th. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Cross Country Healthcare presently has a consensus rating of “Reduce” and an average price target of $17.91.

Cross Country Healthcare Stock Performance

Shares of NASDAQ CCRN opened at $10.67 on Thursday. Cross Country Healthcare, Inc. has a 52 week low of $10.35 and a 52 week high of $18.33. The stock has a market capitalization of $349.55 million, a P/E ratio of -41.04, a PEG ratio of 8.87 and a beta of 0.45. The stock’s fifty day moving average is $12.56 and its 200 day moving average is $13.02.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings data on Wednesday, November 12th. The business services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). Cross Country Healthcare had a positive return on equity of 1.72% and a negative net margin of 0.70%.The firm had revenue of $250.05 million for the quarter, compared to the consensus estimate of $270.72 million. Equities research analysts forecast that Cross Country Healthcare, Inc. will post 0.53 earnings per share for the current year.

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.