Moore Capital Management LP Buys New Shares in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Moore Capital Management LP purchased a new position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 44,700 shares of the business services provider’s stock, valued at approximately $812,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Janus Henderson Group PLC grew its holdings in Cross Country Healthcare by 24.7% during the fourth quarter. Janus Henderson Group PLC now owns 133,302 shares of the business services provider’s stock worth $2,421,000 after purchasing an additional 26,432 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in Cross Country Healthcare by 35.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 524,807 shares of the business services provider’s stock worth $9,530,000 after purchasing an additional 136,374 shares during the period. Balyasny Asset Management L.P. bought a new position in Cross Country Healthcare during the fourth quarter worth about $548,000. Algert Global LLC grew its holdings in 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 worth $1,313,000 after purchasing an additional 26,623 shares during the period. Finally, AQR Arbitrage LLC bought a new position in Cross Country Healthcare during the fourth quarter worth about $10,851,000. Institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Stock Up 0.2%

Shares of NASDAQ:CCRN opened at $13.95 on Wednesday. Cross Country Healthcare, Inc. has a 12-month low of $9.58 and a 12-month high of $18.50. The stock has a market cap of $457.32 million, a PE ratio of -278.94, a P/E/G ratio of 3.32 and a beta of 0.38. The business has a 50 day moving average of $14.55 and a 200-day moving average of $15.46.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 earnings per share (EPS) 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 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. Equities research analysts expect that Cross Country Healthcare, Inc. will post 0.53 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JMP Securities reiterated a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. UBS Group reduced their price target on Cross Country Healthcare from $18.61 to $16.50 and set a “neutral” rating for the company in a report on Tuesday. Barrington Research restated a “market perform” rating and set a $18.61 price objective on shares of Cross Country Healthcare in a report on Friday, March 14th. Finally, StockNews.com assumed coverage on Cross Country Healthcare in a report on Wednesday, May 7th. They set a “hold” rating for the company. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Cross Country Healthcare currently has an average rating of “Hold” and a consensus target price of $17.93.

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.