Northern Trust Corp Purchases 24,877 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Northern Trust Corp increased its position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 386,175 shares of the business services provider’s stock after acquiring an additional 24,877 shares during the quarter. Northern Trust Corp owned about 1.18% of Cross Country Healthcare worth $7,013,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CCRN. Zweig DiMenna Associates LLC acquired a new stake in shares of Cross Country Healthcare during the fourth quarter worth $6,841,000. ABC Arbitrage SA acquired a new position in shares of Cross Country Healthcare during the fourth quarter worth $3,038,000. Ieq Capital LLC bought a new stake in shares of Cross Country Healthcare in the 4th quarter valued at about $231,000. Wolverine Asset Management LLC bought a new stake in shares of Cross Country Healthcare during the 4th quarter valued at about $1,109,000. Finally, Olympiad Research LP bought a new position in shares of Cross Country Healthcare in the 4th quarter worth $1,520,000. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Cross Country Healthcare Price Performance

NASDAQ CCRN opened at $13.94 on Tuesday. The stock has a market capitalization of $457.00 million, a price-to-earnings ratio of -278.74, a PEG ratio of 3.32 and a beta of 0.38. The business’s fifty day moving average price is $14.36 and its 200-day moving average price is $15.54. Cross Country Healthcare, Inc. has a 1-year low of $9.58 and a 1-year high of $18.50.

Cross Country Healthcare (NASDAQ:CCRN) last released 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 positive return on equity of 5.38% and a negative net margin of 0.12%. Cross Country Healthcare’s revenue for the quarter was down 22.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.19 earnings per share. Equities research analysts anticipate that Cross Country Healthcare, Inc. will post 0.53 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. StockNews.com initiated coverage on shares of Cross Country Healthcare in a report on Thursday, May 15th. They set a “hold” rating on the stock. UBS Group reduced their price target on Cross Country Healthcare from $18.61 to $16.50 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. JMP Securities reiterated a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Finally, Barrington Research reaffirmed 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. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.93.

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.