GAMMA Investing LLC Buys 27,575 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

GAMMA Investing LLC lifted its stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 1,164.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,944 shares of the business services provider’s stock after acquiring an additional 27,575 shares during the period. GAMMA Investing LLC owned approximately 0.09% of Cross Country Healthcare worth $446,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CCRN. Magnetar Financial LLC bought a new stake in shares of Cross Country Healthcare during the fourth quarter worth $41,421,000. Alliancebernstein L.P. boosted its holdings in Cross Country Healthcare by 443.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,284,940 shares of the business services provider’s stock worth $23,335,000 after purchasing an additional 1,048,605 shares during the last quarter. AQR Arbitrage LLC acquired a new position in Cross Country Healthcare during the fourth quarter worth $10,851,000. Alpine Associates Management Inc. acquired a new position in Cross Country Healthcare during the fourth quarter worth $10,552,000. Finally, Chicago Capital Management LLC acquired a new stake in Cross Country Healthcare in the fourth quarter valued at $7,300,000. Institutional investors own 96.03% of the company’s stock.

Analyst Ratings Changes

CCRN has been the subject of a number of research reports. UBS Group cut their target price on shares of Cross Country Healthcare from $18.61 to $16.50 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Barrington Research restated a “market perform” rating and issued a $18.61 price target on shares of Cross Country Healthcare in a research report on Tuesday. Finally, Wall Street Zen started coverage on shares of Cross Country Healthcare in a research note on Thursday, May 15th. They issued a “hold” rating for the company. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $17.93.

Cross Country Healthcare Price Performance

Shares of NASDAQ CCRN opened at $14.25 on Friday. The stock has a market capitalization of $467.12 million, a P/E ratio of -26.89, a PEG ratio of 4.37 and a beta of 0.37. Cross Country Healthcare, Inc. has a one year low of $9.58 and a one year high of $18.50. The firm’s 50 day simple moving average is $13.70 and its two-hundred day simple moving average is $15.90.

Cross Country Healthcare (NASDAQ:CCRN) last announced its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Cross Country Healthcare had a positive return on equity of 2.56% and a negative net margin of 1.41%. Cross Country Healthcare’s revenue was down 22.6% on a year-over-year basis. During the same period last year, the business earned $0.19 earnings per share. As a group, equities analysts expect that Cross Country Healthcare, Inc. will post 0.53 earnings per share for the current fiscal year.

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.