Ballentine Partners LLC Takes Position in Cross Country Healthcare, Inc. $CCRN

Ballentine Partners LLC bought a new stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,756 shares of the business services provider’s stock, valued at approximately $166,000.

A number of other large investors also recently made changes to their positions in CCRN. Two Sigma Investments LP increased its holdings in shares of Cross Country Healthcare by 21.8% in the 4th quarter. Two Sigma Investments LP now owns 34,733 shares of the business services provider’s stock valued at $631,000 after purchasing an additional 6,215 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Cross Country Healthcare by 7.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 107,333 shares of the business services provider’s stock valued at $1,949,000 after purchasing an additional 7,278 shares during the period. GAMMA Investing LLC increased its holdings in shares of Cross Country Healthcare by 1,164.0% in the 1st quarter. GAMMA Investing LLC now owns 29,944 shares of the business services provider’s stock valued at $446,000 after purchasing an additional 27,575 shares during the period. SummerHaven Investment Management LLC increased its holdings in shares of Cross Country Healthcare by 1.4% in the 1st quarter. SummerHaven Investment Management LLC now owns 57,641 shares of the business services provider’s stock valued at $858,000 after purchasing an additional 789 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Cross Country Healthcare by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 31,821 shares of the business services provider’s stock valued at $474,000 after buying an additional 827 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Cross Country Healthcare Stock Up 3.2%

Shares of CCRN stock opened at $14.20 on Wednesday. Cross Country Healthcare, Inc. has a 12 month low of $9.58 and a 12 month high of $18.33. The firm has a market cap of $465.19 million, a PE ratio of -54.62, a price-to-earnings-growth ratio of 8.21 and a beta of 0.38. The stock has a 50 day moving average of $13.37 and a 200-day moving average of $13.61.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings results on Wednesday, August 6th. The business services provider reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). Cross Country Healthcare had a positive return on equity of 1.72% and a negative net margin of 0.70%.The business had revenue of $274.07 million for the quarter, compared to analyst estimates of $292.67 million. As a group, equities analysts predict that Cross Country Healthcare, Inc. will post 0.53 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on CCRN shares. Wall Street Zen raised Cross Country Healthcare to a “hold” rating in a research note on Saturday, August 9th. Barrington Research reissued a “market perform” rating and issued a $18.61 price target on shares of Cross Country Healthcare in a research note on Tuesday, June 17th. Six research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $17.93.

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.