AlphaQuest LLC Buys 25,085 Shares of Cross Country Healthcare, Inc. $CCRN

AlphaQuest LLC grew its stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 302.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,382 shares of the business services provider’s stock after acquiring an additional 25,085 shares during the period. AlphaQuest LLC owned about 0.10% of Cross Country Healthcare worth $436,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC grew its position in shares of Cross Country Healthcare by 139.9% during the 2nd quarter. Signaturefd LLC now owns 2,193 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 1,279 shares during the period. Longfellow Investment Management Co. LLC bought a new position in shares of Cross Country Healthcare during the 1st quarter valued at approximately $59,000. Ballentine Partners LLC bought a new position in shares of Cross Country Healthcare during the 2nd quarter valued at approximately $166,000. Nomura Holdings Inc. bought a new position in shares of Cross Country Healthcare during the 1st quarter valued at approximately $232,000. Finally, Vident Advisory LLC bought a new position in shares of Cross Country Healthcare during the 1st quarter valued at approximately $392,000. 96.03% of the stock is owned by institutional investors.

Cross Country Healthcare Trading Down 3.0%

CCRN opened at $12.12 on Thursday. The company has a 50 day moving average of $13.20 and a 200 day moving average of $13.32. The company has a market cap of $397.05 million, a PE ratio of -46.62, a price-to-earnings-growth ratio of 9.14 and a beta of 0.39. Cross Country Healthcare, Inc. has a 12 month low of $9.58 and a 12 month high of $18.33.

Cross Country Healthcare (NASDAQ:CCRN) last posted its earnings results on Wednesday, August 6th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $274.07 million during the quarter, compared to analysts’ expectations of $292.67 million. Research analysts forecast that Cross Country Healthcare, Inc. will post 0.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CCRN. Wall Street Zen raised shares of Cross Country Healthcare to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cross Country Healthcare in a report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Cross Country Healthcare has a consensus rating of “Reduce” 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.