Caxton Associates LLP Makes New Investment in Cross Country Healthcare, Inc. $CCRN

Caxton Associates LLP bought a new stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 205,143 shares of the business services provider’s stock, valued at approximately $2,677,000. Caxton Associates LLP owned approximately 0.63% of Cross Country Healthcare as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its stake in Cross Country Healthcare by 422.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,586 shares of the business services provider’s stock valued at $47,000 after buying an additional 2,899 shares in the last quarter. Moore Capital Management LP boosted its stake in shares of Cross Country Healthcare by 249.9% in the 2nd quarter. Moore Capital Management LP now owns 105,100 shares of the business services provider’s stock valued at $1,372,000 after purchasing an additional 75,061 shares in the last quarter. Man Group plc grew its holdings in shares of Cross Country Healthcare by 3.6% during the 2nd quarter. Man Group plc now owns 105,776 shares of the business services provider’s stock valued at $1,380,000 after purchasing an additional 3,711 shares during the last quarter. LMR Partners LLP bought a new stake in shares of Cross Country Healthcare during the 2nd quarter valued at approximately $544,000. Finally, BNP Paribas Financial Markets increased its position in Cross Country Healthcare by 50.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,424 shares of the business services provider’s stock worth $45,000 after purchasing an additional 1,142 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CCRN. UBS Group cut their target price on shares of Cross Country Healthcare from $16.50 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 9th. Citigroup upgraded Cross Country Healthcare to an “outperform” rating in a research note on Thursday, December 4th. Benchmark restated a “hold” rating on shares of Cross Country Healthcare in a research report on Monday, December 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Cross Country Healthcare in a research report on Monday, December 8th. Finally, Citizens Jmp raised Cross Country Healthcare from a “market perform” rating to an “outperform” rating and set a $11.00 price target on the stock in a research note on Thursday, December 4th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.65.

Cross Country Healthcare Stock Down 1.4%

Shares of NASDAQ:CCRN opened at $8.49 on Monday. The firm has a market cap of $278.13 million, a P/E ratio of -17.33, a P/E/G ratio of 7.90 and a beta of 0.42. Cross Country Healthcare, Inc. has a 12-month low of $7.43 and a 12-month high of $18.30. The business has a fifty day simple moving average of $11.46 and a 200 day simple moving average of $12.61.

Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings results on Wednesday, November 12th. The business services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Cross Country Healthcare had a negative net margin of 1.39% and a positive return on equity of 0.95%. The company had revenue of $250.05 million during the quarter, compared to the consensus estimate of $270.72 million. As a group, equities research analysts expect that Cross Country Healthcare, Inc. will post 0.53 EPS for the current 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.