Two Sigma Investments LP Acquires 6,215 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Two Sigma Investments LP lifted its holdings in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 21.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 34,733 shares of the business services provider’s stock after buying an additional 6,215 shares during the period. Two Sigma Investments LP’s holdings in Cross Country Healthcare were worth $631,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. State of Wyoming lifted its stake in shares of Cross Country Healthcare by 90.4% in the 4th quarter. State of Wyoming now owns 51,019 shares of the business services provider’s stock worth $927,000 after purchasing an additional 24,227 shares during the period. Sagefield Capital LP purchased a new stake in Cross Country Healthcare in the 4th quarter worth approximately $1,308,000. ProShare Advisors LLC purchased a new stake in Cross Country Healthcare in the 4th quarter worth approximately $441,000. OMERS ADMINISTRATION Corp purchased a new stake in Cross Country Healthcare in the 4th quarter worth approximately $2,771,000. Finally, Millennium Management LLC increased its holdings in Cross Country Healthcare by 657.5% in the 4th quarter. Millennium Management LLC now owns 405,600 shares of the business services provider’s stock worth $7,366,000 after acquiring an additional 352,056 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Price Performance

Shares of CCRN opened at $12.91 on Monday. Cross Country Healthcare, Inc. has a 1 year low of $9.58 and a 1 year high of $18.50. The company has a 50 day simple moving average of $13.87 and a two-hundred day simple moving average of $15.80. The firm has a market cap of $423.23 million, a P/E ratio of -258.15, a price-to-earnings-growth ratio of 3.32 and a beta of 0.37.

Cross Country Healthcare (NASDAQ:CCRN) last announced its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Cross Country Healthcare had a negative net margin of 0.12% and a positive return on equity of 5.38%. During the same quarter last year, the company posted $0.19 earnings per share. The business’s revenue was down 22.6% on a year-over-year basis. On average, sell-side analysts anticipate that Cross Country Healthcare, Inc. will post 0.53 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. UBS Group reduced 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 report on Tuesday, May 13th. Wall Street Zen assumed coverage on shares of Cross Country Healthcare in a report on Thursday, May 15th. They issued a “hold” rating for the company. Finally, Barrington Research reissued a “market perform” rating and issued a $18.61 target price on shares of Cross Country Healthcare in a report on Friday, March 14th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.