Cross Country Healthcare, Inc. (NASDAQ:CCRN) Shares Purchased by Alpine Associates Management Inc.

Alpine Associates Management Inc. lifted its position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) by 115.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,252,524 shares of the business services provider’s stock after purchasing an additional 671,492 shares during the quarter. Alpine Associates Management Inc.’s holdings in Cross Country Healthcare were worth $18,650,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC acquired a new stake in Cross Country Healthcare during the 4th quarter worth approximately $25,000. Guggenheim Capital LLC acquired a new stake in shares of Cross Country Healthcare in the 4th quarter valued at approximately $201,000. Envestnet Asset Management Inc. acquired a new stake in shares of Cross Country Healthcare in the 4th quarter valued at approximately $217,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Cross Country Healthcare by 4.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,386 shares of the business services provider’s stock valued at $334,000 after buying an additional 817 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Cross Country Healthcare by 20.7% in the 4th quarter. Wells Fargo & Company MN now owns 19,657 shares of the business services provider’s stock valued at $357,000 after buying an additional 3,371 shares during the period. 96.03% of the stock is owned by institutional investors and hedge funds.

Cross Country Healthcare Price Performance

NASDAQ CCRN opened at $13.13 on Thursday. The business has a 50 day moving average price of $13.17 and a 200 day moving average price of $14.93. The company has a market capitalization of $430.40 million, a P/E ratio of -24.77, a PEG ratio of 4.31 and a beta of 0.36. Cross Country Healthcare, Inc. has a 1-year low of $9.58 and a 1-year high of $18.50.

Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, topping the consensus estimate 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%. The firm’s revenue for the quarter was down 22.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.19 earnings per share. On average, research analysts expect that Cross Country Healthcare, Inc. will post 0.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CCRN has been the subject of several recent analyst reports. UBS Group reduced their price target on 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 initiated coverage on 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 price target on shares of Cross Country Healthcare in a report on Tuesday, June 17th. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.