30,152 Shares in Cross Country Healthcare, Inc. (NASDAQ:CCRN) Bought by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. bought a new position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 30,152 shares of the business services provider’s stock, valued at approximately $548,000. Balyasny Asset Management L.P. owned 0.09% of Cross Country Healthcare at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Magnetar Financial LLC bought a new position in Cross Country Healthcare in the fourth quarter worth $41,421,000. Alliancebernstein L.P. lifted its position in Cross Country Healthcare by 443.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,284,940 shares of the business services provider’s stock worth $23,335,000 after purchasing an additional 1,048,605 shares during the period. Royce & Associates LP lifted its position in Cross Country Healthcare by 3.4% in the fourth quarter. Royce & Associates LP now owns 1,170,945 shares of the business services provider’s stock worth $21,264,000 after purchasing an additional 38,379 shares during the period. American Century Companies Inc. lifted its holdings in shares of Cross Country Healthcare by 9.8% during the fourth quarter. American Century Companies Inc. now owns 1,032,203 shares of the business services provider’s stock valued at $18,745,000 after acquiring an additional 92,114 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Cross Country Healthcare by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 754,368 shares of the business services provider’s stock valued at $13,702,000 after acquiring an additional 2,112 shares during the period. 96.03% of the stock is owned by institutional investors.

Cross Country Healthcare Stock Performance

Shares of NASDAQ:CCRN opened at $13.95 on Friday. Cross Country Healthcare, Inc. has a twelve month low of $9.58 and a twelve month high of $18.50. The firm has a market cap of $457.32 million, a PE ratio of -278.94, a price-to-earnings-growth ratio of 3.32 and a beta of 0.38. The business has a fifty day moving average of $14.43 and a 200-day moving average of $15.46.

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

Analyst Ratings Changes

A number of research analysts have issued reports on CCRN shares. Barrington Research reissued a “market perform” rating and set a $18.61 price objective on shares of Cross Country Healthcare in a report on Friday, March 14th. JMP Securities reissued a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. StockNews.com started coverage on Cross Country Healthcare in a report on Thursday. They set a “hold” rating for the company. Finally, UBS Group cut their price objective on Cross Country Healthcare from $18.61 to $16.50 and set a “neutral” rating for the company in a report on Tuesday. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Cross Country Healthcare has a consensus rating of “Hold” and a consensus price target of $17.93.

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.