ABC Arbitrage SA Takes $3.04 Million Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

ABC Arbitrage SA bought a new stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 167,264 shares of the business services provider's stock, valued at approximately $3,038,000. ABC Arbitrage SA owned approximately 0.51% of Cross Country Healthcare as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in shares of Cross Country Healthcare in the 3rd quarter valued at about $39,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Cross Country Healthcare during the 3rd quarter worth approximately $49,000. Point72 DIFC Ltd purchased a new position in shares of Cross Country Healthcare in the third quarter worth $52,000. Gladius Capital Management LP grew its holdings in shares of Cross Country Healthcare by 83.4% during the third quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider's stock valued at $54,000 after buying an additional 1,812 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of Cross Country Healthcare by 10,909.3% in the third quarter. US Bancorp DE now owns 4,734 shares of the business services provider's stock worth $64,000 after purchasing an additional 4,691 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company's stock.

Cross Country Healthcare Stock Performance

NASDAQ:CCRN traded down $0.02 during mid-day trading on Wednesday, hitting $18.05. 659,312 shares of the company's stock traded hands, compared to its average volume of 425,247. Cross Country Healthcare, Inc. has a 1 year low of $9.58 and a 1 year high of $19.25. The company has a market cap of $592.40 million, a PE ratio of -360.93, a price-to-earnings-growth ratio of 3.34 and a beta of 0.44. The firm's 50 day simple moving average is $18.13 and its 200 day simple moving average is $14.97.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. William Blair lowered Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. Benchmark cut Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 4th. Barrington Research reissued a "market perform" rating on shares of Cross Country Healthcare in a research note on Tuesday, December 10th. StockNews.com started coverage on Cross Country Healthcare in a research report on Sunday. They issued a "hold" rating for the company. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $18.54.

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.