345,600 Shares in Cross Country Healthcare, Inc. (NASDAQ:CCRN) Bought by Gabelli Funds LLC

Gabelli Funds LLC acquired a new stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 345,600 shares of the business services provider's stock, valued at approximately $6,276,000. Gabelli Funds LLC owned approximately 1.05% of Cross Country Healthcare at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC bought a new stake in shares of Cross Country Healthcare in the fourth quarter valued at about $25,000. Geode Capital Management LLC lifted its stake in Cross Country Healthcare by 0.3% in the 4th 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 in the last quarter. Plato Investment Management Ltd bought a new stake in Cross Country Healthcare in the 4th quarter valued at approximately $46,000. Wells Fargo & Company MN boosted its position in Cross Country Healthcare by 20.7% during the 4th quarter. Wells Fargo & Company MN now owns 19,657 shares of the business services provider's stock worth $357,000 after acquiring an additional 3,371 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Cross Country Healthcare by 0.5% during the 3rd quarter. State Street Corp now owns 1,334,353 shares of the business services provider's stock worth $17,934,000 after acquiring an additional 6,582 shares in the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

Cross Country Healthcare Price Performance

Shares of CCRN stock opened at $14.26 on Friday. The company has a fifty day moving average price of $15.86 and a two-hundred day moving average price of $15.25. Cross Country Healthcare, Inc. has a one year low of $9.58 and a one year high of $18.50. The stock has a market cap of $467.91 million, a P/E ratio of -285.14, a P/E/G ratio of 3.32 and a beta of 0.25.

Wall Street Analysts Forecast Growth

CCRN has been the subject of several recent research reports. Barrington Research restated a "market perform" rating and set a $18.61 target price on shares of Cross Country Healthcare in a report on Friday, March 14th. StockNews.com initiated coverage on shares of Cross Country Healthcare in a research note on Sunday, April 13th. They set a "hold" rating for the company. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $18.41.

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.

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