Alliancebernstein L.P. Buys 1,048,605 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Alliancebernstein L.P. increased its position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) by 443.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,284,940 shares of the business services provider's stock after purchasing an additional 1,048,605 shares during the period. Alliancebernstein L.P. owned approximately 3.92% of Cross Country Healthcare worth $23,335,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CCRN. Norges Bank bought a new stake in shares of Cross Country Healthcare in the fourth quarter valued at about $2,027,000. Easterly Investment Partners LLC acquired a new stake in Cross Country Healthcare in the 4th quarter worth about $1,040,000. Mint Tower Capital Management B.V. bought a new stake in Cross Country Healthcare in the 4th quarter valued at about $182,000. Chicago Capital Management LLC acquired a new position in shares of Cross Country Healthcare during the 4th quarter worth approximately $7,300,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Cross Country Healthcare during the fourth quarter worth approximately $592,000. 96.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. JMP Securities reissued a "market perform" rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. StockNews.com started coverage on Cross Country Healthcare in a report on Saturday, April 5th. They set a "hold" rating on the stock. Finally, Barrington Research reaffirmed a "market perform" rating and issued a $18.61 price target on shares of Cross Country Healthcare in a research note on Friday, March 14th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $18.41.

Cross Country Healthcare Stock Down 0.8 %

Shares of CCRN stock traded down $0.11 during trading hours on Friday, reaching $14.33. The company's stock had a trading volume of 203,127 shares, compared to its average volume of 599,073. Cross Country Healthcare, Inc. has a fifty-two week low of $9.58 and a fifty-two week high of $18.50. The firm's 50 day simple moving average is $16.17 and its 200-day simple moving average is $15.24. The company has a market capitalization of $470.21 million, a price-to-earnings ratio of -286.54, a PEG ratio of 3.32 and a beta of 0.25.

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.