Credit Industriel ET Commercial Invests $1.31 Million in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Credit Industriel ET Commercial purchased a new stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 72,000 shares of the business services provider's stock, valued at approximately $1,308,000. Credit Industriel ET Commercial owned about 0.22% of Cross Country Healthcare at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CCRN. Magnetar Financial LLC bought a new stake in shares of Cross Country Healthcare during the 4th quarter valued at about $41,421,000. Alliancebernstein L.P. increased its holdings in Cross Country Healthcare by 443.7% in the 4th quarter. Alliancebernstein L.P. now owns 1,284,940 shares of the business services provider's stock worth $23,335,000 after buying an additional 1,048,605 shares in the last quarter. Alpine Associates Management Inc. bought a new position in Cross Country Healthcare during the 4th quarter valued at about $10,552,000. Chicago Capital Management LLC purchased a new stake in shares of Cross Country Healthcare during the 4th quarter valued at about $7,300,000. Finally, Hsbc Holdings PLC grew its stake in shares of Cross Country Healthcare by 1,023.8% in the fourth quarter. Hsbc Holdings PLC now owns 413,575 shares of the business services provider's stock worth $7,502,000 after acquiring an additional 376,774 shares during the period. 96.03% of the stock is currently owned by institutional investors.

Cross Country Healthcare Stock Up 0.1 %

Shares of NASDAQ:CCRN opened at $14.00 on Thursday. Cross Country Healthcare, Inc. has a 52-week low of $9.58 and a 52-week high of $18.50. The business's 50 day moving average is $15.53 and its 200 day moving average is $15.29. The stock has a market cap of $459.38 million, a P/E ratio of -279.94, a price-to-earnings-growth ratio of 3.32 and a beta of 0.25.

Analyst Ratings Changes

CCRN has been the subject of a number of research analyst reports. StockNews.com assumed coverage on shares of Cross Country Healthcare in a research report on Monday. They issued a "hold" rating for the company. Barrington Research restated a "market perform" rating and set a $18.61 target price on shares of Cross Country Healthcare in a research note on Friday, March 14th. Finally, JMP Securities reissued a "market perform" rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average 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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