KLP Kapitalforvaltning AS Acquires New Stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

KLP Kapitalforvaltning AS purchased a new position in Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 32,600 shares of the business services provider's stock, valued at approximately $592,000. KLP Kapitalforvaltning AS owned approximately 0.10% of Cross Country Healthcare as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CCRN. Jane Street Group LLC lifted its holdings in Cross Country Healthcare by 337.6% during the 3rd quarter. Jane Street Group LLC now owns 181,492 shares of the business services provider's stock worth $2,439,000 after buying an additional 140,013 shares during the last quarter. Barclays PLC lifted its stake in Cross Country Healthcare by 117.5% during the third quarter. Barclays PLC now owns 80,277 shares of the business services provider's stock worth $1,078,000 after purchasing an additional 43,372 shares during the last quarter. Systematic Financial Management LP boosted its holdings in Cross Country Healthcare by 8.5% in the third quarter. Systematic Financial Management LP now owns 1,662,730 shares of the business services provider's stock worth $22,347,000 after purchasing an additional 130,746 shares during the period. BNP Paribas Financial Markets increased its stake in Cross Country Healthcare by 288.0% during the third quarter. BNP Paribas Financial Markets now owns 54,967 shares of the business services provider's stock valued at $739,000 after purchasing an additional 40,799 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Cross Country Healthcare during the third quarter valued at $681,000. 96.03% of the stock is owned by institutional investors.

Cross Country Healthcare Trading Down 2.9 %

NASDAQ:CCRN traded down $0.42 during mid-day trading on Monday, hitting $14.09. The stock had a trading volume of 409,428 shares, compared to its average volume of 597,170. Cross Country Healthcare, Inc. has a 52 week low of $9.58 and a 52 week high of $18.50. The stock has a market capitalization of $462.34 million, a price-to-earnings ratio of -281.74, a P/E/G ratio of 3.32 and a beta of 0.25. The company has a 50 day simple moving average of $16.62 and a 200-day simple moving average of $15.24.

Wall Street Analysts Forecast Growth

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

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.