Magnetar Financial LLC Invests $41.42 Million in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Magnetar Financial LLC purchased a new position in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,280,913 shares of the business services provider's stock, valued at approximately $41,421,000. Magnetar Financial LLC owned about 6.95% of Cross Country Healthcare as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Royce & Associates LP increased its holdings in shares of Cross Country Healthcare by 3.4% during the 4th quarter. Royce & Associates LP now owns 1,170,945 shares of the business services provider's stock worth $21,264,000 after acquiring an additional 38,379 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in Cross Country Healthcare during the fourth quarter worth $1,084,000. Inspire Advisors LLC increased its holdings in shares of Cross Country Healthcare by 53.8% in the fourth quarter. Inspire Advisors LLC now owns 34,752 shares of the business services provider's stock valued at $631,000 after purchasing an additional 12,159 shares during the last quarter. Alpine Associates Management Inc. bought a new position in shares of Cross Country Healthcare in the fourth quarter valued at about $10,552,000. Finally, Amundi lifted its stake in shares of Cross Country Healthcare by 385.4% during the 4th quarter. Amundi now owns 26,494 shares of the business services provider's stock worth $483,000 after buying an additional 21,036 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. StockNews.com started coverage on shares of Cross Country Healthcare in a report on Thursday. They issued a "hold" rating on the stock. Barrington Research reiterated 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. Benchmark downgraded Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. Truist Financial increased their price objective on Cross Country Healthcare from $15.00 to $18.61 and gave the stock a "hold" rating in a research report on Thursday, December 5th. Finally, JMP Securities reissued 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.com, Cross Country Healthcare has an average rating of "Hold" and a consensus price target of $18.41.

Cross Country Healthcare Trading Up 0.4 %

Cross Country Healthcare stock traded up $0.06 during trading hours on Monday, reaching $15.00. 198,333 shares of the stock were exchanged, compared to its average volume of 584,420. The stock has a 50 day moving average of $17.36 and a two-hundred day moving average of $15.18. The company has a market cap of $492.20 million, a P/E ratio of -299.94, a price-to-earnings-growth ratio of 3.32 and a beta of 0.44. Cross Country Healthcare, Inc. has a twelve month low of $9.58 and a twelve month high of $19.14.

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.