Yakira Capital Management Inc. Makes New $1.01 Million Investment in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Yakira Capital Management Inc. acquired a new stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 55,776 shares of the business services provider's stock, valued at approximately $1,013,000. Yakira Capital Management Inc. owned about 0.17% of Cross Country Healthcare at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Cross Country Healthcare by 14.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,169 shares of the business services provider's stock valued at $137,000 after acquiring an additional 1,250 shares during the last quarter. Quadrant Capital Group LLC bought a new position in Cross Country Healthcare during the fourth quarter valued at approximately $25,000. Geode Capital Management LLC lifted its position in Cross Country Healthcare by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 754,368 shares of the business services provider's stock valued at $13,702,000 after purchasing an additional 2,112 shares during the period. Plato Investment Management Ltd purchased a new stake in Cross Country Healthcare in the fourth quarter worth approximately $46,000. Finally, Wells Fargo & Company MN grew its position in Cross Country Healthcare by 20.7% in the 4th quarter. Wells Fargo & Company MN now owns 19,657 shares of the business services provider's stock worth $357,000 after purchasing an additional 3,371 shares during the period. 96.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Cross Country Healthcare Price Performance

Shares of CCRN stock traded down $0.04 during trading hours on Friday, reaching $14.41. 63,442 shares of the company traded hands, compared to its average volume of 597,007. The firm has a 50-day moving average price of $16.25 and a 200 day moving average price of $15.24. The company has a market cap of $472.67 million, a P/E ratio of -289.08, a P/E/G ratio of 3.32 and a beta of 0.25. Cross Country Healthcare, Inc. has a 12-month low of $9.58 and a 12-month high of $18.50.

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.