Prescott Group Capital Management L.L.C. Purchases New Holdings in Cross Country Healthcare, Inc. $CCRN

Prescott Group Capital Management L.L.C. purchased a new stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 282,910 shares of the business services provider’s stock, valued at approximately $2,292,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its stake in Cross Country Healthcare by 50.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,424 shares of the business services provider’s stock valued at $45,000 after buying an additional 1,142 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Cross Country Healthcare by 422.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,586 shares of the business services provider’s stock valued at $47,000 after buying an additional 2,899 shares in the last quarter. Vazirani Asset Management LLC purchased a new position in Cross Country Healthcare in the 3rd quarter valued at about $142,000. Brooklyn Investment Group lifted its stake in Cross Country Healthcare by 228.9% in the 3rd quarter. Brooklyn Investment Group now owns 10,583 shares of the business services provider’s stock valued at $150,000 after buying an additional 7,365 shares in the last quarter. Finally, Gamco Investors INC. ET AL purchased a new position in Cross Country Healthcare in the 3rd quarter valued at about $160,000. 96.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Cross Country Healthcare in a research note on Friday, March 27th. Cross Research set a $14.00 target price on shares of Cross Country Healthcare in a research note on Thursday, March 5th. Benchmark lowered shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a research note on Friday, May 8th. Wedbush lowered shares of Cross Country Healthcare from an “outperform” rating to a “hold” rating and decreased their target price for the stock from $15.00 to $13.25 in a research note on Thursday, May 7th. Finally, Citigroup lowered shares of Cross Country Healthcare from a “market outperform” rating to a “market perform” rating in a research note on Thursday, May 7th. Nine investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Cross Country Healthcare has a consensus rating of “Reduce” and an average target price of $12.72.

Cross Country Healthcare Price Performance

CCRN opened at $13.11 on Thursday. The company’s 50 day simple moving average is $10.39 and its two-hundred day simple moving average is $9.69. Cross Country Healthcare, Inc. has a 1-year low of $7.43 and a 1-year high of $14.99. The firm has a market capitalization of $423.85 million, a price-to-earnings ratio of -4.30, a price-to-earnings-growth ratio of 13.44 and a beta of 0.35.

Cross Country Healthcare (NASDAQ:CCRN) last released its earnings results on Thursday, May 7th. The business services provider reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $241.06 million for the quarter, compared to analyst estimates of $237.07 million. Cross Country Healthcare had a negative net margin of 9.84% and a negative return on equity of 0.74%. On average, equities analysts anticipate that Cross Country Healthcare, Inc. will post 0.1 earnings per share for the current fiscal year.

About Cross Country Healthcare

Cross Country Healthcare, Inc, headquartered in Boca Raton, Florida, is a leading provider of healthcare workforce solutions in the United States. The company specializes in the recruitment, placement and management of nursing and allied health professionals on both a travel and permanent basis. Through its integrated platform, Cross Country Healthcare serves hospitals, health systems, and long-term care facilities by matching qualified clinical talent with patient care needs across diverse care settings.

The company’s core service offerings include travel nurse and allied health staffing, per diem staffing, permanent placement services, and managed services programs.