Mint Tower Capital Management B.V. Acquires New Stake in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Mint Tower Capital Management B.V. purchased a new position in Cross Country Healthcare, Inc. (NASDAQ:CCRN) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,000 shares of the business services provider’s stock, valued at approximately $182,000.

A number of other hedge funds also recently bought and sold shares of CCRN. Jane Street Group LLC boosted its holdings in shares of Cross Country Healthcare by 337.6% in the 3rd quarter. Jane Street Group LLC now owns 181,492 shares of the business services provider’s stock valued at $2,439,000 after buying an additional 140,013 shares in the last quarter. PDT Partners LLC purchased a new position in shares of Cross Country Healthcare during the 3rd quarter worth approximately $856,000. Barclays PLC lifted its holdings in Cross Country Healthcare by 117.5% in the third quarter. Barclays PLC now owns 80,277 shares of the business services provider’s stock valued at $1,078,000 after acquiring an additional 43,372 shares during the period. Systematic Financial Management LP grew its position in Cross Country Healthcare by 8.5% during 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 buying an additional 130,746 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in shares of Cross Country Healthcare by 288.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 54,967 shares of the business services provider’s stock worth $739,000 after acquiring an additional 40,799 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Cross Country Healthcare Trading Up 0.3 %

CCRN opened at $15.00 on Thursday. The business has a 50 day moving average of $17.17 and a 200-day moving average of $15.19. Cross Country Healthcare, Inc. has a 1-year low of $9.58 and a 1-year high of $19.14. The stock has a market capitalization of $492.20 million, a price-to-earnings ratio of -299.94, a P/E/G ratio of 3.32 and a beta of 0.44.

Wall Street Analyst Weigh In

CCRN has been the subject of several analyst reports. JMP Securities reissued a “market perform” rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. William Blair cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Barrington Research reiterated a “market perform” rating and issued a $18.61 price target on shares of Cross Country Healthcare in a report on Friday, March 14th. StockNews.com initiated coverage on shares of Cross Country Healthcare in a research note on Thursday, March 20th. They issued a “hold” rating for the company. Finally, Benchmark downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Cross Country Healthcare currently has a consensus rating of “Hold” and an average 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.