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

Yakira Capital Management Inc. purchased a new stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 55,776 shares of the business services provider’s stock, valued at approximately $1,013,000. Yakira Capital Management Inc. owned approximately 0.17% of Cross Country Healthcare as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Magnetar Financial LLC purchased a new position in Cross Country Healthcare in the fourth quarter valued at about $41,421,000. Alliancebernstein L.P. grew its stake in shares of Cross Country Healthcare by 443.7% in the 4th quarter. Alliancebernstein L.P. now owns 1,284,940 shares of the business services provider’s stock valued at $23,335,000 after buying an additional 1,048,605 shares in the last quarter. Alpine Associates Management Inc. acquired a new position in Cross Country Healthcare in the fourth quarter worth approximately $10,552,000. Chicago Capital Management LLC bought a new position in Cross Country Healthcare during the fourth quarter valued at approximately $7,300,000. Finally, Zweig DiMenna Associates LLC acquired a new stake in Cross Country Healthcare in the fourth quarter valued at approximately $6,841,000. 96.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CCRN shares. JMP Securities restated a “market perform” rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. StockNews.com began coverage on Cross Country Healthcare in a report on Saturday. They set a “hold” rating on the stock. Finally, Barrington Research reaffirmed a “market perform” rating and issued a $18.61 price target on shares of Cross Country Healthcare in a research report on Friday, March 14th. Six analysts have rated the stock with a hold rating, According to MarketBeat, Cross Country Healthcare presently has an average rating of “Hold” and a consensus price target of $18.41.

Cross Country Healthcare Trading Down 2.2 %

NASDAQ:CCRN opened at $14.51 on Friday. The firm has a market capitalization of $476.12 million, a PE ratio of -290.14, a PEG ratio of 3.32 and a beta of 0.25. Cross Country Healthcare, Inc. has a 1 year low of $9.58 and a 1 year high of $18.50. The firm’s fifty day simple moving average is $16.70 and its 200 day simple moving average is $15.24.

About Cross Country Healthcare

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.