Magnetar Financial LLC Buys New Position in Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Magnetar Financial LLC bought a new stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,280,913 shares of the business services provider’s stock, valued at approximately $41,421,000. Magnetar Financial LLC owned 6.95% of Cross Country Healthcare at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CCRN. Alpine Associates Management Inc. bought a new stake in Cross Country Healthcare during the fourth quarter valued at approximately $10,552,000. Jacobs Levy Equity Management Inc. purchased a new position in Cross Country Healthcare during the third quarter valued at approximately $7,350,000. Zweig DiMenna Associates LLC purchased a new position in Cross Country Healthcare during the fourth quarter valued at approximately $6,841,000. ABC Arbitrage SA purchased a new position in Cross Country Healthcare during the fourth quarter valued at approximately $3,038,000. Finally, Dana Investment Advisors Inc. lifted its holdings in Cross Country Healthcare by 36.6% during the fourth quarter. Dana Investment Advisors Inc. now owns 552,875 shares of the business services provider’s stock valued at $10,040,000 after purchasing an additional 148,160 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Benchmark downgraded shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Truist Financial lifted their price target on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a report on Thursday, December 5th. Barrington Research reissued a “market perform” rating and issued a $18.61 target price on shares of Cross Country Healthcare in a report on Friday, March 14th. JMP Securities reissued a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Finally, StockNews.com assumed coverage on shares of Cross Country Healthcare in a report on Thursday. They issued a “hold” rating on the stock. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Cross Country Healthcare presently has a consensus rating of “Hold” and a consensus target price of $18.41.

Cross Country Healthcare Stock Up 0.3 %

Cross Country Healthcare stock opened at $14.94 on Thursday. The company has a market cap of $490.23 million, a price-to-earnings ratio of -298.74, a PEG ratio of 3.32 and a beta of 0.44. The firm’s fifty day moving average is $17.49 and its 200 day moving average is $15.18. Cross Country Healthcare, Inc. has a 52-week low of $9.58 and a 52-week high of $19.18.

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.