Magnetar Financial LLC Acquires Shares of 2,280,913 Cross Country Healthcare, Inc. (NASDAQ:CCRN)

Magnetar Financial LLC acquired a new stake in shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,280,913 shares of the business services provider’s stock, valued at approximately $41,421,000. Magnetar Financial LLC owned about 0.07% of Cross Country Healthcare as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Truvestments Capital LLC bought a new position in Cross Country Healthcare during the third quarter valued at $39,000. Plato Investment Management Ltd bought a new position in Cross Country Healthcare during the fourth quarter valued at $46,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Cross Country Healthcare during the third quarter valued at $49,000. Point72 DIFC Ltd bought a new position in shares of Cross Country Healthcare in the third quarter worth about $52,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Cross Country Healthcare by 14.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,169 shares of the business services provider’s stock worth $137,000 after purchasing an additional 1,250 shares during the last quarter. Institutional investors own 96.03% of the company’s stock.

Analyst Upgrades and Downgrades

CCRN has been the topic of a number of research analyst reports. Barrington Research restated a “market perform” rating and issued a $18.61 price target on shares of Cross Country Healthcare in a report on Friday, March 14th. JMP Securities restated a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. William Blair cut shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. StockNews.com assumed coverage on shares of Cross Country Healthcare in a report on Thursday. They issued a “hold” rating on the stock. Finally, Truist Financial increased their target price on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a report on Thursday, December 5th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $18.41.

Cross Country Healthcare Price Performance

Shares of Cross Country Healthcare stock opened at $14.94 on Thursday. Cross Country Healthcare, Inc. has a 1 year low of $9.58 and a 1 year high of $19.18. The firm’s 50-day moving average is $17.49 and its two-hundred day moving average is $15.18. The stock 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.

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.