Should You Buy Cross Country Healthcare, Inc. (CCRN)?

Now, some big names have been driving this bullishness. Columbus Circle Investors assembled the most outsized position in Cross Country Healthcare, Inc. (NASDAQ:CCRN). Columbus Circle Investors had $9.2 million invested in the company at the end of the quarter. Matthew Hulsizer’s PEAK6 Capital Management also made a $1 million investment in the stock during the quarter. The following funds were also among the new CCRN investors: Mike Vranos’s Ellington, Chao Ku’s Nine Chapters Capital Management, and Peter Muller’s PDT Partners.

Let’s go over hedge fund activity in other stocks similar to Cross Country Healthcare, Inc. (NASDAQ:CCRN). These stocks are Ultratech, Inc. (NASDAQ:UTEK), MFS Multimarket Income Trust (NYSE:MMT), GSI Group Inc. (USA) (NASDAQ:GSIG), and Pacific Premier Bancorp, Inc. (NASDAQ:PPBI). This group of stocks’ market valuations are similar to CCRN’s market valuation.

As you can see these stocks had an average of 9.25 hedge funds with bullish positions and the average amount invested in these stocks was $46 million. That figure was $86 million in CCRN’s case. GSI Group Inc. (USA) (NASDAQ:GSIG) is the most popular stock in this table. On the other hand MFS Multimarket Income Trust (NYSE:MMT) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Cross Country Healthcare, Inc. (NASDAQ:CCRN) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.