Cross Country Healthcare, Inc. (NASDAQ:CCRN) has been given an average recommendation of “Hold” by the nine analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $16.08.
CCRN has been the subject of a number of analyst reports. Zacks Investment Research upgraded Cross Country Healthcare from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Benchmark Co. restated a “buy” rating and set a $17.00 price objective (down previously from $18.00) on shares of Cross Country Healthcare in a research report on Wednesday, August 9th. BidaskClub lowered Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, TheStreet upgraded Cross Country Healthcare from a “c+” rating to a “b” rating in a research report on Wednesday, September 27th.
In other Cross Country Healthcare news, insider William J. Grubbs sold 49,113 shares of the business’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $12.16, for a total transaction of $597,214.08. Following the completion of the transaction, the insider now owns 395,188 shares in the company, valued at approximately $4,805,486.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.90% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Crossmark Global Holdings Inc. acquired a new position in Cross Country Healthcare during the 3rd quarter worth $285,000. Strs Ohio boosted its position in Cross Country Healthcare by 69.5% during the 3rd quarter. Strs Ohio now owns 16,100 shares of the business services provider’s stock worth $229,000 after acquiring an additional 6,600 shares during the period. Eqis Capital Management Inc. acquired a new position in Cross Country Healthcare during the 3rd quarter worth $397,000. Benefit Street Partners LLC boosted its position in Cross Country Healthcare by 30.9% during the 2nd quarter. Benefit Street Partners LLC now owns 1,544,440 shares of the business services provider’s stock worth $19,939,000 after acquiring an additional 364,229 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in Cross Country Healthcare by 13.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,772 shares of the business services provider’s stock worth $372,000 after acquiring an additional 3,371 shares during the period. Institutional investors own 95.62% of the company’s stock.
Cross Country Healthcare (CCRN) traded up 0.50% during midday trading on Friday, hitting $13.98. The stock had a trading volume of 140,807 shares. The stock has a 50-day moving average price of $13.39 and a 200 day moving average price of $12.80. Cross Country Healthcare has a one year low of $10.88 and a one year high of $16.38. The firm has a market cap of $510.19 million, a PE ratio of 51.59 and a beta of 0.84.
Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.07. Cross Country Healthcare had a return on equity of 12.78% and a net margin of 1.06%. The business had revenue of $209.31 million during the quarter, compared to analyst estimates of $209.92 million. During the same quarter in the previous year, the firm posted $0.16 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, analysts predict that Cross Country Healthcare will post $0.61 earnings per share for the current year.
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About Cross Country Healthcare
Cross Country Healthcare, Inc is engaged in providing healthcare recruiting, staffing, recruiting and workforce solutions. The Company operates in three segments: Nurse and Allied Staffing, Physician Staffing and Other Human Capital Management Services. The Nurse and Allied Staffing segment provides traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, and branch-based local nurses and allied staffing.
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