Cross Country Healthcare, Inc. (CCRN) Given Average Rating of “Buy” by Brokerages
Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have earned an average recommendation of “Buy” from the seven research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $16.50.
A number of analysts have issued reports on CCRN shares. Zacks Investment Research lowered shares of Cross Country Healthcare from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. Benchmark Co. lowered their price objective on Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, May 4th. BMO Capital Markets reissued a “buy” rating and set a $18.00 price objective on shares of Cross Country Healthcare in a research report on Wednesday, April 5th. Finally, TheStreet downgraded Cross Country Healthcare from a “b-” rating to a “c” rating in a research report on Thursday, March 2nd.
Shares of Cross Country Healthcare (CCRN) traded down 0.99% during midday trading on Monday, hitting $12.94. 199,881 shares of the stock traded hands. Cross Country Healthcare has a 12-month low of $10.53 and a 12-month high of $16.38. The company’s 50 day moving average price is $12.31 and its 200-day moving average price is $14.09. The stock’s market cap is $471.44 million.
Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings results on Wednesday, May 3rd. The business services provider reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.04. The company had revenue of $207.57 million for the quarter, compared to analyst estimates of $212.43 million. Cross Country Healthcare had a negative net margin of 1.55% and a positive return on equity of 13.60%. On average, equities research analysts expect that Cross Country Healthcare will post $0.63 EPS for the current year.
Several institutional investors have recently made changes to their positions in CCRN. A.R.T. Advisors LLC bought a new position in shares of Cross Country Healthcare during the fourth quarter worth approximately $700,000. Menta Capital LLC bought a new position in shares of Cross Country Healthcare during the fourth quarter worth approximately $386,000. Renaissance Technologies LLC increased its position in shares of Cross Country Healthcare by 244.1% in the fourth quarter. Renaissance Technologies LLC now owns 158,018 shares of the business services provider’s stock worth $2,467,000 after buying an additional 112,101 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of Cross Country Healthcare during the fourth quarter worth approximately $230,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Cross Country Healthcare during the fourth quarter worth approximately $414,000. 90.35% of the stock is owned by institutional investors and hedge funds.
Cross Country Healthcare Company Profile
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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