Cross Country Healthcare, Inc. (CCRN) Upgraded to “Hold” at Zacks Investment Research
Cross Country Healthcare, Inc. (NASDAQ:CCRN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “Cross Country, Inc. is a provider of healthcare staffing services. They also provide staffing of clinical research professionals and allied healthcare professionals, such as radiology technicians, rehabilitation therapists and respiratory therapists. Their staffing operations are complemented by other human capital management services, including search and recruitment, consulting, education and training and resource management services. “
Several other equities analysts have also recently commented on the stock. BMO Capital Markets lowered their target price on shares of Cross Country Healthcare from $18.00 to $15.00 and set an “outperform” rating on the stock in a research note on Monday, May 15th. Benchmark Co. lowered their target price on shares of Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, May 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Cross Country Healthcare currently has a consensus rating of “Buy” and a consensus target price of $16.58.
Cross Country Healthcare (NASDAQ:CCRN) traded down 0.49% during mid-day trading on Tuesday, reaching $12.28. 126,313 shares of the company were exchanged. The stock’s market capitalization is $447.40 million. The company’s 50 day moving average price is $12.18 and its 200-day moving average price is $13.94. Cross Country Healthcare has a 12 month low of $10.53 and a 12 month high of $16.38.
Cross Country Healthcare (NASDAQ:CCRN) last released its earnings results on Wednesday, May 3rd. The business services provider reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.04. The firm had revenue of $207.57 million for the quarter, compared to analysts’ expectations 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 analysts expect that Cross Country Healthcare will post $0.63 earnings per share for the current fiscal year.
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Several institutional investors have recently bought and sold shares of the stock. Navellier & Associates Inc acquired a new position in Cross Country Healthcare during the first quarter valued at $161,000. Louisiana State Employees Retirement System boosted its position in shares of Cross Country Healthcare by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the business services provider’s stock valued at $192,000 after buying an additional 100 shares during the last quarter. Foundry Partners LLC boosted its position in shares of Cross Country Healthcare by 6.0% in the first quarter. Foundry Partners LLC now owns 416,435 shares of the business services provider’s stock valued at $5,980,000 after buying an additional 23,740 shares during the last quarter. Highbridge Capital Management LLC purchased a new position in shares of Cross Country Healthcare during the fourth quarter valued at approximately $875,000. Finally, Teachers Advisors LLC boosted its position in shares of Cross Country Healthcare by 96.3% in the fourth quarter. Teachers Advisors LLC now owns 129,104 shares of the business services provider’s stock valued at $2,015,000 after buying an additional 63,341 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.
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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