Cross Country Healthcare, Inc. (NASDAQ:CCRN) – Analysts at Oppenheimer Holdings boosted their FY2017 earnings per share estimates for shares of Cross Country Healthcare in a research note issued to investors on Wednesday. Oppenheimer Holdings analyst M. Wiederhorn now forecasts that the business services provider will post earnings per share of $0.64 for the year, up from their prior estimate of $0.60. Oppenheimer Holdings also issued estimates for Cross Country Healthcare’s Q2 2018 earnings at $0.22 EPS and FY2018 earnings at $0.84 EPS.

CCRN has been the subject of several other reports. Benchmark Co. lowered their price target on shares of Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, May 4th. BMO Capital Markets lowered their price target on shares of Cross Country Healthcare from $18.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, May 5th. Zacks Investment Research downgraded shares of Cross Country Healthcare from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. UBS AG reiterated a “buy” rating and set a $15.00 price target (down from $16.50) on shares of Cross Country Healthcare in a report on Wednesday, June 14th. Finally, BidaskClub downgraded shares of Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $16.21.

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Shares of Cross Country Healthcare (NASDAQ CCRN) opened at 12.01 on Monday. The company’s 50-day moving average price is $12.47 and its 200-day moving average price is $13.48. Cross Country Healthcare has a 12-month low of $10.53 and a 12-month high of $16.38. The firm’s market capitalization is $428.17 million.

Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.16 earnings per share 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 firm had revenue of $209.31 million during the quarter, compared to analysts’ expectations of $209.92 million. During the same period last year, the firm posted $0.16 EPS. The business’s revenue was up 4.9% on a year-over-year basis.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Louisiana State Employees Retirement System increased 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 period. Acadian Asset Management LLC increased its position in shares of Cross Country Healthcare by 3.1% in the first quarter. Acadian Asset Management LLC now owns 246,415 shares of the business services provider’s stock valued at $3,538,000 after buying an additional 7,318 shares during the period. 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 valued at $2,467,000 after buying an additional 112,101 shares during the period. Prudential Financial Inc. increased its position in shares of Cross Country Healthcare by 28.7% in the first quarter. Prudential Financial Inc. now owns 91,529 shares of the business services provider’s stock valued at $1,314,000 after buying an additional 20,384 shares during the period. Finally, Royce & Associates LP increased its position in shares of Cross Country Healthcare by 98.1% in the first quarter. Royce & Associates LP now owns 579,686 shares of the business services provider’s stock valued at $8,324,000 after buying an additional 287,123 shares during the period. Institutional investors own 90.00% 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.

Earnings History and Estimates for Cross Country Healthcare (NASDAQ:CCRN)

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