Cross Country Healthcare, Inc. (NASDAQ:CCRN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday.

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. “

A number of other equities research analysts also recently weighed in on CCRN. UBS AG restated a “buy” rating and set a $15.00 target price (down previously from $16.50) on shares of Cross Country Healthcare in a research report on Wednesday, June 14th. BidaskClub downgraded Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Benchmark Co. dropped their target price on Cross Country Healthcare from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, August 3rd. Finally, TheStreet upgraded Cross Country Healthcare from a “c+” rating to a “b” rating in a research report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Cross Country Healthcare has a consensus rating of “Hold” and an average price target of $15.64.

Cross Country Healthcare (CCRN) traded down 3.91% during mid-day trading on Monday, reaching $13.53. The company’s stock had a trading volume of 126,323 shares. Cross Country Healthcare has a 52-week low of $10.88 and a 52-week high of $16.38. The firm has a 50 day moving average price of $12.94 and a 200 day moving average price of $12.84. The company has a market cap of $493.76 million, a price-to-earnings ratio of 49.93 and a beta of 0.83.

Cross Country Healthcare (NASDAQ:CCRN) last released its earnings results on Wednesday, August 2nd. The business services provider reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.07. The company had revenue of $209.31 million during the quarter, compared to the consensus estimate of $209.92 million. Cross Country Healthcare had a return on equity of 12.78% and a net margin of 1.06%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.16 earnings per share. Equities research analysts anticipate that Cross Country Healthcare will post $0.61 earnings per share for the current year.

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In other 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 sale, the insider now owns 395,188 shares in the company, valued at $4,805,486.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 4.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its holdings in Cross Country Healthcare by 68.3% in the second quarter. Russell Investments Group Ltd. now owns 273,987 shares of the business services provider’s stock valued at $3,538,000 after purchasing an additional 111,178 shares during the last quarter. Prudential Financial Inc. increased its holdings in 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 purchasing an additional 20,384 shares during the last quarter. Eagle Boston Investment Management Inc. increased its holdings in Cross Country Healthcare by 13.5% in the second quarter. Eagle Boston Investment Management Inc. now owns 636,420 shares of the business services provider’s stock valued at $8,216,000 after purchasing an additional 75,650 shares during the last quarter. Rice Hall James & Associates LLC increased its holdings in Cross Country Healthcare by 58.7% in the second quarter. Rice Hall James & Associates LLC now owns 218,247 shares of the business services provider’s stock valued at $2,818,000 after purchasing an additional 80,729 shares during the last quarter. Finally, Mason Street Advisors LLC increased its holdings in Cross Country Healthcare by 6.9% in the first quarter. Mason Street Advisors LLC now owns 7,713 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 499 shares during the last quarter. Institutional investors and hedge funds own 95.60% 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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Analyst Recommendations for Cross Country Healthcare (NASDAQ:CCRN)

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