Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have earned a consensus rating of “Hold” from the nine analysts that are covering the stock, Marketbeat reports. Two research 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 analysts that have issued a report on the stock in the last year is $16.08.

CCRN has been the subject of a number of research reports. Zacks Investment Research downgraded Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Benchmark Co. lowered their price target 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. BidaskClub downgraded Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, TheStreet raised Cross Country Healthcare from a “c+” rating to a “b” rating in a research report on Wednesday, September 27th.

Shares of Cross Country Healthcare (NASDAQ:CCRN) traded up 0.73% during trading on Friday, reaching $13.72. The company had a trading volume of 71,470 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 of $13.30 and a 200 day moving average of $12.80. The firm has a market capitalization of $500.70 million, a price-to-earnings ratio of 50.63 and a beta of 0.84.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings results 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 firm had revenue of $209.31 million during the quarter, compared to the consensus estimate of $209.92 million. During the same quarter in the previous year, the business earned $0.16 earnings per share. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts forecast that Cross Country Healthcare will post $0.61 earnings per share for the current year.

In other news, insider William J. Grubbs sold 49,113 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $12.16, for a total value of $597,214.08. Following the completion of the sale, the insider now owns 395,188 shares of the company’s stock, valued at $4,805,486.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.90% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Eqis Capital Management Inc. purchased a new stake in shares of Cross Country Healthcare in the third quarter worth about $397,000. Benefit Street Partners LLC boosted its position in shares of Cross Country Healthcare by 30.9% in the second quarter. Benefit Street Partners LLC now owns 1,544,440 shares of the business services provider’s stock worth $19,939,000 after buying an additional 364,229 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Cross Country Healthcare by 13.3% in the second quarter. The Manufacturers Life Insurance Company now owns 28,772 shares of the business services provider’s stock worth $372,000 after buying an additional 3,371 shares during the period. State Street Corp boosted its position in shares of Cross Country Healthcare by 9.8% in the second quarter. State Street Corp now owns 876,998 shares of the business services provider’s stock worth $11,323,000 after buying an additional 78,451 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. boosted its position in shares of Cross Country Healthcare by 283.3% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 80,500 shares of the business services provider’s stock worth $1,038,000 after buying an additional 59,500 shares during the period. 95.60% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Cross Country Healthcare (NASDAQ:CCRN)

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