Cross Country Healthcare, Inc. (CCRN) Receives Consensus Recommendation of “Hold” from Analysts

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has earned a consensus recommendation of “Hold” from the ten brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $15.64.

Several research analysts have recently commented on CCRN shares. TheStreet upgraded Cross Country Healthcare from a “c+” rating to a “b” rating in a report on Wednesday, September 27th. Zacks Investment Research downgraded Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Cantor Fitzgerald reissued a “buy” rating and set a $18.00 price objective on shares of Cross Country Healthcare in a research report on Wednesday, November 1st. BMO Capital Markets cut their price objective on Cross Country Healthcare from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Monday, November 6th. Finally, Credit Suisse Group initiated coverage on Cross Country Healthcare in a research report on Tuesday, November 7th. They set a “neutral” rating and a $13.00 price objective for the company.

Cross Country Healthcare (NASDAQ:CCRN) traded up $0.07 during midday trading on Friday, hitting $12.46. The stock had a trading volume of 222,300 shares, compared to its average volume of 230,167. Cross Country Healthcare has a fifty-two week low of $11.07 and a fifty-two week high of $16.38. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.14 and a current ratio of 2.14. The stock has a market cap of $452.00, a price-to-earnings ratio of 19.36, a PEG ratio of 1.61 and a beta of 0.75.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings results on Wednesday, November 1st. The business services provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.18 by $0.05. Cross Country Healthcare had a return on equity of 11.69% and a net margin of 0.19%. The business had revenue of $228.50 million for the quarter, compared to analyst estimates of $228.97 million. During the same quarter in the previous year, the firm earned $0.24 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. equities research analysts expect that Cross Country Healthcare will post 0.64 earnings per share for the current fiscal year.

In other Cross Country Healthcare news, Director Thomas C. Dircks acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was purchased at an average cost of $11.77 per share, with a total value of $117,700.00. Following the transaction, the director now owns 104,571 shares of the company’s stock, valued at $1,230,800.67. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Susan E. Ball sold 25,000 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $14.19, for a total value of $354,750.00. Following the sale, the general counsel now directly owns 126,921 shares of the company’s stock, valued at $1,801,008.99. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. grew its position in Cross Country Healthcare by 8.7% in the 2nd quarter. Alliancebernstein L.P. now owns 40,095 shares of the business services provider’s stock valued at $518,000 after acquiring an additional 3,200 shares in the last quarter. Benefit Street Partners LLC grew its position in Cross Country Healthcare by 30.9% in the 2nd quarter. Benefit Street Partners LLC now owns 1,544,440 shares of the business services provider’s stock valued at $19,939,000 after acquiring an additional 364,229 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Cross Country Healthcare by 20.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 75,215 shares of the business services provider’s stock valued at $972,000 after acquiring an additional 12,900 shares in the last quarter. Citigroup Inc. grew its position in Cross Country Healthcare by 41.2% in the 2nd quarter. Citigroup Inc. now owns 41,962 shares of the business services provider’s stock valued at $541,000 after acquiring an additional 12,253 shares in the last quarter. Finally, Teachers Advisors LLC grew its position in Cross Country Healthcare by 16.9% in the 2nd quarter. Teachers Advisors LLC now owns 161,013 shares of the business services provider’s stock valued at $2,079,000 after acquiring an additional 23,235 shares in the last quarter. 92.08% 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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