Cross Country Healthcare, Inc. (NASDAQ:CCRN) Director W Larry Cash bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was acquired at an average cost of $12.39 per share, for a total transaction of $61,950.00. Following the acquisition, the director now directly owns 139,306 shares of the company’s stock, valued at $1,726,001.34. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.
NASDAQ:CCRN traded up $0.23 during trading hours on Friday, hitting $12.66. The company’s stock had a trading volume of 236,500 shares, compared to its average volume of 197,529. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.56. Cross Country Healthcare, Inc. has a 52-week low of $6.75 and a 52-week high of $12.99. The stock has a market capitalization of $418.70 million, a P/E ratio of 105.50, a price-to-earnings-growth ratio of 14.17 and a beta of 1.28. The stock has a fifty day moving average of $10.47 and a 200-day moving average of $9.22.
Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. Cross Country Healthcare had a negative net margin of 9.44% and a positive return on equity of 1.24%. The company had revenue of $209.20 million during the quarter, compared to the consensus estimate of $202.60 million. During the same quarter in the prior year, the firm posted $0.02 earnings per share. Cross Country Healthcare’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, sell-side analysts forecast that Cross Country Healthcare, Inc. will post 0.09 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCRN. Susquehanna International Group LLP acquired a new position in Cross Country Healthcare in the second quarter valued at $119,000. Magnus Financial Group LLC boosted its stake in Cross Country Healthcare by 20.2% in the second quarter. Magnus Financial Group LLC now owns 13,580 shares of the business services provider’s stock valued at $127,000 after acquiring an additional 2,278 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Cross Country Healthcare in the second quarter valued at $276,000. Pitcairn Co. boosted its stake in Cross Country Healthcare by 7.5% in the second quarter. Pitcairn Co. now owns 31,033 shares of the business services provider’s stock valued at $291,000 after acquiring an additional 2,165 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Cross Country Healthcare by 126.4% in the third quarter. State of Alaska Department of Revenue now owns 28,339 shares of the business services provider’s stock valued at $291,000 after acquiring an additional 15,824 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.
CCRN has been the topic of several recent analyst reports. ValuEngine lowered Cross Country Healthcare from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised Cross Country Healthcare from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a report on Tuesday, October 1st. BidaskClub raised Cross Country Healthcare from a “hold” rating to a “buy” rating in a report on Friday. Finally, BMO Capital Markets increased their target price on Cross Country Healthcare from $10.00 to $12.00 and gave the company a “market perform” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $11.33.
About Cross Country Healthcare
Cross Country Healthcare, Inc provides healthcare staffing, recruiting, and workforce solutions in the United States. The company operates in three segments: Nurse and Allied Staffing, Physician Staffing, and Other Human Capital Management Services. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, branch-based local nurses, and allied staffing; short-term staffing of registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and travel allied professionals on long-term contract assignments.
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