William Blair Has Optimistic Outlook of CCRN FY2024 Earnings

Cross Country Healthcare, Inc. (NASDAQ:CCRN) – Equities research analysts at William Blair increased their FY2024 earnings per share estimates for Cross Country Healthcare in a research note issued to investors on Thursday, November 7th. William Blair analyst T. Romeo now forecasts that the business services provider will earn $0.54 per share for the year, up from their prior estimate of $0.53. The consensus estimate for Cross Country Healthcare’s current full-year earnings is $0.53 per share. William Blair also issued estimates for Cross Country Healthcare’s FY2025 earnings at $0.50 EPS.

A number of other research analysts have also recently weighed in on the stock. Barrington Research cut their price objective on shares of Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Truist Financial dropped their target price on Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating for the company in a report on Monday, October 21st. Finally, Benchmark lowered their price objective on Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $18.50.

Cross Country Healthcare Trading Up 3.8 %

Shares of NASDAQ:CCRN opened at $10.75 on Monday. The company has a market cap of $363.46 million, a PE ratio of -215.36, a price-to-earnings-growth ratio of 1.99 and a beta of 0.65. Cross Country Healthcare has a twelve month low of $10.19 and a twelve month high of $23.64. The company’s 50 day moving average is $12.94 and its 200 day moving average is $14.30.

Hedge Funds Weigh In On Cross Country Healthcare

Several institutional investors have recently modified their holdings of the business. nVerses Capital LLC purchased a new stake in shares of Cross Country Healthcare during the 2nd quarter worth $50,000. Gladius Capital Management LP grew its position in shares of Cross Country Healthcare by 83.4% in the 3rd quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider’s stock valued at $54,000 after buying an additional 1,812 shares during the last quarter. US Bancorp DE raised its stake in Cross Country Healthcare by 10,909.3% during the 3rd quarter. US Bancorp DE now owns 4,734 shares of the business services provider’s stock worth $64,000 after acquiring an additional 4,691 shares in the last quarter. GAMMA Investing LLC lifted its position in Cross Country Healthcare by 622.4% in the second quarter. GAMMA Investing LLC now owns 5,678 shares of the business services provider’s stock valued at $79,000 after acquiring an additional 4,892 shares during the last quarter. Finally, EMC Capital Management purchased a new stake in Cross Country Healthcare in the first quarter valued at $155,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

About Cross Country Healthcare

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company’s Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; vendor neutral and managed services programs; education healthcare services; in-home care services; and outsourcing services.