StockNews.com Initiates Coverage on Cross Country Healthcare (NASDAQ:CCRN)

Equities researchers at StockNews.com initiated coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a report issued on Wednesday. The firm set a “hold” rating on the business services provider’s stock.

Several other equities research analysts have also recently weighed in on the company. JMP Securities reissued a “market perform” rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Barrington Research restated a “market perform” rating and issued a $18.61 target price on shares of Cross Country Healthcare in a research note on Friday, March 14th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $18.41.

Cross Country Healthcare Stock Up 0.4 %

Shares of NASDAQ:CCRN opened at $13.90 on Wednesday. The firm has a market cap of $455.73 million, a PE ratio of -277.94, a PEG ratio of 3.32 and a beta of 0.38. Cross Country Healthcare has a 12-month low of $9.58 and a 12-month high of $18.50. The company’s 50 day moving average price is $14.67 and its two-hundred day moving average price is $15.38.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Cross Country Healthcare had a negative net margin of 0.12% and a positive return on equity of 5.38%. During the same period in the prior year, the company posted $0.19 EPS. The company’s quarterly revenue was down 22.6% on a year-over-year basis. On average, research analysts expect that Cross Country Healthcare will post 0.53 EPS for the current year.

Institutional Investors Weigh In On Cross Country Healthcare

Institutional investors and hedge funds have recently modified their holdings of the company. SummerHaven Investment Management LLC increased its position in Cross Country Healthcare by 1.4% during the 1st quarter. SummerHaven Investment Management LLC now owns 57,641 shares of the business services provider’s stock valued at $858,000 after purchasing an additional 789 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Cross Country Healthcare by 4.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,386 shares of the business services provider’s stock valued at $334,000 after acquiring an additional 817 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Cross Country Healthcare by 2.7% in the first quarter. Principal Financial Group Inc. now owns 31,821 shares of the business services provider’s stock worth $474,000 after buying an additional 827 shares during the last quarter. Quadrant Capital Group LLC bought a new position in Cross Country Healthcare in the 4th quarter valued at approximately $25,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Cross Country Healthcare by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 754,368 shares of the business services provider’s stock valued at $13,702,000 after purchasing an additional 2,112 shares in the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

Cross Country Healthcare Company Profile

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.