Citizens Jmp Upgrades Cross Country Healthcare (NASDAQ:CCRN) to Outperform

Cross Country Healthcare (NASDAQ:CCRN) was upgraded by research analysts at Citizens Jmp from a “market perform” rating to an “outperform” rating in a research note issued to investors on Thursday, Marketbeat.com reports. The firm currently has a $11.00 price target on the business services provider’s stock. Citizens Jmp’s target price points to a potential upside of 37.50% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Cross Country Healthcare in a report on Monday. Wall Street Zen raised shares of Cross Country Healthcare to a “hold” rating in a research report on Saturday, August 9th. Finally, Benchmark reaffirmed a “hold” rating on shares of Cross Country Healthcare in a report on Friday, November 14th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.15.

Cross Country Healthcare Stock Up 6.2%

NASDAQ:CCRN opened at $8.00 on Thursday. The stock has a market capitalization of $262.08 million, a price-to-earnings ratio of -16.33, a PEG ratio of 7.53 and a beta of 0.42. Cross Country Healthcare has a 52 week low of $7.43 and a 52 week high of $18.30. The firm has a 50 day moving average of $11.99 and a 200 day moving average of $12.81.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings results on Wednesday, November 12th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Cross Country Healthcare had a positive return on equity of 0.95% and a negative net margin of 1.39%.The business had revenue of $250.05 million for the quarter, compared to analyst estimates of $270.72 million. As a group, analysts expect that Cross Country Healthcare will post 0.53 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CCRN. Magnetar Financial LLC boosted its holdings in shares of Cross Country Healthcare by 8.5% in the first quarter. Magnetar Financial LLC now owns 2,474,331 shares of the business services provider’s stock valued at $36,843,000 after acquiring an additional 193,418 shares during the period. Alliancebernstein L.P. boosted its stake in Cross Country Healthcare by 4.0% during the 2nd quarter. Alliancebernstein L.P. now owns 2,438,282 shares of the business services provider’s stock worth $31,820,000 after purchasing an additional 94,798 shares during the period. Goldman Sachs Group Inc. boosted its stake in Cross Country Healthcare by 56.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,095,178 shares of the business services provider’s stock worth $16,307,000 after purchasing an additional 397,216 shares during the period. Geode Capital Management LLC grew its position in Cross Country Healthcare by 1.3% during the 2nd quarter. Geode Capital Management LLC now owns 828,743 shares of the business services provider’s stock worth $10,817,000 after purchasing an additional 10,332 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in Cross Country Healthcare by 91.8% during the 1st quarter. Hsbc Holdings PLC now owns 793,258 shares of the business services provider’s stock worth $11,859,000 after purchasing an additional 379,683 shares during the last quarter. 96.03% of the stock is currently 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.