Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have earned an average rating of “Buy” from the seven analysts that are covering the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $17.30.
CCRN has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a research report on Tuesday, March 7th. Avondale Partners downgraded Cross Country Healthcare from an “outperform” rating to a “market perform” rating and set a $15.50 price objective for the company. in a research report on Tuesday, January 24th. Benchmark Co. began coverage on Cross Country Healthcare in a research report on Friday, January 20th. They set a “buy” rating and a $19.00 price objective for the company. TheStreet downgraded Cross Country Healthcare from a “b-” rating to a “c” rating in a research report on Thursday, March 2nd. Finally, Lake Street Capital began coverage on Cross Country Healthcare in a research report on Wednesday, February 15th. They set a “buy” rating and a $17.00 price objective for the company.
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Hedge funds have recently added to or reduced their stakes in the company. Simcoe Capital Management LLC boosted its stake in Cross Country Healthcare by 57.2% in the fourth quarter. Simcoe Capital Management LLC now owns 555,705 shares of the business services provider’s stock valued at $8,675,000 after buying an additional 202,155 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Cross Country Healthcare by 7.8% in the third quarter. BlackRock Fund Advisors now owns 2,289,490 shares of the business services provider’s stock valued at $26,970,000 after buying an additional 165,503 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Cross Country Healthcare during the fourth quarter valued at approximately $2,438,000. Kornitzer Capital Management Inc. KS purchased a new stake in Cross Country Healthcare during the third quarter valued at approximately $1,594,000. Finally, Royce & Associates LP boosted its stake in Cross Country Healthcare by 70.0% in the fourth quarter. Royce & Associates LP now owns 292,563 shares of the business services provider’s stock valued at $4,567,000 after buying an additional 120,463 shares during the last quarter. 98.35% of the stock is owned by hedge funds and other institutional investors.
Cross Country Healthcare (NASDAQ:CCRN) traded up 0.64% during mid-day trading on Monday, hitting $14.19. The company had a trading volume of 35,712 shares. Cross Country Healthcare has a 12 month low of $10.53 and a 12 month high of $16.38. The company has a 50-day moving average price of $14.24 and a 200 day moving average price of $14.19. The firm has a market capitalization of $468.04 million, a P/E ratio of 92.75 and a beta of 0.64.
Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings results on Wednesday, March 1st. The business services provider reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.02. Cross Country Healthcare had a net margin of 1.21% and a return on equity of 25.48%. The company had revenue of $222.52 million for the quarter, compared to analyst estimates of $210.96 million. During the same quarter in the previous year, the business posted $0.18 earnings per share. Cross Country Healthcare’s revenue was up 15.2% on a year-over-year basis. Equities analysts forecast that Cross Country Healthcare will post $0.72 EPS for the current fiscal year.
About Cross Country Healthcare
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.
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