Analysts Set Cross Country Healthcare, Inc. (NASDAQ:CCRN) PT at $21.67

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have been given an average recommendation of “Hold” by the eight ratings firms that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $21.67.

Several equities research analysts recently weighed in on CCRN shares. Benchmark decreased their target price on Cross Country Healthcare from $24.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. TheStreet cut Cross Country Healthcare from a “b-” rating to a “c+” rating in a research note on Friday, March 1st. Barrington Research reduced their price objective on Cross Country Healthcare from $26.00 to $24.00 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. Finally, Truist Financial reduced their price objective on Cross Country Healthcare from $22.00 to $16.00 and set a “hold” rating for the company in a research note on Thursday, February 22nd.

Cross Country Healthcare Stock Up 1.5 %

CCRN stock opened at $17.13 on Friday. The business has a 50 day moving average price of $18.28 and a 200 day moving average price of $20.57. The stock has a market cap of $594.02 million, a price-to-earnings ratio of 8.44, a PEG ratio of 1.82 and a beta of 0.75. Cross Country Healthcare has a fifty-two week low of $15.65 and a fifty-two week high of $28.75.

Cross Country Healthcare (NASDAQ:CCRN) last posted its earnings results on Wednesday, February 21st. The business services provider reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. The firm had revenue of $414.04 million during the quarter, compared to analysts’ expectations of $404.42 million. Cross Country Healthcare had a return on equity of 16.93% and a net margin of 3.60%. The firm’s revenue was down 34.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 earnings per share. As a group, sell-side analysts anticipate that Cross Country Healthcare will post 0.94 EPS for the current year.

Insider Activity

In other news, insider Karen Mote sold 6,216 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $16.95, for a total value of $105,361.20. Following the transaction, the insider now owns 35,101 shares of the company’s stock, valued at $594,961.95. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 4.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio grew its holdings in Cross Country Healthcare by 3.4% during the third quarter. Public Employees Retirement System of Ohio now owns 12,416 shares of the business services provider’s stock worth $352,000 after acquiring an additional 403 shares during the period. Legal & General Group Plc grew its holdings in Cross Country Healthcare by 0.5% during the fourth quarter. Legal & General Group Plc now owns 84,974 shares of the business services provider’s stock worth $2,258,000 after acquiring an additional 431 shares during the period. Lazard Asset Management LLC grew its holdings in Cross Country Healthcare by 5.7% during the fourth quarter. Lazard Asset Management LLC now owns 8,051 shares of the business services provider’s stock worth $213,000 after acquiring an additional 433 shares during the period. Gladius Capital Management LP grew its holdings in Cross Country Healthcare by 37.1% during the fourth quarter. Gladius Capital Management LP now owns 1,902 shares of the business services provider’s stock worth $43,000 after acquiring an additional 515 shares during the period. Finally, SummerHaven Investment Management LLC grew its holdings in Cross Country Healthcare by 2.0% during the fourth quarter. SummerHaven Investment Management LLC now owns 26,927 shares of the business services provider’s stock worth $610,000 after acquiring an additional 520 shares during the period. 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.