Cross Country Healthcare, Inc. (NASDAQ:CCRN) Given Average Rating of “Hold” by Brokerages

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has received a consensus rating of “Hold” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation. The average 12-month price target among brokers that have issued a report on the stock in the last year is $17.93.

CCRN has been the subject of several research analyst reports. Barrington Research reaffirmed a “market perform” rating and set a $18.61 price target on shares of Cross Country Healthcare in a research note on Friday, March 14th. UBS Group decreased their price target on shares of Cross Country Healthcare from $18.61 to $16.50 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Finally, Wall Street Zen initiated coverage on shares of Cross Country Healthcare in a research note on Thursday, May 15th. They set a “hold” rating for the company.

Cross Country Healthcare Price Performance

Shares of NASDAQ:CCRN opened at $13.38 on Wednesday. Cross Country Healthcare has a 1 year low of $9.58 and a 1 year high of $18.50. The business has a 50 day simple moving average of $13.74 and a two-hundred day simple moving average of $15.89. The firm has a market capitalization of $438.64 million, a PE ratio of -267.55, a price-to-earnings-growth ratio of 3.32 and a beta of 0.37.

Cross Country Healthcare (NASDAQ:CCRN) last announced its earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. Cross Country Healthcare had a positive return on equity of 5.38% and a negative net margin of 0.12%. During the same quarter last year, the firm earned $0.19 earnings per share. The firm’s revenue for the quarter was down 22.6% compared to the same quarter last year. Equities research analysts expect that Cross Country Healthcare will post 0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Cross Country Healthcare

A number of large investors have recently bought and sold shares of CCRN. Magnetar Financial LLC bought a new position in Cross Country Healthcare in the fourth quarter worth approximately $41,421,000. Alliancebernstein L.P. raised its stake in Cross Country Healthcare by 82.4% in the first quarter. Alliancebernstein L.P. now owns 2,343,484 shares of the business services provider’s stock worth $34,894,000 after buying an additional 1,058,544 shares in the last quarter. Alpine Associates Management Inc. raised its stake in Cross Country Healthcare by 115.6% in the first quarter. Alpine Associates Management Inc. now owns 1,252,524 shares of the business services provider’s stock worth $18,650,000 after buying an additional 671,492 shares in the last quarter. AQR Arbitrage LLC bought a new position in Cross Country Healthcare in the fourth quarter worth approximately $10,851,000. Finally, Chicago Capital Management LLC bought a new position in Cross Country Healthcare in the fourth quarter worth approximately $7,300,000. Institutional investors own 96.03% of the company’s stock.

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.