Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have received a consensus rating of “Buy” from the seven analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $16.50.
Several analysts have recently commented on CCRN shares. Benchmark Co. decreased their price target on shares of Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, May 4th. BMO Capital Markets cut their price objective on shares of Cross Country Healthcare from $18.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, May 5th. Finally, Zacks Investment Research downgraded shares of Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ranger Investment Management L.P. increased its position in Cross Country Healthcare by 27.3% in the first quarter. Ranger Investment Management L.P. now owns 100,810 shares of the business services provider’s stock worth $1,448,000 after buying an additional 21,590 shares during the last quarter. Bank of America Corp DE raised its position in Cross Country Healthcare by 126.6% in the first quarter. Bank of America Corp DE now owns 72,753 shares of the business services provider’s stock valued at $1,045,000 after buying an additional 40,650 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Cross Country Healthcare by 1.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 62,315 shares of the business services provider’s stock valued at $895,000 after buying an additional 600 shares during the last quarter. Lucus Advisors LLC bought a new position in Cross Country Healthcare during the first quarter valued at $413,000. Finally, Globeflex Capital L P bought a new position in Cross Country Healthcare during the first quarter valued at $104,000. Institutional investors own 90.05% of the company’s stock.
Shares of Cross Country Healthcare (NASDAQ:CCRN) traded up 1.55% during mid-day trading on Monday, hitting $12.47. The stock had a trading volume of 3,192 shares. Cross Country Healthcare has a 52-week low of $10.53 and a 52-week high of $16.38. The company’s market cap is $454.32 million. The stock has a 50 day moving average price of $12.18 and a 200-day moving average price of $13.94.
Cross Country Healthcare (NASDAQ:CCRN) last announced its quarterly earnings data on Wednesday, May 3rd. The business services provider reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.04. The business had revenue of $207.57 million during the quarter, compared to analyst estimates of $212.43 million. Cross Country Healthcare had a negative net margin of 1.55% and a positive return on equity of 13.60%. On average, equities analysts expect that Cross Country Healthcare will post $0.63 earnings per share for the current fiscal year.
Cross Country Healthcare Company Profile
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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