Cross Country Healthcare, Inc. (NASDAQ:CCRN) Receives Consensus Rating of “Hold” from Brokerages

by · The Markets Daily

Cross Country Healthcare, Inc. (NASDAQ:CCRN – Get Free Report) has received a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $11.3767.

Several equities analysts have weighed in on the company. Benchmark restated a “hold” rating on shares of Cross Country Healthcare in a report on Monday, December 8th. JMP Securities set a $11.00 price objective on Cross Country Healthcare in a report on Thursday, December 4th. UBS Group cut their price objective on Cross Country Healthcare from $16.50 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 9th. Citigroup restated a “market outperform” rating on shares of Cross Country Healthcare in a report on Friday, December 19th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cross Country Healthcare in a report on Monday, December 29th.

Check Out Our Latest Stock Report on CCRN

Cross Country Healthcare Stock Down 0.5%

CCRN stock opened at $8.06 on Friday. The company has a market capitalization of $264.05 million, a price-to-earnings ratio of -16.45, a P/E/G ratio of 5.37 and a beta of 0.45. Cross Country Healthcare has a 12 month low of $7.43 and a 12 month high of $18.30. The firm has a 50 day moving average of $10.04 and a two-hundred day moving average of $12.08.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CCRN. Signaturefd LLC lifted its position in Cross Country Healthcare by 139.9% during the 2nd quarter. Signaturefd LLC now owns 2,193 shares of the business services provider’s stock worth $29,000 after acquiring an additional 1,279 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Cross Country Healthcare by 50.0% in the second quarter. BNP Paribas Financial Markets now owns 3,424 shares of the business services provider’s stock worth $45,000 after purchasing an additional 1,142 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Cross Country Healthcare by 422.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,586 shares of the business services provider’s stock worth $47,000 after purchasing an additional 2,899 shares during the last quarter. AlphaQuest LLC lifted its position in shares of Cross Country Healthcare by 324.6% during the 1st quarter. AlphaQuest LLC now owns 8,297 shares of the business services provider’s stock worth $124,000 after purchasing an additional 6,343 shares during the last quarter. Finally, Vazirani Asset Management LLC bought a new stake in Cross Country Healthcare during the 3rd quarter valued at approximately $142,000. 96.03% of the stock is currently owned by institutional investors and hedge funds.

About Cross Country Healthcare

(Get Free Report)

Cross Country Healthcare, Inc, headquartered in Boca Raton, Florida, is a leading provider of healthcare workforce solutions in the United States. The company specializes in the recruitment, placement and management of nursing and allied health professionals on both a travel and permanent basis. Through its integrated platform, Cross Country Healthcare serves hospitals, health systems, and long-term care facilities by matching qualified clinical talent with patient care needs across diverse care settings.

The company’s core service offerings include travel nurse and allied health staffing, per diem staffing, permanent placement services, and managed services programs.

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