Cross Country Healthcare, Inc. (NASDAQ:CCRN) – Research analysts at SunTrust Banks lowered their Q1 2018 EPS estimates for shares of Cross Country Healthcare in a report released on Thursday, according to Zacks Investment Research. SunTrust Banks analyst T. Sommer now forecasts that the business services provider will post earnings per share of $0.02 for the quarter, down from their previous estimate of $0.06. SunTrust Banks currently has a “Buy” rating on the stock. SunTrust Banks also issued estimates for Cross Country Healthcare’s Q3 2018 earnings at $0.17 EPS, Q4 2018 earnings at $0.19 EPS and FY2019 earnings at $0.66 EPS.
A number of other analysts also recently commented on the company. BMO Capital Markets restated an “outperform” rating and set a $13.00 price objective (down from $14.00) on shares of Cross Country Healthcare in a report on Tuesday, March 6th. TheStreet upgraded Cross Country Healthcare from a “c+” rating to a “b” rating in a report on Thursday, March 1st. Lake Street Capital reiterated a “hold” rating on shares of Cross Country Healthcare in a report on Friday, March 2nd. Cantor Fitzgerald downgraded Cross Country Healthcare from an “overweight” rating to a “neutral” rating in a report on Friday, March 2nd. Finally, Benchmark downgraded Cross Country Healthcare from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a report on Thursday, March 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $15.14.
Cross Country Healthcare (NASDAQ:CCRN) traded up $0.08 during mid-day trading on Monday, hitting $11.91. The stock had a trading volume of 278,285 shares, compared to its average volume of 210,360. The firm has a market cap of $432.45, a P/E ratio of 11.73, a price-to-earnings-growth ratio of 2.11 and a beta of 0.75. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.39. Cross Country Healthcare has a 1-year low of $9.07 and a 1-year high of $15.09.
Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings data on Wednesday, February 28th. The business services provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The firm had revenue of $219.67 million for the quarter, compared to analyst estimates of $225.60 million. Cross Country Healthcare had a return on equity of 10.24% and a net margin of 4.34%. The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.20 earnings per share.
In other news, Director W Larry Cash acquired 5,000 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was bought at an average cost of $11.23 per share, with a total value of $56,150.00. Following the transaction, the director now directly owns 113,580 shares in the company, valued at approximately $1,275,503.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William J. Grubbs acquired 10,000 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was purchased at an average cost of $11.18 per share, with a total value of $111,800.00. Following the completion of the transaction, the chief executive officer now owns 353,741 shares in the company, valued at $3,954,824.38. The disclosure for this purchase can be found here. 3.90% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the business. Alliancebernstein L.P. lifted its position in shares of Cross Country Healthcare by 8.7% during the second quarter. Alliancebernstein L.P. now owns 40,095 shares of the business services provider’s stock worth $518,000 after purchasing an additional 3,200 shares during the last quarter. Highbridge Capital Management LLC bought a new position in Cross Country Healthcare in the third quarter worth about $402,000. Systematic Financial Management LP lifted its holdings in Cross Country Healthcare by 86.9% in the fourth quarter. Systematic Financial Management LP now owns 188,282 shares of the business services provider’s stock worth $2,402,000 after acquiring an additional 87,557 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in Cross Country Healthcare by 439.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 40,290 shares of the business services provider’s stock worth $574,000 after acquiring an additional 32,820 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in Cross Country Healthcare by 85.0% in the third quarter. BNP Paribas Arbitrage SA now owns 18,500 shares of the business services provider’s stock worth $263,000 after acquiring an additional 8,502 shares during the last quarter. 94.59% of the stock is owned by institutional investors.
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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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