Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have been given an average rating of “Hold” by the thirteen brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $12.29.
A number of research analysts recently issued reports on CCRN shares. Stephens started coverage on shares of Cross Country Healthcare in a research report on Tuesday, October 2nd. They set an “equal weight” rating for the company. Zacks Investment Research raised shares of Cross Country Healthcare from a “sell” rating to a “hold” rating in a research report on Thursday, September 27th. Barrington Research set a $11.00 price target on shares of Cross Country Healthcare and gave the company a “buy” rating in a research report on Thursday, November 15th. BidaskClub raised shares of Cross Country Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, January 11th. Finally, Lake Street Capital raised shares of Cross Country Healthcare from a “hold” rating to a “buy” rating and lifted their price target for the company from $10.00 to $12.00 in a research report on Friday, November 2nd.
Shares of NASDAQ:CCRN remained flat at $$9.26 on Tuesday. 134,201 shares of the stock traded hands, compared to its average volume of 246,143. Cross Country Healthcare has a 12-month low of $6.91 and a 12-month high of $14.31. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.24 and a current ratio of 2.24. The stock has a market cap of $335.68 million, a PE ratio of 15.18, a price-to-earnings-growth ratio of 2.66 and a beta of 0.78.
Cross Country Healthcare (NASDAQ:CCRN) last posted its earnings results on Thursday, November 1st. The business services provider reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). Cross Country Healthcare had a return on equity of 4.43% and a net margin of 3.67%. The company had revenue of $200.72 million during the quarter, compared to analysts’ expectations of $200.66 million. During the same period in the prior year, the business posted $0.23 earnings per share. The company’s revenue for the quarter was down 12.2% on a year-over-year basis. On average, equities research analysts expect that Cross Country Healthcare will post 0.15 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC purchased a new position in Cross Country Healthcare during the 4th quarter valued at about $74,000. Jane Street Group LLC purchased a new position in Cross Country Healthcare in the second quarter worth about $138,000. Panagora Asset Management Inc. raised its holdings in Cross Country Healthcare by 150.6% in the third quarter. Panagora Asset Management Inc. now owns 13,881 shares of the business services provider’s stock worth $121,000 after buying an additional 8,342 shares during the last quarter. SG Americas Securities LLC purchased a new position in Cross Country Healthcare in the second quarter worth about $177,000. Finally, Laurion Capital Management LP purchased a new position in Cross Country Healthcare in the second quarter worth about $219,000. 89.44% of the stock is owned by institutional investors.
Cross Country Healthcare Company Profile
Cross Country Healthcare, Inc provides healthcare staffing, recruiting, and workforce solutions in the United States. The company operates in three segments: Nurse and Allied Staffing, Physician Staffing, and Other Human Capital Management Services. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, branch-based local nurses, and allied staffing; short-term staffing of registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and travel allied professionals on long-term contract assignments.
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