Cross Country Healthcare (NASDAQ:CCRN) Downgraded by BidaskClub

BidaskClub lowered shares of Cross Country Healthcare (NASDAQ:CCRN) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday, BidAskClub reports.

Several other equities analysts have also recently commented on CCRN. Zacks Investment Research cut shares of Cross Country Healthcare from a buy rating to a hold rating in a research report on Monday, August 12th. ValuEngine upgraded shares of Cross Country Healthcare from a hold rating to a buy rating in a research note on Thursday, August 1st. Finally, Barrington Research set a $10.00 price objective on Cross Country Healthcare and gave the stock a buy rating in a research report on Monday, May 20th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Cross Country Healthcare currently has a consensus rating of Buy and a consensus target price of $10.00.

Shares of CCRN opened at $10.98 on Friday. The stock has a market capitalization of $383.29 million, a PE ratio of 91.50, a P/E/G ratio of 12.59 and a beta of 1.22. Cross Country Healthcare has a 1 year low of $6.75 and a 1 year high of $11.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.99 and a current ratio of 1.99. The company’s 50-day simple moving average is $9.89 and its 200-day simple moving average is $8.41.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.01 EPS for the quarter. The business had revenue of $202.80 million during the quarter, compared to analyst estimates of $199.46 million. Cross Country Healthcare had a negative net margin of 9.20% and a positive return on equity of 0.62%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 earnings per share. On average, sell-side analysts predict that Cross Country Healthcare will post 0.08 earnings per share for the current year.

In related news, CEO Kevin Cronin Clark acquired 8,330 shares of the stock in a transaction dated Friday, June 14th. The stock was acquired at an average cost of $8.00 per share, with a total value of $66,640.00. Following the completion of the transaction, the chief executive officer now owns 250,734 shares in the company, valued at approximately $2,005,872. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.80% of the company’s stock.

Large investors have recently made changes to their positions in the business. Boston Partners purchased a new stake in shares of Cross Country Healthcare during the 2nd quarter worth $877,000. Atria Investments LLC purchased a new position in Cross Country Healthcare in the second quarter valued at $405,000. Susquehanna International Group LLP acquired a new stake in Cross Country Healthcare in the second quarter valued at $119,000. Nuveen Asset Management LLC acquired a new stake in Cross Country Healthcare in the second quarter valued at $1,871,000. Finally, Sio Capital Management LLC acquired a new stake in Cross Country Healthcare in the second quarter valued at $2,427,000. 93.39% of the stock is currently 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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Analyst Recommendations for Cross Country Healthcare (NASDAQ:CCRN)

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