Cross Country Healthcare, Inc. (NASDAQ:CCRN) Director W Larry Cash bought 5,000 shares of Cross Country Healthcare stock in a transaction that occurred on Thursday, November 7th. The stock was purchased at an average price of $12.39 per share, with a total value of $61,950.00. Following the purchase, the director now directly owns 139,306 shares in the company, valued at $1,726,001.34. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
NASDAQ CCRN opened at $12.66 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.99 and a current ratio of 1.99. Cross Country Healthcare, Inc. has a fifty-two week low of $6.75 and a fifty-two week high of $12.99. The firm has a market capitalization of $418.70 million, a P/E ratio of 105.50, a PEG ratio of 14.17 and a beta of 1.28. The stock has a 50-day simple moving average of $10.51 and a two-hundred day simple moving average of $9.25.
Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings data on Tuesday, November 5th. The business services provider reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. Cross Country Healthcare had a positive return on equity of 1.24% and a negative net margin of 9.44%. The company had revenue of $209.20 million for the quarter, compared to analysts’ expectations of $202.60 million. During the same period in the previous year, the firm posted $0.02 EPS. Cross Country Healthcare’s revenue was up 4.2% compared to the same quarter last year. As a group, analysts forecast that Cross Country Healthcare, Inc. will post 0.09 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of CCRN. Sio Capital Management LLC acquired a new stake in Cross Country Healthcare in the 2nd quarter worth about $2,427,000. Russell Investments Group Ltd. lifted its stake in Cross Country Healthcare by 784.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 263,552 shares of the business services provider’s stock worth $2,471,000 after purchasing an additional 233,752 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Cross Country Healthcare by 481.4% in the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 260,315 shares of the business services provider’s stock worth $2,442,000 after purchasing an additional 215,541 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in Cross Country Healthcare in the 2nd quarter worth approximately $1,871,000. Finally, Vanguard Group Inc. lifted its stake in Cross Country Healthcare by 7.0% in the 2nd quarter. Vanguard Group Inc. now owns 2,429,399 shares of the business services provider’s stock worth $22,788,000 after purchasing an additional 159,036 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.
A number of brokerages recently issued reports on CCRN. Zacks Investment Research upgraded Cross Country Healthcare from a “hold” rating to a “strong-buy” rating and set a $12.00 target price for the company in a research note on Tuesday, October 1st. ValuEngine lowered Cross Country Healthcare from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub upgraded Cross Country Healthcare from a “hold” rating to a “buy” rating in a research note on Friday. Finally, BMO Capital Markets lifted their price objective on Cross Country Healthcare from $10.00 to $12.00 and gave the company a “market perform” rating in a research note on Wednesday. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $11.33.
About Cross Country Healthcare
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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