Cross Country Healthcare, Inc. (NASDAQ:CCRN) was the recipient of a large increase in short interest in November. As of November 29th, there was short interest totalling 1,010,000 shares, an increase of 6.5% from the November 14th total of 948,300 shares. Based on an average trading volume of 199,900 shares, the short-interest ratio is currently 5.1 days. Currently, 2.9% of the company’s shares are short sold.
Several equities analysts recently issued reports on the company. Zacks Investment Research raised Cross Country Healthcare from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a research note on Tuesday, October 1st. BidaskClub lowered Cross Country Healthcare from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Finally, ValuEngine lowered Cross Country Healthcare from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Cross Country Healthcare has an average rating of “Buy” and an average target price of $10.00.
In other news, Director W Larry Cash bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were purchased at an average price of $12.39 per share, with a total value of $61,950.00. Following the purchase, the director now owns 139,306 shares in the company, valued at $1,726,001.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Christopher R. Pizzi sold 8,379 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $12.45, for a total value of $104,318.55. Following the transaction, the chief accounting officer now directly owns 42,131 shares in the company, valued at approximately $524,530.95. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of CCRN. Arizona State Retirement System raised its position in Cross Country Healthcare by 2.5% in the 2nd quarter. Arizona State Retirement System now owns 57,125 shares of the business services provider’s stock valued at $536,000 after purchasing an additional 1,374 shares in the last quarter. Magnus Financial Group LLC raised its position in Cross Country Healthcare by 20.2% in the 2nd quarter. Magnus Financial Group LLC now owns 13,580 shares of the business services provider’s stock valued at $127,000 after purchasing an additional 2,278 shares in the last quarter. Investment Counselors of Maryland LLC increased its holdings in shares of Cross Country Healthcare by 1.1% in the 2nd quarter. Investment Counselors of Maryland LLC now owns 973,239 shares of the business services provider’s stock valued at $9,129,000 after acquiring an additional 10,207 shares during the last quarter. Stone Ridge Asset Management LLC increased its holdings in shares of Cross Country Healthcare by 50.4% in the 2nd quarter. Stone Ridge Asset Management LLC now owns 53,038 shares of the business services provider’s stock valued at $497,000 after acquiring an additional 17,785 shares during the last quarter. Finally, Heartland Advisors Inc. increased its holdings in shares of Cross Country Healthcare by 7.0% in the 2nd quarter. Heartland Advisors Inc. now owns 455,072 shares of the business services provider’s stock valued at $4,269,000 after acquiring an additional 29,625 shares during the last quarter. 95.18% of the stock is currently owned by institutional investors.
CCRN stock traded up $0.13 during mid-day trading on Friday, reaching $11.50. The company had a trading volume of 154,313 shares, compared to its average volume of 184,664. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.03 and a current ratio of 2.03. The company has a market capitalization of $427.04 million, a price-to-earnings ratio of 95.83, a price-to-earnings-growth ratio of 8.30 and a beta of 1.29. The firm has a fifty day simple moving average of $11.78 and a 200 day simple moving average of $10.02. Cross Country Healthcare has a fifty-two week low of $6.75 and a fifty-two week high of $12.99.
Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The company had revenue of $209.20 million for the quarter, compared to analyst estimates of $202.60 million. Cross Country Healthcare had a positive return on equity of 1.30% and a negative net margin of 9.44%. Cross Country Healthcare’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.02 EPS. As a group, analysts predict that Cross Country Healthcare will post 0.14 earnings per share for the current year.
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.
Featured Article: Why is cost of goods sold important?
Receive News & Ratings for Cross Country Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cross Country Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.