Cross Country Healthcare (NASDAQ:CCRN) Upgraded at Citizens Jmp

Citizens Jmp upgraded shares of Cross Country Healthcare (NASDAQ:CCRN) from a market perform rating to an outperform rating in a research note published on Thursday morning, MarketBeat.com reports. Citizens Jmp currently has $11.00 price target on the business services provider’s stock.

A number of other research firms have also commented on CCRN. Weiss Ratings restated a “sell (e+)” rating on shares of Cross Country Healthcare in a research report on Monday, December 1st. Wall Street Zen raised Cross Country Healthcare to a “hold” rating in a research note on Saturday, August 9th. Finally, Benchmark restated a “hold” rating on shares of Cross Country Healthcare in a research note on Friday, November 14th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Cross Country Healthcare currently has an average rating of “Hold” and a consensus target price of $13.15.

Cross Country Healthcare Stock Performance

CCRN opened at $8.00 on Thursday. The firm’s 50-day simple moving average is $11.99 and its 200-day simple moving average is $12.80. Cross Country Healthcare has a twelve month low of $7.43 and a twelve month high of $18.30. The firm has a market cap of $262.08 million, a price-to-earnings ratio of -16.33, a PEG ratio of 8.00 and a beta of 0.42.

Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings results on Wednesday, November 12th. The business services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm had revenue of $250.05 million during the quarter, compared to analyst estimates of $270.72 million. Cross Country Healthcare had a negative net margin of 1.39% and a positive return on equity of 0.95%. As a group, sell-side analysts anticipate that Cross Country Healthcare will post 0.53 EPS for the current fiscal year.

Institutional Trading of Cross Country Healthcare

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in Cross Country Healthcare by 139.9% during the 2nd quarter. Signaturefd LLC now owns 2,193 shares of the business services provider’s stock worth $29,000 after purchasing an additional 1,279 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Cross Country Healthcare by 50.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,424 shares of the business services provider’s stock worth $45,000 after buying an additional 1,142 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Cross Country Healthcare by 422.0% during the second quarter. Tower Research Capital LLC TRC now owns 3,586 shares of the business services provider’s stock worth $47,000 after buying an additional 2,899 shares during the last quarter. Longfellow Investment Management Co. LLC acquired a new position in Cross Country Healthcare in the first quarter valued at approximately $59,000. Finally, AlphaQuest LLC boosted its stake in Cross Country Healthcare by 324.6% in the first quarter. AlphaQuest LLC now owns 8,297 shares of the business services provider’s stock valued at $124,000 after acquiring an additional 6,343 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

About Cross Country Healthcare

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company’s Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; vendor neutral and managed services programs; education healthcare services; in-home care services; and outsourcing services.