Cross Country Healthcare, Inc. (NASDAQ:CCRN) Insider Sells $136,876.74 in Stock

Cross Country Healthcare, Inc. (NASDAQ:CCRN) insider Phillip Lyn Noe sold 9,646 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $14.19, for a total value of $136,876.74. Following the transaction, the insider now directly owns 10,162 shares of the company’s stock, valued at approximately $144,198.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Cross Country Healthcare Trading Up 1.6 %

Shares of CCRN opened at $14.50 on Monday. Cross Country Healthcare, Inc. has a 1 year low of $14.06 and a 1 year high of $28.75. The stock has a 50 day simple moving average of $17.02 and a 200-day simple moving average of $19.32. The stock has a market cap of $504.17 million, a PE ratio of 11.15, a PEG ratio of 2.00 and a beta of 0.77.

Cross Country Healthcare (NASDAQ:CCRN) last issued its earnings results on Wednesday, May 1st. The business services provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Cross Country Healthcare had a return on equity of 11.69% and a net margin of 2.58%. The business had revenue of $379.17 million during the quarter, compared to analysts’ expectations of $374.38 million. During the same period in the prior year, the firm posted $0.84 EPS. Cross Country Healthcare’s quarterly revenue was down 39.1% compared to the same quarter last year. On average, sell-side analysts forecast that Cross Country Healthcare, Inc. will post 0.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CCRN. Benchmark cut their price objective on Cross Country Healthcare from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Truist Financial cut their price target on Cross Country Healthcare from $22.00 to $16.00 and set a “hold” rating for the company in a report on Thursday, February 22nd. Barrington Research cut their price target on Cross Country Healthcare from $24.00 to $21.00 and set an “outperform” rating for the company in a report on Monday, May 6th. Finally, TheStreet cut Cross Country Healthcare from a “b-” rating to a “c+” rating in a report on Friday, March 1st. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $20.83.

Hedge Funds Weigh In On Cross Country Healthcare

Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC bought a new stake in Cross Country Healthcare during the 4th quarter worth approximately $28,000. Gladius Capital Management LP grew its position in Cross Country Healthcare by 37.1% during the 4th quarter. Gladius Capital Management LP now owns 1,902 shares of the business services provider’s stock worth $43,000 after acquiring an additional 515 shares during the last quarter. Denali Advisors LLC grew its position in Cross Country Healthcare by 3,885.5% during the 1st quarter. Denali Advisors LLC now owns 5,500 shares of the business services provider’s stock worth $103,000 after acquiring an additional 5,362 shares during the last quarter. EMC Capital Management bought a new stake in Cross Country Healthcare during the 1st quarter worth approximately $155,000. Finally, Bayesian Capital Management LP bought a new stake in Cross Country Healthcare during the 1st quarter worth approximately $195,000. 96.03% of the stock is 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.