Cross Country Healthcare (NASDAQ:CCRN) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Cross Country Healthcare (NASDAQ:CCRN) from a strong sell rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

Other research analysts have also issued reports about the stock. Jefferies Financial Group set a $8.65 price objective on shares of Cross Country Healthcare and gave the stock a “hold” rating in a research note on Thursday, December 4th. UBS Group dropped their price target on shares of Cross Country Healthcare from $16.50 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, December 9th. Truist Financial set a $10.00 price objective on shares of Cross Country Healthcare in a research report on Tuesday, December 16th. Weiss Ratings restated a “sell (e+)” rating on shares of Cross Country Healthcare in a research report on Monday, December 29th. Finally, JMP Securities set a $11.00 price target on Cross Country Healthcare in a report on Thursday, December 4th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Cross Country Healthcare has a consensus rating of “Hold” and an average price target of $11.38.

Cross Country Healthcare Trading Down 4.5%

CCRN opened at $8.75 on Monday. The firm has a market cap of $286.65 million, a P/E ratio of -17.86, a P/E/G ratio of 6.11 and a beta of 0.45. Cross Country Healthcare has a 12 month low of $7.43 and a 12 month high of $18.30. The stock has a 50-day moving average of $9.13 and a 200 day moving average of $11.67.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings data on Wednesday, November 12th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $250.05 million for the quarter, compared to analysts’ expectations of $270.72 million. Cross Country Healthcare had a negative net margin of 1.39% and a positive return on equity of 0.95%. On average, research analysts forecast that Cross Country Healthcare will post 0.53 earnings per share for the current fiscal year.

Institutional Trading of Cross Country Healthcare

A number of large investors have recently modified their holdings of the company. Signaturefd LLC grew its stake in Cross Country Healthcare by 139.9% in the second 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 in 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 in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Cross Country Healthcare by 422.0% during the 2nd 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 in the last quarter. Vazirani Asset Management LLC purchased a new position in shares of Cross Country Healthcare during the third quarter valued at $142,000. Finally, Brooklyn Investment Group raised its holdings in shares of Cross Country Healthcare by 228.9% in the third quarter. Brooklyn Investment Group now owns 10,583 shares of the business services provider’s stock valued at $150,000 after acquiring an additional 7,365 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc, headquartered in Boca Raton, Florida, is a leading provider of healthcare workforce solutions in the United States. The company specializes in the recruitment, placement and management of nursing and allied health professionals on both a travel and permanent basis. Through its integrated platform, Cross Country Healthcare serves hospitals, health systems, and long-term care facilities by matching qualified clinical talent with patient care needs across diverse care settings.

The company’s core service offerings include travel nurse and allied health staffing, per diem staffing, permanent placement services, and managed services programs.