Cross Country Healthcare, Inc. (NASDAQ:CCRN) has been assigned a consensus rating of “Buy” from the eight analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $16.25.
A number of analysts recently commented on the company. UBS AG reiterated a “buy” rating and set a $15.00 price objective (down previously from $16.50) on shares of Cross Country Healthcare in a research report on Wednesday, June 14th. BMO Capital Markets reiterated a “buy” rating and set a $18.00 price objective on shares of Cross Country Healthcare in a research report on Wednesday, April 5th. Zacks Investment Research upgraded Cross Country Healthcare from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Benchmark Co. dropped their price objective on Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, May 4th.
Hedge funds have recently modified their holdings of the company. LS Investment Advisors LLC raised its stake in shares of Cross Country Healthcare by 484.5% in the first quarter. LS Investment Advisors LLC now owns 7,184 shares of the business services provider’s stock worth $103,000 after buying an additional 5,955 shares during the last quarter. Globeflex Capital L P acquired a new stake in shares of Cross Country Healthcare during the first quarter worth about $104,000. Mason Street Advisors LLC raised its stake in shares of Cross Country Healthcare by 6.9% in the first quarter. Mason Street Advisors LLC now owns 7,713 shares of the business services provider’s stock worth $111,000 after buying an additional 499 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Cross Country Healthcare during the first quarter worth about $157,000. Finally, Navellier & Associates Inc acquired a new stake in shares of Cross Country Healthcare during the first quarter worth about $161,000. 89.98% of the stock is currently owned by hedge funds and other institutional investors.
Cross Country Healthcare (NASDAQ CCRN) traded up 0.122% during trading on Friday, reaching $12.325. The company’s stock had a trading volume of 66,276 shares. The stock’s market cap is $449.04 million. The firm’s 50-day moving average is $12.18 and its 200-day moving average is $13.94. Cross Country Healthcare has a 52-week low of $10.54 and a 52-week high of $16.38.
Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings data on Wednesday, May 3rd. The business services provider reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The firm had revenue of $207.57 million during the quarter, compared to analysts’ expectations of $212.43 million. Cross Country Healthcare had a positive return on equity of 13.60% and a negative net margin of 1.55%. Equities research analysts forecast that Cross Country Healthcare will post $0.63 EPS for the current year.
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About Cross Country Healthcare
Cross Country Healthcare, Inc is engaged in providing healthcare recruiting, staffing, recruiting and workforce solutions. The Company operates in three segments: Nurse and Allied Staffing, Physician Staffing and Other Human Capital Management Services. The Nurse and Allied Staffing segment provides traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, and branch-based local nurses and allied staffing.
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