Cross Country Healthcare, Inc. (NASDAQ:CCRN) – Equities researchers at Oppenheimer cut their Q1 2018 earnings per share (EPS) estimates for shares of Cross Country Healthcare in a report issued on Tuesday. Oppenheimer analyst M. Wiederhorn now expects that the business services provider will earn $0.10 per share for the quarter, down from their prior forecast of $0.12. Oppenheimer also issued estimates for Cross Country Healthcare’s Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.23 EPS, FY2018 earnings at $0.76 EPS, Q1 2019 earnings at $0.12 EPS, Q2 2019 earnings at $0.21 EPS, Q3 2019 earnings at $0.25 EPS, Q4 2019 earnings at $0.27 EPS and FY2019 earnings at $0.85 EPS.
Cross Country Healthcare (NASDAQ:CCRN) last announced its earnings results on Wednesday, November 1st. The business services provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. Cross Country Healthcare had a return on equity of 11.69% and a net margin of 0.19%. The business had revenue of $228.50 million during the quarter, compared to the consensus estimate of $228.97 million. During the same period in the prior year, the business posted $0.24 earnings per share. Cross Country Healthcare’s revenue was up 6.3% compared to the same quarter last year.
Shares of Cross Country Healthcare (CCRN) traded up $0.03 during midday trading on Wednesday, hitting $12.95. The stock had a trading volume of 130,300 shares, compared to its average volume of 204,700. Cross Country Healthcare has a twelve month low of $11.07 and a twelve month high of $16.38. The stock has a market capitalization of $470.78, a P/E ratio of 647.50, a price-to-earnings-growth ratio of 1.68 and a beta of 0.75. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.14 and a current ratio of 2.14.
In other Cross Country Healthcare news, General Counsel Susan E. Ball sold 25,000 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $14.19, for a total value of $354,750.00. Following the transaction, the general counsel now directly owns 126,921 shares of the company’s stock, valued at approximately $1,801,008.99. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Thomas C. Dircks bought 10,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was purchased at an average cost of $11.77 per share, for a total transaction of $117,700.00. Following the completion of the transaction, the director now owns 104,571 shares in the company, valued at $1,230,800.67. The disclosure for this purchase can be found here. 3.90% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of CCRN. Argent Capital Management LLC lifted its holdings in shares of Cross Country Healthcare by 29.5% in the third quarter. Argent Capital Management LLC now owns 130,289 shares of the business services provider’s stock valued at $1,854,000 after purchasing an additional 29,675 shares in the last quarter. Highbridge Capital Management LLC bought a new position in Cross Country Healthcare during the third quarter valued at approximately $402,000. Cornerstone Capital Management Holdings LLC. lifted its position in Cross Country Healthcare by 37.5% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 110,700 shares of the business services provider’s stock valued at $1,574,000 after purchasing an additional 30,200 shares during the period. Royce & Associates LP lifted its position in Cross Country Healthcare by 8.2% during the third quarter. Royce & Associates LP now owns 857,675 shares of the business services provider’s stock valued at $12,205,000 after purchasing an additional 65,211 shares during the period. Finally, OxFORD Asset Management LLP lifted its position in Cross Country Healthcare by 137.5% during the third quarter. OxFORD Asset Management LLP now owns 124,906 shares of the business services provider’s stock valued at $1,774,000 after purchasing an additional 72,308 shares during the period. 92.08% of the stock is currently owned by institutional investors.
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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