BMO Capital Markets restated their outperform rating on shares of Cross Country Healthcare (NASDAQ:CCRN) in a research report report published on Tuesday morning. BMO Capital Markets currently has a $13.00 price objective on the business services provider’s stock, down from their prior price objective of $14.00.
Other research analysts have also issued reports about the company. Jefferies Group assumed coverage on Cross Country Healthcare in a research report on Thursday, February 1st. They issued a hold rating and a $15.00 target price on the stock. BidaskClub raised Cross Country Healthcare from a sell rating to a hold rating in a research report on Saturday, December 30th. Lake Street Capital reaffirmed a hold rating on shares of Cross Country Healthcare in a research report on Friday, March 2nd. Benchmark lowered Cross Country Healthcare from a buy rating to a hold rating and set a $19.00 target price on the stock. in a research report on Thursday, March 1st. Finally, TheStreet raised Cross Country Healthcare from a c+ rating to a b rating in a research report on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $15.14.
Cross Country Healthcare (CCRN) opened at $11.67 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.21 and a quick ratio of 2.14. The firm has a market capitalization of $429.41, a price-to-earnings ratio of 9.26, a P/E/G ratio of 2.06 and a beta of 0.75. Cross Country Healthcare has a 52-week low of $9.07 and a 52-week high of $15.09.
In related news, Director W Larry Cash purchased 5,000 shares of the stock in a transaction that occurred on Monday, March 5th. The stock was purchased at an average cost of $11.23 per share, for a total transaction of $56,150.00. Following the acquisition, the director now owns 113,580 shares in the company, valued at $1,275,503.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William J. Grubbs purchased 10,000 shares of the stock in a transaction that occurred on Monday, March 5th. The stock was bought at an average price of $11.18 per share, with a total value of $111,800.00. Following the completion of the acquisition, the chief executive officer now owns 353,741 shares in the company, valued at approximately $3,954,824.38. The disclosure for this purchase can be found here. 3.90% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. FDx Advisors Inc. acquired a new stake in Cross Country Healthcare in the 3rd quarter valued at $146,000. Renaissance Technologies LLC acquired a new stake in Cross Country Healthcare in the 4th quarter valued at $156,000. Teacher Retirement System of Texas acquired a new stake in Cross Country Healthcare in the 4th quarter valued at $162,000. Strs Ohio increased its holdings in Cross Country Healthcare by 69.5% in the 3rd quarter. Strs Ohio now owns 16,100 shares of the business services provider’s stock valued at $229,000 after purchasing an additional 6,600 shares in the last quarter. Finally, MetLife Investment Advisors LLC acquired a new stake in Cross Country Healthcare in the 4th quarter valued at $210,000. Hedge funds and other institutional investors own 94.46% of the company’s stock.
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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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