Brokerages Set Cross Country Healthcare, Inc. (NASDAQ:CCRN) Price Target at $9.67

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Cross Country Healthcare, Inc. (NASDAQ:CCRN) has received an average rating of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $9.67.

Several equities analysts recently weighed in on CCRN shares. BidaskClub lowered Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 14th. ValuEngine lowered Cross Country Healthcare from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded Cross Country Healthcare from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Tuesday, January 14th.

Shares of Cross Country Healthcare stock opened at $10.36 on Friday. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.55. Cross Country Healthcare has a twelve month low of $6.75 and a twelve month high of $12.99. The business has a 50-day moving average price of $11.02 and a 200 day moving average price of $10.64. The firm has a market cap of $389.79 million, a PE ratio of 132.13, a P/E/G ratio of 4.26 and a beta of 1.30.

Cross Country Healthcare (NASDAQ:CCRN) last announced its quarterly earnings results on Tuesday, November 5th. The business services provider reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.04. Cross Country Healthcare had a positive return on equity of 1.30% and a negative net margin of 9.44%. The firm had revenue of $209.20 million during the quarter, compared to analyst estimates of $202.60 million. During the same quarter in the previous year, the business earned $0.02 EPS. Cross Country Healthcare’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, sell-side analysts expect that Cross Country Healthcare will post 0.14 EPS for the current year.

In other Cross Country Healthcare news, Director W Larry Cash bought 5,000 shares of Cross Country Healthcare stock in a transaction dated Thursday, November 7th. The stock was acquired at an average cost of $12.39 per share, for a total transaction of $61,950.00. Following the completion of the transaction, the director now directly owns 139,306 shares of the company’s stock, valued at $1,726,001.34. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Christopher R. Pizzi sold 8,379 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $12.45, for a total transaction of $104,318.55. Following the completion of the sale, the chief accounting officer now owns 42,131 shares of the company’s stock, valued at $524,530.95. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Atria Investments LLC acquired a new stake in shares of Cross Country Healthcare in the second quarter valued at about $405,000. Susquehanna International Group LLP acquired a new stake in Cross Country Healthcare during the second quarter worth about $119,000. Campbell & CO Investment Adviser LLC acquired a new stake in Cross Country Healthcare during the fourth quarter worth about $197,000. State of Alaska Department of Revenue raised its stake in Cross Country Healthcare by 126.4% during the third quarter. State of Alaska Department of Revenue now owns 28,339 shares of the business services provider’s stock worth $291,000 after purchasing an additional 15,824 shares during the period. Finally, State of Tennessee Treasury Department raised its stake in Cross Country Healthcare by 97.7% during the third quarter. State of Tennessee Treasury Department now owns 29,378 shares of the business services provider’s stock worth $303,000 after purchasing an additional 14,520 shares during the period. Institutional investors and hedge funds own 94.72% of the company’s stock.

Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc provides healthcare staffing, recruiting, and workforce solutions in the United States. The company operates in three segments: Nurse and Allied Staffing, Physician Staffing, and Other Human Capital Management Services. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, branch-based local nurses, and allied staffing; short-term staffing of registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and travel allied professionals on long-term contract assignments.

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