Cross Country Healthcare, Inc. (NASDAQ:CCRN) Short Interest Update

Cross Country Healthcare, Inc. (NASDAQ:CCRN) was the recipient of a large growth in short interest in the month of February. As of February 29th, there was short interest totalling 5,380,000 shares, a growth of 5.3% from the February 14th total of 5,110,000 shares. Currently, 16.4% of the company’s shares are sold short. Based on an average trading volume of 500,000 shares, the short-interest ratio is presently 10.8 days.

Insiders Place Their Bets

In related news, insider Karen Mote sold 6,216 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $16.95, for a total value of $105,361.20. Following the sale, the insider now directly owns 35,101 shares of the company’s stock, valued at approximately $594,961.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.50% of the company’s stock.

Institutional Trading of Cross Country Healthcare

Institutional investors and hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC bought a new stake in shares of Cross Country Healthcare during the 2nd quarter worth approximately $29,000. US Bancorp DE bought a new position in Cross Country Healthcare in the 1st quarter valued at approximately $27,000. GAMMA Investing LLC bought a new position in Cross Country Healthcare in the 4th quarter valued at approximately $28,000. Coppell Advisory Solutions Corp. bought a new position in Cross Country Healthcare in the 4th quarter valued at approximately $39,000. Finally, Point72 Hong Kong Ltd bought a new position in Cross Country Healthcare in the 1st quarter valued at approximately $35,000. Institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Trading Up 4.7 %

Shares of NASDAQ:CCRN traded up $0.84 on Tuesday, reaching $18.74. 138,461 shares of the company’s stock were exchanged, compared to its average volume of 539,956. The company has a fifty day moving average of $19.94 and a 200-day moving average of $21.51. Cross Country Healthcare has a twelve month low of $15.65 and a twelve month high of $28.75. The company has a market capitalization of $650.84 million, a price-to-earnings ratio of 8.82, a PEG ratio of 1.81 and a beta of 0.74.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings results on Wednesday, February 21st. The business services provider reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Cross Country Healthcare had a net margin of 3.60% and a return on equity of 16.93%. The company had revenue of $414.04 million during the quarter, compared to the consensus estimate of $404.42 million. During the same quarter in the prior year, the firm posted $1.09 EPS. The firm’s quarterly revenue was down 34.1% on a year-over-year basis. As a group, equities research analysts forecast that Cross Country Healthcare will post 0.94 EPS for the current fiscal year.

Analyst Ratings Changes

CCRN has been the topic of a number of research reports. Barrington Research decreased their price target on shares of Cross Country Healthcare from $26.00 to $24.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 27th. Benchmark decreased their price target on shares of Cross Country Healthcare from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, February 22nd. Truist Financial decreased their price target on shares of Cross Country Healthcare from $22.00 to $16.00 and set a “hold” rating on the stock in a research note on Thursday, February 22nd. UBS Group initiated coverage on shares of Cross Country Healthcare in a research report on Thursday, November 30th. They set a “neutral” rating and a $22.00 target price on the stock. Finally, JMP Securities initiated coverage on shares of Cross Country Healthcare in a research report on Wednesday, December 6th. They set a “market perform” rating on the stock. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $21.67.

About Cross Country Healthcare

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company's Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; vendor neutral and managed services programs; education healthcare services; in-home care services; and outsourcing services.