Cross Country Healthcare, Inc. (CCRN) Receives Average Rating of “Hold” from Analysts

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Cross Country Healthcare, Inc. (NASDAQ:CCRN) has been assigned a consensus recommendation of “Hold” from the thirteen analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $12.86.

Several equities analysts recently commented on the stock. ValuEngine cut shares of Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 22nd. Zacks Investment Research cut shares of Cross Country Healthcare from a “hold” rating to a “sell” rating in a research note on Monday, September 3rd. BidaskClub cut shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a research note on Thursday, September 13th. Barrington Research set a $13.00 target price on shares of Cross Country Healthcare and gave the company a “buy” rating in a research note on Wednesday, September 19th. Finally, Stephens assumed coverage on shares of Cross Country Healthcare in a research note on Tuesday, October 2nd. They set an “equal weight” rating for the company.

In other Cross Country Healthcare news, General Counsel Susan E. Ball purchased 5,091 shares of the stock in a transaction on Thursday, August 9th. The shares were purchased at an average price of $9.65 per share, with a total value of $49,128.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider William J. Grubbs purchased 10,000 shares of the stock in a transaction on Wednesday, August 8th. The stock was acquired at an average cost of $8.93 per share, for a total transaction of $89,300.00. Following the acquisition, the insider now directly owns 422,291 shares in the company, valued at $3,771,058.63. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 37,341 shares of company stock valued at $344,203. Corporate insiders own 3.40% of the company’s stock.

A number of institutional investors have recently made changes to their positions in CCRN. Investment Counselors of Maryland LLC bought a new stake in shares of Cross Country Healthcare in the 2nd quarter worth about $10,180,000. Heartland Advisors Inc. lifted its position in Cross Country Healthcare by 79.8% during the 2nd quarter. Heartland Advisors Inc. now owns 880,756 shares of the business services provider’s stock valued at $9,909,000 after purchasing an additional 390,808 shares during the period. BlackRock Inc. lifted its position in Cross Country Healthcare by 7.0% during the 2nd quarter. BlackRock Inc. now owns 4,963,305 shares of the business services provider’s stock valued at $55,837,000 after purchasing an additional 325,121 shares during the period. Systematic Financial Management LP lifted its position in Cross Country Healthcare by 53.2% during the 2nd quarter. Systematic Financial Management LP now owns 634,924 shares of the business services provider’s stock valued at $7,143,000 after purchasing an additional 220,357 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Cross Country Healthcare by 12.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,960,349 shares of the business services provider’s stock valued at $22,054,000 after purchasing an additional 216,714 shares during the period. 89.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cross Country Healthcare stock traded up $0.64 on Thursday, reaching $9.47. The stock had a trading volume of 325,928 shares, compared to its average volume of 250,469. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.38. Cross Country Healthcare has a fifty-two week low of $7.41 and a fifty-two week high of $14.49. The stock has a market capitalization of $325.20 million, a price-to-earnings ratio of 15.52, a PEG ratio of 3.04 and a beta of 0.79.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings data on Wednesday, August 1st. The business services provider reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). Cross Country Healthcare had a return on equity of 7.90% and a net margin of 4.39%. The firm had revenue of $204.57 million during the quarter, compared to analyst estimates of $209.29 million. During the same quarter in the previous year, the firm posted $0.16 earnings per share. Cross Country Healthcare’s quarterly revenue was down 2.3% compared to the same quarter last year. As a group, research analysts predict that Cross Country Healthcare will post 0.24 earnings per share for the current year.

About Cross Country Healthcare

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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Analyst Recommendations for Cross Country Healthcare (NASDAQ:CCRN)

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