Cross Country Healthcare, Inc. (NASDAQ:CCRN) Receives Consensus Rating of “Hold” from Brokerages

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has been given a consensus rating of “Hold” by the eight research firms that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $20.83.

CCRN has been the topic of several research reports. TheStreet lowered Cross Country Healthcare from a “b-” rating to a “c+” rating in a report on Friday, March 1st. Benchmark lowered their target price on shares of Cross Country Healthcare from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Truist Financial dropped their price objective on shares of Cross Country Healthcare from $22.00 to $16.00 and set a “hold” rating for the company in a research note on Thursday, February 22nd. Finally, Barrington Research decreased their target price on shares of Cross Country Healthcare from $24.00 to $21.00 and set an “outperform” rating on the stock in a research report on Monday.

Insider Activity at Cross Country Healthcare

In other news, insider Karen Mote sold 6,216 shares of Cross Country Healthcare stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $16.95, for a total transaction of $105,361.20. Following the sale, the insider now owns 35,101 shares in the company, valued at $594,961.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Cross Country Healthcare

Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC purchased a new position in shares of Cross Country Healthcare during the 4th quarter valued at approximately $28,000. Gladius Capital Management LP lifted its position in shares of Cross Country Healthcare by 37.1% during the fourth quarter. Gladius Capital Management LP now owns 1,902 shares of the business services provider’s stock worth $43,000 after purchasing an additional 515 shares during the last quarter. Denali Advisors LLC grew its stake in Cross Country Healthcare by 3,885.5% in the first quarter. Denali Advisors LLC now owns 5,500 shares of the business services provider’s stock worth $103,000 after purchasing an additional 5,362 shares in the last quarter. Aigen Investment Management LP bought a new stake in Cross Country Healthcare in the third quarter valued at about $219,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Cross Country Healthcare by 212.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,089 shares of the business services provider’s stock worth $226,000 after buying an additional 8,225 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Cross Country Healthcare Trading Down 3.9 %

Shares of CCRN stock opened at $16.02 on Tuesday. Cross Country Healthcare has a 12-month low of $15.65 and a 12-month high of $28.75. The company has a market cap of $557.02 million, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 2.17 and a beta of 0.77. The stock has a 50 day simple moving average of $17.90 and a 200-day simple moving average of $19.95.

Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings data on Wednesday, May 1st. The business services provider reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Cross Country Healthcare had a net margin of 2.58% and a return on equity of 11.69%. The firm had revenue of $379.17 million for the quarter, compared to the consensus estimate of $374.38 million. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The firm’s revenue was down 39.1% on a year-over-year basis. On average, equities analysts forecast that Cross Country Healthcare will post 0.77 earnings per share for the current fiscal year.

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.