Cross Country Healthcare (NASDAQ:CCRN) Now Covered by StockNews.com

StockNews.com began coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the business services provider’s stock.

Other research analysts have also issued reports about the stock. Barrington Research reissued a “market perform” rating and issued a $18.61 target price on shares of Cross Country Healthcare in a report on Friday, March 14th. JMP Securities reissued a “market perform” rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Finally, UBS Group lowered their price objective on shares of Cross Country Healthcare from $18.61 to $16.50 and set a “neutral” rating for the company in a research note on Tuesday. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $17.93.

Cross Country Healthcare Price Performance

NASDAQ CCRN opened at $13.99 on Thursday. The stock has a market capitalization of $458.63 million, a price-to-earnings ratio of -279.74, a PEG ratio of 3.32 and a beta of 0.38. The business’s fifty day moving average price is $14.51 and its 200-day moving average price is $15.45. Cross Country Healthcare has a 1-year low of $9.58 and a 1-year high of $18.50.

Cross Country Healthcare (NASDAQ:CCRN) last announced its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Cross Country Healthcare had a negative net margin of 0.12% and a positive return on equity of 5.38%. During the same period in the previous year, the firm earned $0.19 earnings per share. The company’s quarterly revenue was down 22.6% on a year-over-year basis. Equities research analysts anticipate that Cross Country Healthcare will post 0.53 EPS for the current year.

Hedge Funds Weigh In On Cross Country Healthcare

Several institutional investors and hedge funds have recently modified their holdings of the stock. Zweig DiMenna Associates LLC acquired a new position in shares of Cross Country Healthcare in the fourth quarter worth about $6,841,000. ABC Arbitrage SA acquired a new position in shares of Cross Country Healthcare during the 4th quarter valued at about $3,038,000. Ieq Capital LLC purchased a new stake in shares of Cross Country Healthcare during the 4th quarter valued at approximately $231,000. Wolverine Asset Management LLC acquired a new stake in shares of Cross Country Healthcare during the 4th quarter worth about $1,109,000. Finally, Olympiad Research LP acquired a new position in shares of Cross Country Healthcare in the 4th quarter worth approximately $1,520,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

Cross Country Healthcare Company Profile

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.