Cross Country Healthcare (NASDAQ:CCRN) Receives “Market Perform” Rating from Barrington Research

Barrington Research reissued their market perform rating on shares of Cross Country Healthcare (NASDAQ:CCRN) in a report released on Tuesday morning,Benzinga reports. The firm currently has a $18.61 target price on the business services provider’s stock.

Other analysts have also issued research reports about the stock. UBS Group cut their price objective on shares of Cross Country Healthcare from $18.61 to $16.50 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Wall Street Zen started coverage on Cross Country Healthcare in a research report on Thursday, May 15th. They set a “hold” rating on the stock. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $17.93.

Cross Country Healthcare Stock Up 1.2%

CCRN stock opened at $13.95 on Tuesday. The stock has a market capitalization of $457.28 million, a PE ratio of -26.32, a price-to-earnings-growth ratio of 4.03 and a beta of 0.37. Cross Country Healthcare has a 52 week low of $9.58 and a 52 week high of $18.50. The firm has a 50 day moving average of $13.71 and a 200 day moving average of $15.89.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings results 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 1.41% and a positive return on equity of 2.56%. The company’s quarterly revenue was down 22.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.19 earnings per share. On average, equities research analysts expect that Cross Country Healthcare will post 0.53 earnings per share for the current year.

Institutional Trading of Cross Country Healthcare

A number of hedge funds have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC acquired a new position in shares of Cross Country Healthcare in the fourth quarter worth about $25,000. Plato Investment Management Ltd acquired a new position in Cross Country Healthcare in the 4th quarter worth about $46,000. Longfellow Investment Management Co. LLC purchased a new position in Cross Country Healthcare during the first quarter worth approximately $59,000. AlphaQuest LLC grew its holdings in Cross Country Healthcare by 324.6% in the first quarter. AlphaQuest LLC now owns 8,297 shares of the business services provider’s stock valued at $124,000 after purchasing an additional 6,343 shares during the period. Finally, Mint Tower Capital Management B.V. purchased a new stake in shares of Cross Country Healthcare in the fourth quarter valued at approximately $182,000. 96.03% of the stock is owned by hedge funds and other institutional investors.

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.