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

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has been assigned a consensus rating of “Hold” from the six research firms that are covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating. The average 1-year price target among brokers that have issued a report on the stock in the last year is $17.93.

Several research firms have issued reports on CCRN. Barrington Research restated a “market perform” rating and issued a $18.61 price objective on shares of Cross Country Healthcare in a research note on Tuesday, June 17th. Wall Street Zen started coverage on shares of Cross Country Healthcare in a research note on Thursday, May 15th. They set a “hold” rating for the company. Finally, UBS Group decreased their target price 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, May 13th.

Cross Country Healthcare Price Performance

NASDAQ CCRN opened at $12.98 on Friday. Cross Country Healthcare has a 1 year low of $9.58 and a 1 year high of $18.50. The company has a market capitalization of $425.48 million, a PE ratio of -24.49, a P/E/G ratio of 3.99 and a beta of 0.36. The company has a fifty day moving average of $13.48 and a two-hundred day moving average of $15.56.

Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. During the same period in the prior year, the firm earned $0.19 earnings per share. The firm’s revenue was down 22.6% on a year-over-year basis. On average, research analysts expect that Cross Country Healthcare will post 0.53 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Magnetar Financial LLC raised its holdings in Cross Country Healthcare by 8.5% during the first quarter. Magnetar Financial LLC now owns 2,474,331 shares of the business services provider’s stock worth $36,843,000 after purchasing an additional 193,418 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Cross Country Healthcare by 82.4% during the first quarter. Alliancebernstein L.P. now owns 2,343,484 shares of the business services provider’s stock worth $34,894,000 after purchasing an additional 1,058,544 shares in the last quarter. Alpine Associates Management Inc. raised its holdings in Cross Country Healthcare by 115.6% during the first quarter. Alpine Associates Management Inc. now owns 1,252,524 shares of the business services provider’s stock worth $18,650,000 after purchasing an additional 671,492 shares in the last quarter. Royce & Associates LP raised its holdings in Cross Country Healthcare by 3.4% during the fourth quarter. Royce & Associates LP now owns 1,170,945 shares of the business services provider’s stock worth $21,264,000 after purchasing an additional 38,379 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Cross Country Healthcare by 56.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,095,178 shares of the business services provider’s stock worth $16,307,000 after purchasing an additional 397,216 shares in the last quarter. 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.