Cross Country Healthcare (NASDAQ:CCRN) Upgraded at Zacks Research

Zacks Research upgraded shares of Cross Country Healthcare (NASDAQ:CCRN) from a strong sell rating to a hold rating in a report published on Monday morning,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Citizens Jmp raised shares of Cross Country Healthcare from a “market perform” rating to an “outperform” rating and set a $11.00 price objective for the company in a research report on Thursday, December 4th. Jefferies Financial Group set a $8.65 target price on shares of Cross Country Healthcare and gave the stock a “hold” rating in a research note on Thursday, December 4th. Truist Financial set a $10.00 target price on shares of Cross Country Healthcare in a report on Tuesday, December 16th. UBS Group lowered their price target on shares of Cross Country Healthcare from $16.50 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, December 9th. Finally, Citigroup restated a “market outperform” rating on shares of Cross Country Healthcare in a research report on Friday, December 19th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $11.38.

Cross Country Healthcare Price Performance

Shares of CCRN opened at $8.86 on Monday. The company has a market cap of $290.25 million, a PE ratio of -18.08, a price-to-earnings-growth ratio of 5.83 and a beta of 0.45. The firm has a 50-day moving average of $9.05 and a 200-day moving average of $11.65. Cross Country Healthcare has a one year low of $7.43 and a one year high of $18.30.

Cross Country Healthcare (NASDAQ:CCRN) last issued its earnings results on Wednesday, November 12th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Cross Country Healthcare had a negative net margin of 1.39% and a positive return on equity of 0.95%. The firm had revenue of $250.05 million during the quarter, compared to the consensus estimate of $270.72 million. Analysts expect that Cross Country Healthcare will post 0.53 earnings per share for the current year.

Hedge Funds Weigh In On Cross Country Healthcare

Institutional investors have recently modified their holdings of the business. Signaturefd LLC raised its position in Cross Country Healthcare by 139.9% in the second quarter. Signaturefd LLC now owns 2,193 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 1,279 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Cross Country Healthcare by 50.0% in the second quarter. BNP Paribas Financial Markets now owns 3,424 shares of the business services provider’s stock valued at $45,000 after buying an additional 1,142 shares during the period. Tower Research Capital LLC TRC raised its holdings in Cross Country Healthcare by 422.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,586 shares of the business services provider’s stock valued at $47,000 after buying an additional 2,899 shares during the last quarter. Vazirani Asset Management LLC acquired a new stake in Cross Country Healthcare during the 3rd quarter worth approximately $142,000. Finally, Brooklyn Investment Group grew its holdings in Cross Country Healthcare by 228.9% during the 3rd quarter. Brooklyn Investment Group now owns 10,583 shares of the business services provider’s stock worth $150,000 after acquiring an additional 7,365 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

About Cross Country Healthcare

Cross Country Healthcare, Inc, headquartered in Boca Raton, Florida, is a leading provider of healthcare workforce solutions in the United States. The company specializes in the recruitment, placement and management of nursing and allied health professionals on both a travel and permanent basis. Through its integrated platform, Cross Country Healthcare serves hospitals, health systems, and long-term care facilities by matching qualified clinical talent with patient care needs across diverse care settings.

The company’s core service offerings include travel nurse and allied health staffing, per diem staffing, permanent placement services, and managed services programs.