Cross Country Healthcare (CCRN) Receives Media Impact Score of 0.08
Media coverage about Cross Country Healthcare (NASDAQ:CCRN) has trended somewhat positive on Tuesday, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cross Country Healthcare earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 45.3632907677796 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Cross Country Healthcare (CCRN) traded down 1.25% during trading on Tuesday, reaching $12.64. 138,683 shares of the company’s stock traded hands. The company’s 50 day moving average is $12.32 and its 200-day moving average is $13.01. The stock has a market cap of $461.28 million, a price-to-earnings ratio of 46.64 and a beta of 0.85. Cross Country Healthcare has a 52-week low of $10.88 and a 52-week high of $16.38.
Cross Country Healthcare (NASDAQ:CCRN) last announced its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.07. Cross Country Healthcare had a net margin of 1.06% and a return on equity of 12.78%. The firm had revenue of $209.31 million for the quarter, compared to the consensus estimate of $209.92 million. During the same period in the prior year, the firm posted $0.16 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts anticipate that Cross Country Healthcare will post $0.61 earnings per share for the current fiscal year.
A number of research firms have recently issued reports on CCRN. UBS AG restated a “buy” rating and set a $15.00 target price (down previously from $16.50) on shares of Cross Country Healthcare in a research note on Wednesday, June 14th. Zacks Investment Research upgraded shares of Cross Country Healthcare from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Monday, August 7th. Benchmark Co. reiterated a “buy” rating and issued a $17.00 price objective (down previously from $18.00) on shares of Cross Country Healthcare in a research note on Wednesday, August 9th. BidaskClub cut shares of Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Finally, BMO Capital Markets dropped their price objective on shares of Cross Country Healthcare from $18.00 to $15.00 and set an “outperform” rating for the company in a research note on Monday, May 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $15.64.
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In other news, insider William J. Grubbs sold 49,113 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $12.16, for a total value of $597,214.08. Following the sale, the insider now directly owns 395,188 shares of the company’s stock, valued at $4,805,486.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 4.20% of the company’s stock.
Cross Country Healthcare Company Profile
Cross Country Healthcare, Inc is engaged in providing healthcare recruiting, staffing, recruiting and workforce solutions. The Company operates in three segments: Nurse and Allied Staffing, Physician Staffing and Other Human Capital Management Services. The Nurse and Allied Staffing segment provides traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, and branch-based local nurses and allied staffing.
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