Cross Country Healthcare (NASDAQ:CCRN) Stock Price Up 7.6%

Cross Country Healthcare, Inc. (NASDAQ:CCRN) rose 7.6% on Tuesday . The company traded as high as $18.32 and last traded at $18.31. Approximately 308,580 shares were traded during trading, a decline of 32% from the average daily volume of 454,273 shares. The stock had previously closed at $17.02.

Analysts Set New Price Targets

CCRN has been the topic of a number of recent research reports. TheStreet lowered Cross Country Healthcare from a “b-” rating to a “c+” rating in a research note on Friday, March 1st. Benchmark lowered their price objective on Cross Country Healthcare from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, February 22nd. Truist Financial lowered their price objective on Cross Country Healthcare from $22.00 to $16.00 and set a “hold” rating on the stock in a research note on Thursday, February 22nd. Finally, Barrington Research decreased their price target on Cross Country Healthcare from $26.00 to $24.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 27th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.67.

Cross Country Healthcare Trading Up 4.4 %

The stock has a market capitalization of $616.26 million, a PE ratio of 8.89, a P/E/G ratio of 1.85 and a beta of 0.75. The firm has a 50 day moving average of $18.10 and a two-hundred day moving average of $20.37.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings data on Wednesday, February 21st. The business services provider reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. Cross Country Healthcare had a return on equity of 16.93% and a net margin of 3.60%. The business had revenue of $414.04 million for the quarter, compared to analysts’ expectations of $404.42 million. During the same quarter last year, the firm earned $1.09 earnings per share. The business’s revenue was down 34.1% on a year-over-year basis. Equities research analysts forecast that Cross Country Healthcare, Inc. will post 0.94 EPS for the current year.

Insiders Place Their Bets

In other news, insider Karen Mote sold 6,216 shares of Cross Country Healthcare stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $16.95, for a total transaction of $105,361.20. Following the sale, the insider now directly owns 35,101 shares of the company’s stock, valued at $594,961.95. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.90% of the stock is currently owned by insiders.

Institutional Trading of Cross Country Healthcare

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC bought a new stake in shares of Cross Country Healthcare during the 4th quarter worth $28,000. Gladius Capital Management LP increased its position in Cross Country Healthcare by 37.1% during the fourth quarter. Gladius Capital Management LP now owns 1,902 shares of the business services provider’s stock worth $43,000 after buying an additional 515 shares during the last quarter. Denali Advisors LLC grew its position in shares of Cross Country Healthcare by 3,885.5% in the first quarter. Denali Advisors LLC now owns 5,500 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 5,362 shares during the last quarter. Aigen Investment Management LP acquired a new stake in Cross Country Healthcare during the third quarter worth about $219,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Cross Country Healthcare by 212.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 12,089 shares of the business services provider’s stock worth $226,000 after purchasing an additional 8,225 shares during the period. 96.03% of the stock is currently owned by institutional investors and hedge funds.

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.