Cross Country Healthcare (NASDAQ:CCRN) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a report issued on Wednesday. The firm issued a hold rating on the business services provider’s stock.

Several other equities analysts have also commented on the company. Barrington Research reissued a “market perform” rating and set a $18.61 price target on shares of Cross Country Healthcare in a research report on Friday, March 14th. JMP Securities reissued a “market perform” rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Cross Country Healthcare currently has a consensus rating of “Hold” and an average price target of $18.41.

Cross Country Healthcare Stock Performance

NASDAQ CCRN opened at $14.03 on Wednesday. Cross Country Healthcare has a one year low of $9.58 and a one year high of $18.50. The company’s 50 day moving average price is $14.61 and its 200 day moving average price is $15.40. The firm has a market capitalization of $459.99 million, a price-to-earnings ratio of -280.54, a PEG ratio of 3.32 and a beta of 0.38.

Cross Country Healthcare (NASDAQ:CCRN) last announced its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Cross Country Healthcare had a negative net margin of 0.12% and a positive return on equity of 5.38%. During the same quarter in the previous year, the business posted $0.19 earnings per share. The company’s quarterly revenue was down 22.6% compared to the same quarter last year. Sell-side analysts forecast that Cross Country Healthcare will post 0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Cross Country Healthcare

Institutional investors and hedge funds have recently made changes to their positions in the business. Quadrant Capital Group LLC acquired a new stake in Cross Country Healthcare in the fourth quarter valued at $25,000. Plato Investment Management Ltd bought a new position in shares of Cross Country Healthcare during the fourth quarter worth about $46,000. Virtu Financial LLC acquired a new position in Cross Country Healthcare in the third quarter worth about $153,000. Mint Tower Capital Management B.V. bought a new stake in Cross Country Healthcare in the fourth quarter valued at about $182,000. Finally, Guggenheim Capital LLC acquired a new stake in Cross Country Healthcare during the fourth quarter valued at approximately $201,000. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

About Cross Country Healthcare

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.