Cross Country Healthcare, Inc. (NASDAQ:CCRN) Receives $17.91 Consensus Target Price from Brokerages

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have been assigned an average rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $13.1520.

CCRN has been the subject of several recent research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Cross Country Healthcare in a report on Monday. Jefferies Financial Group set a $8.65 price target on shares of Cross Country Healthcare and gave the company a “hold” rating in a research report on Thursday. Wall Street Zen upgraded shares of Cross Country Healthcare to a “hold” rating in a report on Saturday, August 9th. Citizens Jmp raised shares of Cross Country Healthcare from a “market perform” rating to an “outperform” rating and set a $11.00 price objective on the stock in a research note on Thursday. Finally, Citigroup upgraded shares of Cross Country Healthcare to an “outperform” rating in a report on Thursday.

Institutional Trading of Cross Country Healthcare

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ABC Arbitrage SA lifted its holdings in shares of Cross Country Healthcare by 2.9% in the first quarter. ABC Arbitrage SA now owns 172,087 shares of the business services provider’s stock valued at $2,562,000 after purchasing an additional 4,823 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Cross Country Healthcare by 27.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 402,230 shares of the business services provider’s stock valued at $5,989,000 after buying an additional 87,353 shares during the last quarter. Wolverine Asset Management LLC raised its position in Cross Country Healthcare by 32.8% in the 1st quarter. Wolverine Asset Management LLC now owns 81,123 shares of the business services provider’s stock valued at $1,208,000 after buying an additional 20,037 shares during the last quarter. Nuveen LLC bought a new position in Cross Country Healthcare during the 1st quarter valued at $2,117,000. Finally, Longfellow Investment Management Co. LLC purchased a new position in Cross Country Healthcare during the 1st quarter worth $59,000. 96.03% of the stock is owned by institutional investors.

Cross Country Healthcare Trading Up 6.2%

Shares of NASDAQ CCRN opened at $8.00 on Wednesday. The firm has a market capitalization of $262.08 million, a P/E ratio of -16.33, a P/E/G ratio of 7.53 and a beta of 0.42. The firm’s 50-day moving average price is $11.99 and its 200-day moving average price is $12.81. Cross Country Healthcare has a 1-year low of $7.43 and a 1-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 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. Equities research analysts forecast that Cross Country Healthcare will post 0.53 EPS for the current year.

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.