Cross Country Healthcare, Inc. (NASDAQ:CCRN) Given Average Rating of “Hold” by Analysts

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have been given an average recommendation of “Hold” by the nine brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $11.3767.

Several equities research analysts recently weighed in on the company. JMP Securities set a $11.00 target price on Cross Country Healthcare in a report on Thursday, December 4th. UBS Group dropped their price objective on Cross Country Healthcare from $16.50 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, December 9th. Truist Financial set a $10.00 target price on shares of Cross Country Healthcare in a research note on Tuesday, December 16th. Citigroup reiterated a “market outperform” rating on shares of Cross Country Healthcare in a report on Friday, December 19th. Finally, Citizens Jmp raised shares of Cross Country Healthcare from a “market perform” rating to an “outperform” rating and set a $11.00 price target on the stock in a report on Thursday, December 4th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. SummerHaven Investment Management LLC grew its position in shares of Cross Country Healthcare by 1.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 58,620 shares of the business services provider’s stock worth $765,000 after buying an additional 979 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Cross Country Healthcare by 50.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,424 shares of the business services provider’s stock worth $45,000 after buying an additional 1,142 shares during the last quarter. Signaturefd LLC grew its stake in shares of Cross Country Healthcare by 139.9% in the 2nd quarter. Signaturefd LLC now owns 2,193 shares of the business services provider’s stock worth $29,000 after buying an additional 1,279 shares during the last quarter. Bank of America Corp DE increased its position in Cross Country Healthcare by 3.1% during the 2nd quarter. Bank of America Corp DE now owns 73,321 shares of the business services provider’s stock valued at $957,000 after buying an additional 2,198 shares in the last quarter. Finally, Strs Ohio raised its stake in Cross Country Healthcare by 6.0% during the third quarter. Strs Ohio now owns 44,000 shares of the business services provider’s stock valued at $625,000 after buying an additional 2,500 shares during the last quarter. Institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Stock Performance

Shares of Cross Country Healthcare stock opened at $9.07 on Thursday. The stock has a market capitalization of $297.13 million, a price-to-earnings ratio of -18.51, a price-to-earnings-growth ratio of 6.15 and a beta of 0.45. The company has a fifty day moving average of $8.82 and a 200-day moving average of $11.53. Cross Country Healthcare has a 52-week low of $7.43 and a 52-week high of $18.28.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings results on Wednesday, November 12th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $250.05 million for the quarter, compared to analysts’ expectations of $270.72 million. On average, equities research analysts forecast that Cross Country Healthcare will post 0.53 earnings per share for the current fiscal year.

Cross Country Healthcare Company Profile

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.