Barrington Research Reaffirms “Market Perform” Rating for Cross Country Healthcare (NASDAQ:CCRN)

Cross Country Healthcare (NASDAQ:CCRN)‘s stock had its “market perform” rating reissued by stock analysts at Barrington Research in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $13.25 price objective on the business services provider’s stock. Barrington Research’s price objective suggests a potential upside of 0.42% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Citigroup downgraded shares of Cross Country Healthcare from a “market outperform” rating to a “market perform” rating in a research note on Thursday, May 7th. Citizens Jmp downgraded shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 7th. Wedbush downgraded shares of Cross Country Healthcare from an “outperform” rating to a “hold” rating and dropped their target price for the stock from $15.00 to $13.25 in a research note on Thursday, May 7th. Weiss Ratings upgraded Cross Country Healthcare from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Finally, Cross Research set a $14.00 price objective on Cross Country Healthcare in a research report on Thursday, March 5th. Nine equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $12.05.

Cross Country Healthcare Price Performance

Shares of NASDAQ CCRN traded up $0.02 during trading hours on Monday, hitting $13.20. 188,445 shares of the stock were exchanged, compared to its average volume of 625,093. The company’s 50 day moving average is $11.26 and its 200 day moving average is $9.77. The firm has a market capitalization of $426.59 million, a P/E ratio of -4.33, a P/E/G ratio of 13.52 and a beta of 0.45. Cross Country Healthcare has a one year low of $7.43 and a one year high of $14.99.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings data on Thursday, May 7th. The business services provider reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. Cross Country Healthcare had a negative return on equity of 0.74% and a negative net margin of 9.84%.The company had revenue of $241.06 million during the quarter, compared to analysts’ expectations of $237.07 million. Research analysts anticipate that Cross Country Healthcare will post 0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cross Country Healthcare

Several institutional investors have recently bought and sold shares of CCRN. BNP Paribas Financial Markets boosted its holdings 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 valued at $45,000 after buying an additional 1,142 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Cross Country Healthcare in the 4th quarter valued at $46,000. Tower Research Capital LLC TRC raised its stake in Cross Country Healthcare by 422.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,586 shares of the business services provider’s stock valued at $47,000 after acquiring an additional 2,899 shares during the period. Graham Capital Management L.P. bought a new position in Cross Country Healthcare during the 4th quarter worth $83,000. Finally, AXQ Capital LP bought a new position in Cross Country Healthcare during the 4th quarter worth $109,000. Institutional investors own 96.03% of the company’s stock.

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.