Cross Country Healthcare (NASDAQ:CCRN) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Wednesday.
A number of other brokerages also recently issued reports on CCRN. BidaskClub downgraded Cross Country Healthcare from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 8th. TheStreet raised Cross Country Healthcare from a “c+” rating to a “b” rating in a research report on Thursday, March 1st. Lake Street Capital downgraded Cross Country Healthcare from a “buy” rating to a “hold” rating and reduced their price target for the stock from $16.00 to $11.00 in a research report on Thursday, May 3rd. Cantor Fitzgerald downgraded Cross Country Healthcare from an “overweight” rating to a “neutral” rating in a research report on Friday, March 2nd. Finally, Benchmark downgraded Cross Country Healthcare from a “buy” rating to a “hold” rating and set a $19.00 price target on the stock. in a research report on Thursday, March 1st. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $13.75.
Get Cross Country Healthcare alerts:Cross Country Healthcare opened at $12.52 on Wednesday, Marketbeat reports. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.39. The firm has a market cap of $452.81 million, a price-to-earnings ratio of 20.52, a P/E/G ratio of 2.22 and a beta of 0.89. Cross Country Healthcare has a twelve month low of $9.07 and a twelve month high of $14.65.
Cross Country Healthcare (NASDAQ:CCRN) last posted its earnings results on Wednesday, May 2nd. The business services provider reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $210.30 million during the quarter, compared to analyst estimates of $206.75 million. Cross Country Healthcare had a return on equity of 9.99% and a net margin of 4.74%. Cross Country Healthcare’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 earnings per share. analysts anticipate that Cross Country Healthcare will post 0.45 earnings per share for the current fiscal year.
In other news, Director W Larry Cash bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 7th. The shares were purchased at an average cost of $11.14 per share, with a total value of $55,700.00. Following the transaction, the director now directly owns 118,580 shares in the company, valued at $1,320,981.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO William J. Burns bought 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 10th. The stock was purchased at an average cost of $11.92 per share, for a total transaction of $29,800.00. Following the completion of the transaction, the chief operating officer now owns 144,378 shares in the company, valued at $1,720,985.76. The disclosure for this purchase can be found here. Corporate insiders own 3.40% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Koch Industries Inc. acquired a new position in shares of Cross Country Healthcare in the 1st quarter valued at $117,000. Aperio Group LLC acquired a new position in shares of Cross Country Healthcare in the 1st quarter valued at $133,000. Renaissance Technologies LLC acquired a new position in shares of Cross Country Healthcare in the 4th quarter valued at $156,000. Barclays PLC increased its position in shares of Cross Country Healthcare by 118.6% in the 1st quarter. Barclays PLC now owns 12,283 shares of the business services provider’s stock valued at $136,000 after acquiring an additional 6,665 shares during the period. Finally, Teacher Retirement System of Texas acquired a new position in shares of Cross Country Healthcare in the 4th quarter valued at $162,000. 95.66% of the stock is currently owned by hedge funds and other institutional investors.
About Cross Country Healthcare
Cross Country Healthcare, Inc provides healthcare staffing, recruiting, and workforce solutions in the United States. The company operates in three segments: Nurse and Allied Staffing, Physician Staffing, and Other Human Capital Management Services. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, branch-based local nurses, and allied staffing; short-term staffing of registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and travel allied professionals on long-term contract assignments.
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