Cross Country Healthcare, Inc. (NASDAQ:CCRN) Receives $17.93 Consensus Price Target from Analysts

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have received an average recommendation of “Reduce” from the seven analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $17.93.

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Cross Country Healthcare in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Cross Country Healthcare to a “hold” rating in a report on Saturday, August 9th.

Hedge Funds Weigh In On Cross Country Healthcare

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC increased its stake in shares of Cross Country Healthcare by 19.0% during the third quarter. Exchange Traded Concepts LLC now owns 20,383 shares of the business services provider’s stock worth $289,000 after purchasing an additional 3,251 shares in the last quarter. Caxton Associates LLP acquired a new position in Cross Country Healthcare in the 2nd quarter valued at $2,677,000. Tower Research Capital LLC TRC lifted its holdings 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 purchasing an additional 2,899 shares in the last quarter. Moore Capital Management LP boosted its stake in Cross Country Healthcare by 249.9% during the 2nd quarter. Moore Capital Management LP now owns 105,100 shares of the business services provider’s stock worth $1,372,000 after purchasing an additional 75,061 shares during the last quarter. Finally, Man Group plc grew its holdings in shares of Cross Country Healthcare by 3.6% during the second quarter. Man Group plc now owns 105,776 shares of the business services provider’s stock worth $1,380,000 after buying an additional 3,711 shares in the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

Cross Country Healthcare Stock Up 4.1%

Shares of CCRN stock opened at $13.14 on Tuesday. The company’s fifty day simple moving average is $13.29 and its two-hundred day simple moving average is $13.40. Cross Country Healthcare has a 52 week low of $9.58 and a 52 week high of $18.33. The stock has a market cap of $430.49 million, a P/E ratio of -50.54, a PEG ratio of 9.23 and a beta of 0.39.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings data on Wednesday, August 6th. The business services provider reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The firm had revenue of $274.07 million for the quarter, compared to analysts’ expectations of $292.67 million. Cross Country Healthcare had a negative net margin of 0.70% and a positive return on equity of 1.72%. On average, analysts anticipate that Cross Country Healthcare will post 0.53 EPS for the current fiscal 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.