Cross Country Healthcare, Inc. (NASDAQ:CCRN) Receives $11.38 Average Target Price from Analysts

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have been assigned an average recommendation of “Hold” from the eight research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $11.3767.

Several research firms have commented on CCRN. Weiss Ratings reissued a “sell (e+)” rating on shares of Cross Country Healthcare in a report on Monday. UBS Group dropped their price objective on Cross Country Healthcare from $16.50 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 9th. Citigroup reaffirmed a “market outperform” rating on shares of Cross Country Healthcare in a research report on Friday, December 19th. JMP Securities set a $11.00 price target on shares of Cross Country Healthcare in a research note on Thursday, December 4th. Finally, Jefferies Financial Group set a $8.65 target price on shares of Cross Country Healthcare and gave the stock a “hold” rating in a report on Thursday, December 4th.

Institutional Investors Weigh In On Cross Country Healthcare

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCRN. Signaturefd LLC raised its stake in shares of Cross Country Healthcare by 139.9% in the second quarter. Signaturefd LLC now owns 2,193 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 1,279 shares in the last quarter. BNP Paribas Financial Markets grew its position 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. Tower Research Capital LLC TRC increased its position in shares of Cross Country Healthcare by 422.0% during the second quarter. Tower Research Capital LLC TRC now owns 3,586 shares of the business services provider’s stock worth $47,000 after purchasing an additional 2,899 shares in the last quarter. AlphaQuest LLC lifted its stake in Cross Country Healthcare by 324.6% in the first quarter. AlphaQuest LLC now owns 8,297 shares of the business services provider’s stock valued at $124,000 after buying an additional 6,343 shares during the last quarter. Finally, Vazirani Asset Management LLC acquired a new stake in Cross Country Healthcare during the 3rd quarter worth $142,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

Cross Country Healthcare Stock Up 0.6%

Shares of CCRN opened at $8.25 on Friday. Cross Country Healthcare has a 52 week low of $7.43 and a 52 week high of $18.30. The stock has a market cap of $270.27 million, a P/E ratio of -16.84, a P/E/G ratio of 7.63 and a beta of 0.42. The business’s 50 day moving average price is $10.33 and its 200-day moving average price is $12.18.

Cross Country Healthcare (NASDAQ:CCRN) last posted its earnings results on Wednesday, November 12th. The business services provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm had revenue of $250.05 million during the quarter, compared to the consensus estimate of $270.72 million. Cross Country Healthcare had a negative net margin of 1.39% and a positive return on equity of 0.95%. On average, equities analysts anticipate that Cross Country Healthcare will post 0.53 EPS for the current 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.