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

Cross Country Healthcare (NASDAQ:CCRN)‘s stock had its “market perform” rating restated by research analysts at Barrington Research in a note issued to investors on Tuesday,Benzinga reports. They currently have a $18.61 price target on the business services provider’s stock. Barrington Research’s price target points to a potential upside of 32.63% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. UBS Group reduced their target price on shares of Cross Country Healthcare from $18.61 to $16.50 and set a “neutral” rating for the company in a report on Tuesday, May 13th. Wall Street Zen assumed coverage on Cross Country Healthcare in a research report on Thursday, May 15th. They set a “hold” rating on the stock. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $17.93.

Cross Country Healthcare Price Performance

NASDAQ CCRN traded up $0.24 on Tuesday, hitting $14.03. The stock had a trading volume of 87,515 shares, compared to its average volume of 575,439. The business’s fifty day moving average price is $13.72 and its 200 day moving average price is $15.91. The stock has a market cap of $459.98 million, a price-to-earnings ratio of -280.56, a price-to-earnings-growth ratio of 3.32 and a beta of 0.37. Cross Country Healthcare has a 52-week low of $9.58 and a 52-week high of $18.50.

Cross Country Healthcare (NASDAQ:CCRN) last announced its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Cross Country Healthcare had a negative net margin of 0.12% and a positive return on equity of 5.38%. During the same quarter last year, the firm earned $0.19 EPS. The firm’s quarterly revenue was down 22.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cross Country Healthcare will post 0.53 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Strs Ohio acquired a new position in shares of Cross Country Healthcare during the first quarter valued at approximately $536,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Cross Country Healthcare by 7.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 115,823 shares of the business services provider’s stock valued at $1,725,000 after purchasing an additional 8,490 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Cross Country Healthcare by 56.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,095,178 shares of the business services provider’s stock valued at $16,307,000 after purchasing an additional 397,216 shares in the last quarter. PenderFund Capital Management Ltd. boosted its stake in Cross Country Healthcare by 5.4% during the 1st quarter. PenderFund Capital Management Ltd. now owns 27,100 shares of the business services provider’s stock worth $404,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Cross Country Healthcare by 82.4% during the first quarter. Alliancebernstein L.P. now owns 2,343,484 shares of the business services provider’s stock worth $34,894,000 after buying an additional 1,058,544 shares in the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

About Cross Country Healthcare

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.