Cross Country Healthcare (NASDAQ:CCRN) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a research note published on Thursday morning. The firm issued a hold rating on the business services provider’s stock.

Other equities research analysts have also recently issued reports about the stock. JMP Securities restated a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. UBS Group decreased their target price on Cross Country Healthcare from $18.61 to $16.50 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Barrington Research reaffirmed a “market perform” rating and issued a $18.61 price target on shares of Cross Country Healthcare in a research report on Friday, March 14th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $17.93.

Cross Country Healthcare Trading Down 0.3%

CCRN stock opened at $13.95 on Thursday. The firm has a 50-day moving average of $14.43 and a two-hundred day moving average of $15.46. The firm has a market capitalization of $457.32 million, a PE ratio of -278.94, a P/E/G ratio of 3.32 and a beta of 0.38. Cross Country Healthcare has a one year low of $9.58 and a one year high of $18.50.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.06 EPS for the quarter, topping the consensus estimate 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 in the previous year, the company earned $0.19 earnings per share. The business’s quarterly revenue was down 22.6% on a year-over-year basis. On average, equities research analysts anticipate that Cross Country Healthcare will post 0.53 earnings per share for the current year.

Institutional Investors Weigh In On Cross Country Healthcare

A number of institutional investors have recently made changes to their positions in the stock. Amundi grew its stake in Cross Country Healthcare by 385.4% in the fourth quarter. Amundi now owns 26,494 shares of the business services provider’s stock valued at $483,000 after acquiring an additional 21,036 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Cross Country Healthcare by 35.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,719 shares of the business services provider’s stock worth $431,000 after purchasing an additional 6,214 shares in the last quarter. Yakira Capital Management Inc. acquired a new stake in Cross Country Healthcare during the 4th quarter worth approximately $1,013,000. Chicago Capital Management LLC bought a new position in Cross Country Healthcare in the fourth quarter valued at approximately $7,300,000. Finally, Sei Investments Co. boosted its holdings in shares of Cross Country Healthcare by 7.3% in the fourth quarter. Sei Investments Co. now owns 143,380 shares of the business services provider’s stock valued at $2,604,000 after buying an additional 9,816 shares during the period. 96.03% of the stock is owned by institutional investors and hedge funds.

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.