Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Cross Country Healthcare (CCRN) Stock Price

Media stories about Cross Country Healthcare (NASDAQ:CCRN) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cross Country Healthcare earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 45.5510195743695 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Several brokerages have recently weighed in on CCRN. TheStreet raised Cross Country Healthcare from a “c+” rating to a “b” rating in a research report on Wednesday, September 27th. Cantor Fitzgerald reissued a “buy” rating and set a $18.00 target price on shares of Cross Country Healthcare in a research report on Wednesday, November 1st. Credit Suisse Group began coverage on Cross Country Healthcare in a research report on Tuesday, November 7th. They set a “neutral” rating and a $13.00 target price on the stock. BMO Capital Markets cut their target price on Cross Country Healthcare from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, November 6th. Finally, BidaskClub lowered Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $15.31.

Cross Country Healthcare (NASDAQ:CCRN) opened at $12.79 on Friday. The stock has a market capitalization of $473.80, a P/E ratio of 639.50, a P/E/G ratio of 1.96 and a beta of 0.73. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.14 and a current ratio of 2.14. Cross Country Healthcare has a 12 month low of $11.07 and a 12 month high of $16.38.

Cross Country Healthcare (NASDAQ:CCRN) last announced its earnings results on Wednesday, November 1st. The business services provider reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. Cross Country Healthcare had a return on equity of 11.69% and a net margin of 0.19%. The company had revenue of $228.50 million for the quarter, compared to the consensus estimate of $228.97 million. During the same period last year, the business posted $0.24 EPS. The company’s revenue was up 6.3% on a year-over-year basis. analysts expect that Cross Country Healthcare will post 0.64 earnings per share for the current fiscal year.

In related news, General Counsel Susan E. Ball sold 25,000 shares of Cross Country Healthcare stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $14.19, for a total value of $354,750.00. Following the sale, the general counsel now directly owns 126,921 shares in the company, valued at $1,801,008.99. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas C. Dircks purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was acquired at an average price of $11.77 per share, for a total transaction of $117,700.00. Following the completion of the purchase, the director now owns 104,571 shares of the company’s stock, valued at $1,230,800.67. The disclosure for this purchase can be found here. Company insiders own 3.90% of the company’s stock.

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Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc is engaged in providing healthcare recruiting, staffing, recruiting and workforce solutions. The Company operates in three segments: Nurse and Allied Staffing, Physician Staffing and Other Human Capital Management Services. The Nurse and Allied Staffing segment provides traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, and branch-based local nurses and allied staffing.

Insider Buying and Selling by Quarter for Cross Country Healthcare (NASDAQ:CCRN)

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