Cross Country Healthcare, Inc. (CCRN) Given Consensus Recommendation of “Hold” by Brokerages

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has been assigned a consensus recommendation of “Hold” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $10.00.

CCRN has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. BidaskClub upgraded shares of Cross Country Healthcare from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 25th. SunTrust Banks cut shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. BMO Capital Markets dropped their target price on shares of Cross Country Healthcare from $10.00 to $8.00 and set a “market perform” rating for the company in a research report on Thursday, February 28th. Finally, ValuEngine cut shares of Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th.

Several institutional investors have recently made changes to their positions in the stock. Systematic Financial Management LP grew its holdings in Cross Country Healthcare by 45.6% during the 1st quarter. Systematic Financial Management LP now owns 1,717,400 shares of the business services provider’s stock worth $12,073,000 after acquiring an additional 538,160 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Cross Country Healthcare by 38.5% during the 1st quarter. JPMorgan Chase & Co. now owns 1,815,353 shares of the business services provider’s stock worth $12,762,000 after acquiring an additional 504,192 shares during the last quarter. Tocqueville Asset Management L.P. grew its holdings in Cross Country Healthcare by 112.7% during the 1st quarter. Tocqueville Asset Management L.P. now owns 553,400 shares of the business services provider’s stock worth $3,890,000 after acquiring an additional 293,250 shares during the last quarter. Vanguard Group Inc grew its holdings in Cross Country Healthcare by 12.3% during the 3rd quarter. Vanguard Group Inc now owns 2,393,553 shares of the business services provider’s stock worth $20,896,000 after acquiring an additional 262,049 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Cross Country Healthcare by 12.3% during the 3rd quarter. Vanguard Group Inc. now owns 2,393,553 shares of the business services provider’s stock worth $20,896,000 after acquiring an additional 262,049 shares during the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

Shares of CCRN stock traded up $0.05 during mid-day trading on Monday, reaching $7.72. The company’s stock had a trading volume of 13,422 shares, compared to its average volume of 209,534. Cross Country Healthcare has a 1-year low of $6.75 and a 1-year high of $12.75. The stock has a market cap of $282.46 million, a price-to-earnings ratio of 64.58, a P/E/G ratio of 14.16 and a beta of 1.09. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.08 and a current ratio of 2.08.

Cross Country Healthcare (NASDAQ:CCRN) last announced its quarterly earnings data on Wednesday, May 1st. The business services provider reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.06. Cross Country Healthcare had a negative net margin of 2.54% and a positive return on equity of 1.19%. The company had revenue of $195.10 million during the quarter, compared to analysts’ expectations of $198.47 million. During the same quarter in the prior year, the company posted $0.06 EPS. The business’s revenue was down 7.2% on a year-over-year basis. On average, sell-side analysts predict that Cross Country Healthcare will post 0.05 earnings per share for the current year.

About Cross Country Healthcare

Cross Country Healthcare, Inc provides healthcare staffing, recruiting, and workforce solutions in the United States. The company operates in three segments: Nurse and Allied Staffing, Physician Staffing, and Other Human Capital Management Services. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, branch-based local nurses, and allied staffing; short-term staffing of registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and travel allied professionals on long-term contract assignments.

See Also: Different Options Trading Strategies

Analyst Recommendations for Cross Country Healthcare (NASDAQ:CCRN)

Receive News & Ratings for Cross Country Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cross Country Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit