StockNews.com Begins Coverage on Cross Country Healthcare (NASDAQ:CCRN)

StockNews.com started coverage on shares of Cross Country Healthcare (NASDAQ:CCRN – Get Rating) in a research report released on Thursday. The brokerage issued a hold rating on the business services provider’s stock.

Other equities analysts have also recently issued reports about the stock. Loop Capital assumed coverage on shares of Cross Country Healthcare in a report on Thursday, March 9th. They issued a buy rating and a $30.00 target price on the stock. Credit Suisse Group lifted their target price on shares of Cross Country Healthcare from $31.00 to $32.00 and gave the company a neutral rating in a report on Thursday, February 23rd. Finally, Benchmark cut their target price on shares of Cross Country Healthcare from $45.00 to $40.00 and set a buy rating on the stock in a report on Thursday, February 23rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Cross Country Healthcare presently has a consensus rating of Moderate Buy and a consensus price target of $36.60.

Cross Country Healthcare Stock Down 3.7 %

CCRN stock opened at $22.34 on Thursday. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 0.33. Cross Country Healthcare has a twelve month low of $15.26 and a twelve month high of $40.12. The company’s 50 day moving average is $26.70 and its two-hundred day moving average is $29.53. The stock has a market cap of $822.56 million, a P/E ratio of 4.46, a PEG ratio of 1.22 and a beta of 1.04.

Cross Country Healthcare (NASDAQ:CCRN – Get Rating) last released its quarterly earnings data on Wednesday, February 22nd. The business services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.19. Cross Country Healthcare had a net margin of 6.71% and a return on equity of 48.00%. The company had revenue of $628.22 million for the quarter, compared to analysts’ expectations of $594.57 million. During the same quarter last year, the company earned $1.40 earnings per share. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. Research analysts expect that Cross Country Healthcare will post 3.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cross Country Healthcare

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. purchased a new position in Cross Country Healthcare in the 4th quarter valued at $214,000. Truist Financial Corp purchased a new position in Cross Country Healthcare in the 4th quarter valued at $504,000. Coppell Advisory Solutions Corp. purchased a new position in Cross Country Healthcare in the 4th quarter valued at $39,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Cross Country Healthcare in the 4th quarter valued at $1,602,000. Finally, Point72 Middle East FZE purchased a new position in Cross Country Healthcare in the 4th quarter valued at $339,000. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

Cross Country Healthcare Company Profile

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Cross Country Healthcare, Inc engages in the provision of healthcare staffing and workforce management solutions. It operates through the Nurse and Allied Staffing and Physician Staffing segments. The Nurse and Allied Staffing segment provides workforce solutions and traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, branch-based local nurses, and allied staffing.