Cross Country Healthcare, Inc. (NASDAQ:CCRN) Given Average Rating of “Hold” by Analysts

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have received an average recommendation of “Hold” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $17.93.

Several brokerages recently weighed in on CCRN. Barrington Research reaffirmed a “market perform” rating and set a $18.61 price target on shares of Cross Country Healthcare in a report on Tuesday, June 17th. Wall Street Zen raised Cross Country Healthcare to a “hold” rating in a research report on Saturday, August 9th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Cross Country Healthcare by 4.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,386 shares of the business services provider’s stock valued at $334,000 after buying an additional 817 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Cross Country Healthcare by 657.5% during the fourth quarter. Millennium Management LLC now owns 405,600 shares of the business services provider’s stock valued at $7,366,000 after purchasing an additional 352,056 shares during the last quarter. ProShare Advisors LLC purchased a new stake in shares of Cross Country Healthcare during the fourth quarter valued at $441,000. Two Sigma Investments LP lifted its holdings in shares of Cross Country Healthcare by 21.8% during the fourth quarter. Two Sigma Investments LP now owns 34,733 shares of the business services provider’s stock valued at $631,000 after purchasing an additional 6,215 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its holdings in shares of Cross Country Healthcare by 508.8% during the fourth quarter. Squarepoint Ops LLC now owns 255,362 shares of the business services provider’s stock valued at $4,637,000 after purchasing an additional 213,416 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors.

Cross Country Healthcare Trading Down 1.8%

CCRN stock opened at $13.13 on Friday. The company has a market capitalization of $430.17 million, a P/E ratio of -50.50, a PEG ratio of 7.98 and a beta of 0.38. Cross Country Healthcare has a twelve month low of $9.58 and a twelve month high of $18.33. The business has a 50 day simple moving average of $13.28 and a 200-day simple moving average of $13.68.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings data on Wednesday, August 6th. The business services provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.08). The firm had revenue of $274.07 million during the quarter, compared to analyst estimates of $292.67 million. Cross Country Healthcare had a negative net margin of 0.70% and a positive return on equity of 1.72%. Research analysts predict that Cross Country Healthcare will post 0.53 EPS for the current fiscal year.

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.