Cross Country Healthcare (NASDAQ:CCRN) Raised to Mkt Outperform at Citizens Jmp

Cross Country Healthcare (NASDAQ:CCRN) was upgraded by research analysts at Citizens Jmp from a “market perform” rating to a “mkt outperform” rating in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage currently has a $11.00 target price on the business services provider’s stock. Citizens Jmp’s price target would suggest a potential upside of 45.99% from the stock’s previous close.

A number of other research firms also recently issued reports on CCRN. Benchmark reiterated a “hold” rating on shares of Cross Country Healthcare in a research note on Friday, November 14th. Wall Street Zen upgraded Cross Country Healthcare to a “hold” rating in a report on Saturday, August 9th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Cross Country Healthcare in a research report on Monday. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $14.06.

Cross Country Healthcare Price Performance

Shares of CCRN traded down $1.92 during mid-day trading on Thursday, reaching $7.54. 7,564,339 shares of the company’s stock traded hands, compared to its average volume of 384,250. The stock’s 50-day moving average is $12.23 and its two-hundred day moving average is $12.89. Cross Country Healthcare has a 12 month low of $7.45 and a 12 month high of $18.30. The stock has a market cap of $246.85 million, a P/E ratio of -15.37, a P/E/G ratio of 10.23 and a beta of 0.42.

Cross Country Healthcare (NASDAQ:CCRN) last issued its earnings results on Wednesday, November 12th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $250.05 million for the quarter, compared to analysts’ expectations of $270.72 million. Cross Country Healthcare had a negative net margin of 1.39% and a positive return on equity of 0.95%. Research analysts predict that Cross Country Healthcare will post 0.53 earnings per share for the current year.

Hedge Funds Weigh In On Cross Country Healthcare

Several large investors have recently made changes to their positions in the company. Signaturefd LLC increased its holdings in shares of Cross Country Healthcare by 139.9% during the 2nd quarter. Signaturefd LLC now owns 2,193 shares of the business services provider’s stock worth $29,000 after buying an additional 1,279 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Cross Country Healthcare by 50.0% during the second quarter. BNP Paribas Financial Markets now owns 3,424 shares of the business services provider’s stock worth $45,000 after purchasing an additional 1,142 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Cross Country Healthcare by 422.0% during the second quarter. Tower Research Capital LLC TRC now owns 3,586 shares of the business services provider’s stock worth $47,000 after buying an additional 2,899 shares during the period. Longfellow Investment Management Co. LLC acquired a new stake in shares of Cross Country Healthcare in the first quarter valued at $59,000. Finally, AlphaQuest LLC raised its holdings in shares of Cross Country Healthcare by 324.6% in the 1st quarter. AlphaQuest LLC now owns 8,297 shares of the business services provider’s stock valued at $124,000 after buying an additional 6,343 shares during the period. 96.03% of the stock is currently 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.