Cross Country Healthcare, Inc. (NASDAQ:CCRN) Given Average Recommendation of "Hold" by Analysts

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Get Free Report) have been assigned a consensus recommendation of "Hold" from the six brokerages that are covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation. The average 1 year target price among brokerages that have covered the stock in the last year is $17.93.

Several equities research analysts recently commented on CCRN shares. Barrington Research reiterated a "market perform" rating and issued a $18.61 price objective on shares of Cross Country Healthcare in a research report on Tuesday, June 17th. Wall Street Zen started coverage on shares of Cross Country Healthcare in a research report on Thursday, May 15th. They issued a "hold" rating on the stock. Finally, UBS Group decreased their price objective on shares of Cross Country Healthcare from $18.61 to $16.50 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CCRN. Quadrant Capital Group LLC acquired a new position in Cross Country Healthcare in the 4th quarter valued at about $25,000. Longfellow Investment Management Co. LLC acquired a new position in shares of Cross Country Healthcare during the 1st quarter valued at about $59,000. AlphaQuest LLC increased its stake in shares of Cross Country Healthcare by 324.6% during the 1st quarter. AlphaQuest LLC now owns 8,297 shares of the business services provider's stock valued at $124,000 after acquiring an additional 6,343 shares during the last quarter. Mint Tower Capital Management B.V. acquired a new position in shares of Cross Country Healthcare during the 4th quarter valued at about $182,000. Finally, Guggenheim Capital LLC acquired a new position in shares of Cross Country Healthcare during the 4th quarter valued at about $201,000. Institutional investors and hedge funds own 96.03% of the company's stock.

Cross Country Healthcare Price Performance

Shares of NASDAQ CCRN traded down $0.23 during trading on Friday, hitting $12.55. 162,591 shares of the company were exchanged, compared to its average volume of 567,630. Cross Country Healthcare has a 1 year low of $9.58 and a 1 year high of $18.50. The firm's fifty day moving average price is $13.43 and its 200 day moving average price is $15.47. The company has a market cap of $411.39 million, a price-to-earnings ratio of -23.68, a PEG ratio of 3.92 and a beta of 0.36.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. Cross Country Healthcare had a negative net margin of 1.41% and a positive return on equity of 2.56%. During the same period last year, the firm posted $0.19 EPS. The firm's revenue was down 22.6% compared to the same quarter last year. On average, research analysts forecast that Cross Country Healthcare will post 0.53 earnings per share for the current year.

About Cross Country Healthcare

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.