Cross Country Healthcare, Inc. (NASDAQ:CCRN) Receives $17.93 Average Price Target from Analysts

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Get Free Report) have earned a consensus recommendation of "Hold" from the six ratings firms that are presently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $17.93.

Several brokerages have weighed in on CCRN. UBS Group dropped their target price on 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. Barrington Research reaffirmed a "market perform" rating and issued a $18.61 price objective on shares of Cross Country Healthcare in a report on Tuesday, June 17th. Finally, Wall Street Zen started coverage on shares of Cross Country Healthcare in a research note on Thursday, May 15th. They set a "hold" rating for the company.

Institutional Investors Weigh In On Cross Country Healthcare

Several institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC acquired a new stake in shares of Cross Country Healthcare in the 4th quarter worth approximately $25,000. Longfellow Investment Management Co. LLC bought a new stake in Cross Country Healthcare during the first quarter worth approximately $59,000. AlphaQuest LLC lifted its position in Cross Country Healthcare by 324.6% in the first quarter. AlphaQuest LLC now owns 8,297 shares of the business services provider's stock worth $124,000 after purchasing an additional 6,343 shares during the period. Mint Tower Capital Management B.V. bought a new position in Cross Country Healthcare during the 4th quarter valued at $182,000. Finally, Guggenheim Capital LLC acquired a new position in shares of Cross Country Healthcare during the 4th quarter valued at $201,000. Institutional investors and hedge funds own 96.03% of the company's stock.

Cross Country Healthcare Stock Performance

Cross Country Healthcare stock traded down $0.11 during trading on Friday, reaching $12.98. The company had a trading volume of 144,046 shares, compared to its average volume of 570,467. Cross Country Healthcare has a 12-month low of $9.58 and a 12-month high of $18.50. The stock's 50 day moving average price is $13.48 and its two-hundred day moving average price is $15.56. The firm has a market capitalization of $425.48 million, a price-to-earnings ratio of -24.49, a PEG ratio of 3.99 and a beta of 0.36.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.02. Cross Country Healthcare had a positive return on equity of 2.56% and a negative net margin of 1.41%. During the same quarter in the previous year, the firm earned $0.19 EPS. The business's revenue was down 22.6% on a year-over-year basis. As a group, research analysts expect 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.