Brokerages Set Cross Country Healthcare, Inc. (NASDAQ:CCRN) Price Target at $17.93

Key Points

• Cross Country Healthcare, Inc. has received an average analyst recommendation of "Hold" and a 12-month price target of $17.93.
• The company's stock is currently priced at $13.66 and has reported a negative earnings per share of ($0.01), missing analyst expectations.
• Institutional investors own 96.03% of Cross Country Healthcare's stock, indicating strong institutional interest in the company.

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

Several equities analysts have recently issued reports on CCRN shares. Wall Street Zen raised Cross Country Healthcare to a "hold" rating in a research report on Saturday, August 9th. Barrington Research restated a "market perform" rating and issued a $18.61 target price on shares of Cross Country Healthcare in a research report on Tuesday, June 17th.

Institutional Trading of Cross Country Healthcare

A number of institutional investors have recently modified their holdings of CCRN. Signaturefd LLC grew its stake in shares of Cross Country Healthcare by 139.9% in the second quarter. Signaturefd LLC now owns 2,193 shares of the business services provider's stock worth $29,000 after acquiring an additional 1,279 shares during the period. BNP Paribas Financial Markets lifted its stake in Cross Country Healthcare by 50.0% in the second quarter. BNP Paribas Financial Markets now owns 3,424 shares of the business services provider's stock valued at $45,000 after buying an additional 1,142 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Cross Country Healthcare by 422.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,586 shares of the business services provider's stock valued at $47,000 after purchasing an additional 2,899 shares during the last quarter. Longfellow Investment Management Co. LLC bought a new position in Cross Country Healthcare during the 1st quarter worth approximately $59,000. Finally, AlphaQuest LLC grew 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 worth $124,000 after acquiring an additional 6,343 shares during the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Cross Country Healthcare Stock Down 0.9%

NASDAQ CCRN traded down $0.12 during mid-day trading on Friday, hitting $13.54. The stock had a trading volume of 690,296 shares, compared to its average volume of 386,047. The company has a 50 day simple moving average of $13.23 and a 200 day simple moving average of $13.72. Cross Country Healthcare has a 52-week low of $9.58 and a 52-week high of $18.33. The company has a market cap of $443.60 million, a price-to-earnings ratio of -52.08, a P/E/G ratio of 8.08 and a beta of 0.38.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The business services provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.08). Cross Country Healthcare had a negative net margin of 0.70% and a positive return on equity of 1.72%. The firm had revenue of $274.07 million during the quarter, compared to analysts' expectations of $292.67 million. As a group, equities analysts anticipate that Cross Country Healthcare will post 0.53 earnings per share 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.