Cross Country Healthcare, Inc. (NASDAQ:CCRN) Receives Consensus Recommendation of "Hold" from Analysts

Cross Country Healthcare, Inc. (NASDAQ:CCRN - Get Free Report) has received an average rating of "Hold" from the six ratings firms that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $17.93.

A number of equities analysts recently commented on CCRN shares. Barrington Research reaffirmed a "market perform" rating and issued a $18.61 price objective on shares of Cross Country Healthcare in a research note on Friday, March 14th. Wall Street Zen assumed coverage on Cross Country Healthcare in a research note on Thursday, May 15th. They issued a "hold" rating for the company. Finally, UBS Group lowered 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.

Cross Country Healthcare Price Performance

Shares of NASDAQ:CCRN traded up $0.11 on Wednesday, reaching $13.16. 511,141 shares of the company traded hands, compared to its average volume of 579,569. The stock has a market capitalization of $431.42 million, a PE ratio of -263.15, a P/E/G ratio of 3.32 and a beta of 0.37. The company's 50 day moving average is $13.80 and its 200-day moving average is $15.80. Cross Country Healthcare has a fifty-two week low of $9.58 and a fifty-two week high of $18.50.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. Cross Country Healthcare had a positive return on equity of 5.38% and a negative net margin of 0.12%. During the same quarter in the prior year, the firm posted $0.19 EPS. The company's quarterly revenue was down 22.6% compared to the same quarter last year. As a group, analysts expect that Cross Country Healthcare will post 0.53 EPS for the current year.

Institutional Investors Weigh In On Cross Country Healthcare

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC bought a new position in shares of Cross Country Healthcare in the fourth quarter valued at approximately $25,000. Plato Investment Management Ltd bought a new position in Cross Country Healthcare in the 4th quarter worth $46,000. Longfellow Investment Management Co. LLC acquired a new position in Cross Country Healthcare during the 1st quarter worth $59,000. AlphaQuest LLC boosted its holdings in Cross Country Healthcare by 324.6% during the first 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 period. Finally, Mint Tower Capital Management B.V. acquired a new stake in shares of Cross Country Healthcare in the fourth quarter valued at about $182,000. 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.