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

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Get Free Report) have earned an average rating of "Hold" from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $17.93.

CCRN has been the subject of several analyst reports. Barrington Research reiterated a "market perform" rating and set a $18.61 price target on shares of Cross Country Healthcare in a research report on Friday, March 14th. UBS Group lowered their price target on shares of Cross Country Healthcare from $18.61 to $16.50 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, Wall Street Zen initiated coverage on shares of Cross Country Healthcare in a research report on Thursday, May 15th. They set a "hold" rating for the company.

Cross Country Healthcare Stock Performance

Shares of NASDAQ CCRN traded up $0.05 during trading on Wednesday, reaching $13.38. The company had a trading volume of 189,148 shares, compared to its average volume of 579,186. Cross Country Healthcare has a 52 week low of $9.58 and a 52 week high of $18.50. The business's 50 day moving average price is $13.74 and its 200-day moving average price is $15.85. The stock has a market cap of $438.64 million, a PE ratio of -267.55, a PEG ratio of 3.32 and a beta of 0.37.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last issued its quarterly earnings results 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 0.12% and a positive return on equity of 5.38%. During the same quarter in the previous year, the business posted $0.19 earnings per share. The business's quarterly revenue was down 22.6% compared to the same quarter last year. Equities analysts anticipate that Cross Country Healthcare will post 0.53 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC acquired a new stake in shares of Cross Country Healthcare during the fourth quarter worth about $25,000. Plato Investment Management Ltd bought a new stake in Cross Country Healthcare during the 4th quarter worth approximately $46,000. Longfellow Investment Management Co. LLC bought a new stake in Cross Country Healthcare during the 1st quarter worth approximately $59,000. AlphaQuest LLC increased its stake in Cross Country Healthcare by 324.6% during the 1st 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 in the last quarter. Finally, Mint Tower Capital Management B.V. acquired a new position in shares of Cross Country Healthcare in the fourth quarter valued at approximately $182,000. 96.03% of the stock is currently owned by institutional investors.

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.