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

Key Points

• Cross Country Healthcare, Inc. has received an average rating of "Hold" from six brokerages, with a twelve-month target price of $17.93.
• Recently, Barrington Research set a price target of $18.61, while UBS lowered theirs from $18.61 to $16.50 and also issued a "neutral" rating.
• The company's most recent earnings report showed an EPS of $0.06, exceeding estimates, but revenue was down 22.6% year-over-year.

Cross Country Healthcare, Inc. (NASDAQ:CCRN - Get Free Report) has been assigned an average recommendation of "Hold" from the six ratings firms that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $17.93.

CCRN has been the subject of several recent analyst reports. UBS Group decreased their price objective on shares of Cross Country Healthcare from $18.61 to $16.50 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Barrington Research reaffirmed a "market perform" rating and issued a $18.61 price target on shares of Cross Country Healthcare in a research report on Tuesday, June 17th. Finally, Wall Street Zen assumed coverage on 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 CCRN traded down $0.41 during trading hours on Thursday, hitting $13.04. 293,002 shares of the company were exchanged, compared to its average volume of 240,179. The company has a market cap of $427.45 million, a PE ratio of -24.60, a PEG ratio of 4.07 and a beta of 0.35. The firm's 50 day moving average is $13.16 and its 200-day moving average is $14.84. Cross Country Healthcare has a 52 week low of $9.58 and a 52 week high of $18.33.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last announced its earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share (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 company earned $0.19 earnings per share. The firm's revenue for the quarter was down 22.6% compared to the same quarter last year. As a group, equities analysts forecast that Cross Country Healthcare will post 0.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CCRN. Quadrant Capital Group LLC bought a new position in shares of Cross Country Healthcare during the 4th quarter worth about $25,000. Signaturefd LLC raised its position in Cross Country Healthcare by 139.9% in the 2nd quarter. Signaturefd LLC now owns 2,193 shares of the business services provider's stock worth $29,000 after purchasing an additional 1,279 shares during the last quarter. Longfellow Investment Management Co. LLC bought a new position in Cross Country Healthcare in the first quarter valued at about $59,000. AlphaQuest LLC grew its position 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 worth $124,000 after buying an additional 6,343 shares during the period. Finally, Ballentine Partners LLC acquired a new position in shares of Cross Country Healthcare in the 2nd quarter valued at $166,000. Institutional investors own 96.03% of the company's stock.

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.