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

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

Several equities analysts recently issued reports on CCRN shares. Wall Street Zen started coverage on shares of Cross Country Healthcare in a research note on Thursday, May 15th. They set a "hold" rating on the stock. Barrington Research reaffirmed a "market perform" rating and set a $18.61 price target on shares of Cross Country Healthcare in a research note on Friday, March 14th. JMP Securities reaffirmed a "market perform" rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Finally, UBS Group cut their price target on shares of Cross Country Healthcare from $18.61 to $16.50 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th.

Institutional Investors Weigh In On Cross Country Healthcare

Several large investors have recently made changes to their positions in CCRN. Zweig DiMenna Associates LLC acquired a new stake in shares of Cross Country Healthcare in the fourth quarter worth $6,841,000. ABC Arbitrage SA acquired a new stake in shares of Cross Country Healthcare in the fourth quarter worth $3,038,000. Ieq Capital LLC acquired a new stake in shares of Cross Country Healthcare in the fourth quarter worth $231,000. Wolverine Asset Management LLC acquired a new stake in shares of Cross Country Healthcare in the fourth quarter worth $1,109,000. Finally, Olympiad Research LP acquired a new stake in shares of Cross Country Healthcare in the fourth quarter worth $1,520,000. Institutional investors and hedge funds own 96.03% of the company's stock.

Cross Country Healthcare Stock Down 1.8%

Shares of CCRN traded down $0.25 on Friday, hitting $13.52. 146,957 shares of the stock traded hands, compared to its average volume of 584,995. The firm has a market capitalization of $443.23 million, a P/E ratio of -270.35, a P/E/G ratio of 3.32 and a beta of 0.38. The stock's 50 day moving average is $14.25 and its two-hundred day moving average is $15.54. Cross Country Healthcare has a 1 year low of $9.58 and a 1 year high of $18.50.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, beating 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%. The firm's revenue was down 22.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.19 EPS. Research analysts forecast that Cross Country Healthcare will post 0.53 EPS for the current 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.