Cross Country Healthcare, Inc. (NASDAQ:CCRN) Receives $17.93 Consensus PT from Brokerages

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

A number of analysts have recently issued reports on CCRN shares. UBS Group lowered their price objective on 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. Barrington Research restated a "market perform" rating and set a $18.61 price objective on shares of Cross Country Healthcare in a research report on Tuesday, June 17th. Finally, Wall Street Zen started coverage on Cross Country Healthcare in a research report on Thursday, May 15th. They issued a "hold" rating on the stock.

Cross Country Healthcare Price Performance

Shares of CCRN traded down $0.23 on Friday, reaching $12.55. 162,591 shares of the stock traded hands, compared to its average volume of 567,630. The firm has a market cap of $411.39 million, a price-to-earnings ratio of -23.68, a P/E/G ratio of 3.92 and a beta of 0.36. Cross Country Healthcare has a 12 month low of $9.58 and a 12 month high of $18.50. The stock's 50-day moving average price is $13.43 and its 200-day moving average price is $15.47.

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

Institutional Trading of Cross Country Healthcare

Large investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in Cross Country Healthcare by 1,164.0% in the first quarter. GAMMA Investing LLC now owns 29,944 shares of the business services provider's stock valued at $446,000 after acquiring an additional 27,575 shares during the period. Millennium Management LLC boosted its stake in Cross Country Healthcare by 657.5% in the fourth quarter. Millennium Management LLC now owns 405,600 shares of the business services provider's stock worth $7,366,000 after purchasing an additional 352,056 shares in the last quarter. Amundi boosted its stake in Cross Country Healthcare by 385.4% in the fourth quarter. Amundi now owns 26,494 shares of the business services provider's stock worth $483,000 after purchasing an additional 21,036 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Cross Country Healthcare by 35.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,719 shares of the business services provider's stock worth $431,000 after purchasing an additional 6,214 shares in the last quarter. Finally, Yakira Capital Management Inc. acquired a new position in Cross Country Healthcare in the fourth quarter worth $1,013,000. 96.03% of the stock is currently owned by institutional investors.

About Cross Country Healthcare

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.