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

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Get Free Report) have been assigned an average recommendation of "Hold" from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $17.93.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Strs Ohio bought a new position in shares of Cross Country Healthcare during the first quarter valued at about $536,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Cross Country Healthcare by 7.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 115,823 shares of the business services provider's stock valued at $1,725,000 after buying an additional 8,490 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Cross Country Healthcare by 56.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,095,178 shares of the business services provider's stock valued at $16,307,000 after buying an additional 397,216 shares during the last quarter. PenderFund Capital Management Ltd. grew its stake in shares of Cross Country Healthcare by 5.4% during the first quarter. PenderFund Capital Management Ltd. now owns 27,100 shares of the business services provider's stock valued at $404,000 after buying an additional 1,400 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Cross Country Healthcare by 82.4% during the first quarter. Alliancebernstein L.P. now owns 2,343,484 shares of the business services provider's stock valued at $34,894,000 after buying an additional 1,058,544 shares during the last quarter. 96.03% of the stock is owned by institutional investors.

Cross Country Healthcare Trading Up 1.2%

Shares of Cross Country Healthcare stock traded up $0.15 during trading on Friday, hitting $12.90. The stock had a trading volume of 19,829 shares, compared to its average volume of 567,011. The firm has a market cap of $422.90 million, a price-to-earnings ratio of -24.34, a P/E/G ratio of 3.99 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 business's 50-day moving average is $13.47 and its 200 day moving average is $15.51.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. Cross Country Healthcare had a negative net margin of 1.41% and a positive return on equity of 2.56%. During the same period in the previous year, the company earned $0.19 EPS. The company's revenue was down 22.6% on a year-over-year basis. As a group, equities analysts expect 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.