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

Key Points

• Cross Country Healthcare, Inc. (NASDAQ:CCRN) has received a consensus rating of "Hold" from six analyst brokerages, with an average price target set at $17.93.
• Increased institutional interest is noted, with Signaturefd LLC and BNP Paribas Financial Markets expanding their stakes by 139.9% and 50.0% respectively during the second quarter.
• In its recent earnings report, Cross Country Healthcare missed expectations, posting an earnings per share of ($0.01), falling short of the consensus estimate of $0.07.

Cross Country Healthcare, Inc. (NASDAQ:CCRN - Get Free Report) has earned an average rating of "Hold" from the six brokerages that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold rating. The average 1 year price objective among brokerages that have covered the stock in the last year is $17.93.

CCRN has been the subject of several research analyst reports. UBS Group reduced 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. Wall Street Zen upgraded shares of Cross Country Healthcare to a "hold" rating in a research report on Saturday, August 9th. Finally, Barrington Research restated 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.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Signaturefd LLC increased its stake in shares of Cross Country Healthcare by 139.9% during 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. BNP Paribas Financial Markets grew its stake in Cross Country Healthcare by 50.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,424 shares of the business services provider's stock valued at $45,000 after buying an additional 1,142 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Cross Country Healthcare by 422.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,586 shares of the business services provider's stock valued at $47,000 after buying an additional 2,899 shares during the last quarter. Longfellow Investment Management Co. LLC acquired a new position in Cross Country Healthcare in the 1st quarter valued at $59,000. Finally, AlphaQuest LLC grew its stake in Cross Country Healthcare by 324.6% in the 1st quarter. AlphaQuest LLC now owns 8,297 shares of the business services provider's stock valued at $124,000 after buying an additional 6,343 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company's stock.

Cross Country Healthcare Price Performance

Cross Country Healthcare stock opened at $14.15 on Monday. The firm has a 50 day simple moving average of $13.15 and a 200-day simple moving average of $14.29. The stock has a market capitalization of $463.55 million, a PE ratio of -54.42, a price-to-earnings-growth ratio of 7.15 and a beta of 0.35. Cross Country Healthcare has a 12-month low of $9.58 and a 12-month high of $18.33.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.08). Cross Country Healthcare had a negative net margin of 0.70% and a positive return on equity of 1.72%. The company had revenue of $274.07 million during the quarter, compared to the consensus estimate of $292.67 million. On average, analysts forecast that Cross Country Healthcare will post 0.53 earnings per share for the current fiscal year.

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.

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