Cross Country Healthcare (NASDAQ:CCRN) Now Covered by StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) in a report issued on Thursday. The firm set a "hold" rating on the business services provider's stock.

A number of other equities analysts have also issued reports on the stock. JMP Securities reiterated a "market perform" rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. UBS Group reduced their target price on shares of 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, Barrington Research reiterated a "market perform" rating and set a $18.61 target price on shares of Cross Country Healthcare in a research report on Friday, March 14th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $17.93.

Cross Country Healthcare Stock Up 0.3%

NASDAQ:CCRN traded up $0.04 on Thursday, reaching $13.99. The stock had a trading volume of 157,900 shares, compared to its average volume of 589,227. The company has a market capitalization of $458.63 million, a P/E ratio of -279.74, a price-to-earnings-growth ratio of 3.32 and a beta of 0.38. Cross Country Healthcare has a 1-year low of $9.58 and a 1-year high of $18.50. The stock has a fifty day moving average price of $14.40 and a 200-day moving average price of $15.50.

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 negative net margin of 0.12% and a positive return on equity of 5.38%. During the same quarter last year, the business earned $0.19 EPS. Cross Country Healthcare's revenue for the quarter was down 22.6% compared to the same quarter last year. Sell-side analysts predict that Cross Country Healthcare will post 0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cross Country Healthcare

Large investors have recently bought and sold shares of the business. Quadrant Capital Group LLC acquired a new position in Cross Country Healthcare in the fourth quarter valued at approximately $25,000. Plato Investment Management Ltd acquired a new position in Cross Country Healthcare in the fourth quarter valued at approximately $46,000. Longfellow Investment Management Co. LLC acquired a new position in Cross Country Healthcare in the first quarter valued at approximately $59,000. AlphaQuest LLC increased its stake in Cross Country Healthcare by 324.6% in the first quarter. AlphaQuest LLC now owns 8,297 shares of the business services provider's stock valued at $124,000 after purchasing an additional 6,343 shares in the last quarter. Finally, Mint Tower Capital Management B.V. bought a new stake in Cross Country Healthcare in the fourth quarter valued at approximately $182,000. 96.03% of the stock is currently owned by institutional investors and hedge funds.

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.