Cross Country Healthcare (NASDAQ:CCRN) Trading Up 7.6%

Cross Country Healthcare, Inc. (NASDAQ:CCRN - Get Free Report) shares traded up 7.6% on Tuesday . The company traded as high as $18.32 and last traded at $18.31. 308,580 shares were traded during trading, a decline of 32% from the average session volume of 454,273 shares. The stock had previously closed at $17.02.

Analyst Ratings Changes

Several equities research analysts have recently commented on CCRN shares. Benchmark reduced their target price on shares of Cross Country Healthcare from $24.00 to $21.00 and set a "buy" rating on the stock in a research note on Thursday, February 22nd. Barrington Research reduced their target price on shares of Cross Country Healthcare from $26.00 to $24.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 27th. TheStreet downgraded shares of Cross Country Healthcare from a "b-" rating to a "c+" rating in a research note on Friday, March 1st. Finally, Truist Financial reduced their target price on shares of Cross Country Healthcare from $22.00 to $16.00 and set a "hold" rating on the stock in a research note on Thursday, February 22nd. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $21.67.

Cross Country Healthcare Stock Performance

The company's 50-day moving average is $18.06 and its 200-day moving average is $20.33. The firm has a market cap of $616.21 million, a price-to-earnings ratio of 8.75, a P/E/G ratio of 1.85 and a beta of 0.75.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The business services provider reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. The business had revenue of $414.04 million for the quarter, compared to the consensus estimate of $404.42 million. Cross Country Healthcare had a net margin of 3.60% and a return on equity of 16.93%. The firm's quarterly revenue was down 34.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS. On average, analysts predict that Cross Country Healthcare, Inc. will post 0.94 EPS for the current year.

Insiders Place Their Bets

In other Cross Country Healthcare news, insider Karen Mote sold 6,216 shares of the business's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $16.95, for a total transaction of $105,361.20. Following the completion of the sale, the insider now directly owns 35,101 shares of the company's stock, valued at approximately $594,961.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.90% of the company's stock.

Institutional Trading of Cross Country Healthcare

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its holdings in Cross Country Healthcare by 50.5% during the 4th quarter. Pacer Advisors Inc. now owns 2,489,580 shares of the business services provider's stock worth $56,364,000 after purchasing an additional 834,941 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Cross Country Healthcare by 3.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,256,832 shares of the business services provider's stock valued at $51,095,000 after acquiring an additional 76,954 shares during the last quarter. Wasatch Advisors LP increased its stake in shares of Cross Country Healthcare by 74.3% in the 4th quarter. Wasatch Advisors LP now owns 2,193,604 shares of the business services provider's stock valued at $49,663,000 after acquiring an additional 934,841 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Cross Country Healthcare by 3.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,966,251 shares of the business services provider's stock valued at $48,743,000 after acquiring an additional 69,013 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Cross Country Healthcare by 0.3% in the 3rd quarter. Deutsche Bank AG now owns 717,762 shares of the business services provider's stock valued at $17,793,000 after acquiring an additional 2,026 shares during the last quarter. 96.03% of the stock is 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.