Cross Country Healthcare (NASDAQ:CCRN) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) in a research report issued to clients and investors on Wednesday. The brokerage set a "hold" rating on the business services provider's stock.

Several other equities research analysts have also recently weighed in on the company. Barrington Research reaffirmed a "market perform" rating and issued a $18.61 price target on shares of Cross Country Healthcare in a research note on Friday, March 14th. JMP Securities reaffirmed a "market perform" rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $18.41.

Cross Country Healthcare Trading Down 0.1%

CCRN stock traded down $0.01 during midday trading on Wednesday, hitting $14.00. The company had a trading volume of 7,330 shares, compared to its average volume of 590,577. Cross Country Healthcare has a 52 week low of $9.58 and a 52 week high of $18.50. The stock's 50 day moving average price is $14.61 and its 200 day moving average price is $15.45. The stock has a market cap of $458.96 million, a price-to-earnings ratio of -280.74, a PEG ratio of 3.32 and a beta of 0.38.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.02. Cross Country Healthcare had a positive return on equity of 5.38% and a negative net margin of 0.12%. During the same period in the prior year, the company earned $0.19 earnings per share. The firm's quarterly revenue was down 22.6% on a year-over-year basis. Analysts predict that Cross Country Healthcare will post 0.53 earnings per share for the current year.

Institutional Investors Weigh In On Cross Country Healthcare

Institutional investors and hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC purchased a new position in shares of Cross Country Healthcare during the 4th quarter valued at about $25,000. Plato Investment Management Ltd purchased a new position in shares of Cross Country Healthcare during the 4th quarter valued at about $46,000. Mint Tower Capital Management B.V. purchased a new position in shares of Cross Country Healthcare during the 4th quarter valued at about $182,000. Guggenheim Capital LLC purchased a new position in shares of Cross Country Healthcare during the 4th quarter valued at about $201,000. Finally, Virtu Financial LLC purchased a new position in shares of Cross Country Healthcare during the 3rd quarter valued at about $153,000. Institutional investors own 96.03% of the company's stock.

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.