Cross Country Healthcare Inc. (CCRN) Stock Price Up 3.6%
Cross Country Healthcare Inc. (NASDAQ:CCRN)’s share price rose 3.6% on Thursday . The company traded as high as $16.00 and last traded at $15.97, with a volume of 150,124 shares traded. The stock had previously closed at $15.41.
CCRN has been the topic of a number of recent research reports. TheStreet upgraded shares of Cross Country Healthcare from a “hold” rating to a “buy” rating in a research report on Wednesday, May 4th. Cantor Fitzgerald restated a “buy” rating and set a $20.00 price target on shares of Cross Country Healthcare in a research report on Thursday, March 31st. Finally, Zacks Investment Research upgraded shares of Cross Country Healthcare from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Tuesday, July 5th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $18.33.
The firm’s 50-day moving average is $14.25 and its 200-day moving average is $13.21. The stock has a market cap of $512.92 million and a P/E ratio of 79.85.
Cross Country Healthcare (NASDAQ:CCRN) last released its earnings results on Wednesday, May 4th. The company reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. During the same quarter last year, the business posted $0.03 EPS. The firm earned $196.58 million during the quarter, compared to analyst estimates of $196.94 million. The firm’s revenue was up 5.7% on a year-over-year basis. Equities research analysts predict that Cross Country Healthcare Inc. will post $0.71 earnings per share for the current fiscal year.
In other news, SVP Deborah A. Dean sold 6,868 shares of the firm’s stock in a transaction on Monday, June 13th. The shares were sold at an average price of $14.34, for a total value of $98,487.12. Following the completion of the sale, the senior vice president now owns 46,214 shares in the company, valued at approximately $662,708.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Other hedge funds have recently added to or reduced their stakes in the company. I.G. Investment Management LTD. boosted its stake in Cross Country Healthcare by 12.2% in the fourth quarter. I.G. Investment Management LTD. now owns 76,136 shares of the company’s stock valued at $1,248,000 after buying an additional 8,253 shares during the period. Systematic Financial Management LP bought a new position in shares of Cross Country Healthcare during the fourth quarter worth about $1,651,000. Bank of Montreal Can increased its position in shares of Cross Country Healthcare by 19,623.6% in the fourth quarter. Bank of Montreal Can now owns 313,606 shares of the company’s stock worth $5,139,000 after buying an additional 312,016 shares in the last quarter. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Cross Country Healthcare during the fourth quarter worth about $1,062,000. Finally, Engineers Gate Manager LP bought a new position in shares of Cross Country Healthcare during the fourth quarter worth about $1,038,000.
Cross Country Healthcare, Inc (CCRN) is engaged in providing healthcare recruiting, staffing and workforce solutions. The Company operates in three segments: Nurse and Allied Staffing, Physician Staffing and Other Human Capital Management Services. Its nurse and allied staffing segment is engaged in providing traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, and branch-based local nurses and allied staffing through its Cross Country Staffing brand, MSN, AHG, Mediscan and DirectEd brands.