Cross Country Healthcare Inc. (CCRN) Trading Up 2.5%
Cross Country Healthcare Inc. (NASDAQ:CCRN) shares were up 2.5% during mid-day trading on Thursday . The stock traded as high as $15.83 and last traded at $15.72, with a volume of 115,128 shares. The stock had previously closed at $15.34.
Several research analysts recently issued reports on CCRN shares. Cantor Fitzgerald reissued a “buy” rating and issued a $20.00 price objective on shares of Cross Country Healthcare in a research note on Thursday, March 31st. TheStreet upgraded Cross Country Healthcare from a “hold” rating to a “buy” rating in a report on Wednesday, May 4th. Finally, Zacks Investment Research lowered Cross Country Healthcare from a “buy” rating to a “hold” rating in a report on Monday, July 11th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $18.33.
The company has a market capitalization of $519.18 million and a P/E ratio of 80.82. The firm has a 50 day moving average price of $14.43 and a 200-day moving average price of $13.20.
Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The firm had revenue of $196.58 million for the quarter, compared to analysts’ expectations of $196.94 million. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 EPS. Equities research analysts forecast that Cross Country Healthcare Inc. will post $0.71 EPS for the current year.
In other news, SVP Deborah A. Dean sold 6,868 shares of Cross Country Healthcare stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $14.34, for a total transaction of $98,487.12. Following the sale, the senior vice president now owns 46,214 shares of the company’s stock, valued at approximately $662,708.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Several hedge funds have recently added to or reduced their stakes in the stock. I.G. Investment Management LTD. raised 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 last quarter. Systematic Financial Management LP purchased a new stake in Cross Country Healthcare during the fourth quarter valued at approximately $1,651,000. Bank of Montreal Can raised its stake in 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 valued at $5,139,000 after buying an additional 312,016 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new stake in Cross Country Healthcare during the fourth quarter valued at approximately $1,062,000. Finally, Engineers Gate Manager LP purchased a new stake in Cross Country Healthcare during the fourth quarter valued at approximately $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.
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