Cross Country Healthcare Inc. (CCRN) Sees Strong Trading Volume
Cross Country Healthcare Inc. (NASDAQ:CCRN) shares saw strong trading volume on Friday . 377,649 shares were traded during mid-day trading, an increase of 61% from the previous session’s volume of 234,812 shares.The stock last traded at $12.84 and had previously closed at $12.99.
Several equities research analysts recently commented on the company. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Cross Country Healthcare in a research note on Sunday, July 17th. Zacks Investment Research cut Cross Country Healthcare from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Finally, TheStreet raised Cross Country Healthcare from a “hold” rating to a “buy” rating in a research note on Wednesday, May 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $18.33.
The stock has a 50-day moving average of $14.56 and a 200 day moving average of $13.22. The stock has a market cap of $420.02 million and a price-to-earnings ratio of 65.38.
Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.03. During the same period last year, the firm earned $0.10 EPS. The firm had revenue of $199.40 million for the quarter, compared to the consensus estimate of $203.56 million. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities research analysts expect that Cross Country Healthcare Inc. will post $0.64 EPS for the current year.
In other news, SVP Deborah A. Dean sold 6,868 shares of the business’s stock in a transaction dated Monday, June 13th. The stock was 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 of the company’s stock, valued at approximately $662,708.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Several large investors recently added to or reduced their stakes in CCRN. Cornerstone Capital Management Holdings LLC. bought a new stake in Cross Country Healthcare during the fourth quarter worth $1,062,000. 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 worth $1,248,000 after buying an additional 8,253 shares during the period. Systematic Financial Management LP bought a new stake in Cross Country Healthcare during the fourth quarter worth $1,651,000. California Public Employees Retirement System raised its stake in Cross Country Healthcare by 21.9% in the fourth quarter. California Public Employees Retirement System now owns 130,700 shares of the company’s stock worth $2,142,000 after buying an additional 23,500 shares during the period. Finally, 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 worth $5,139,000 after buying an additional 312,016 shares during the period.
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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