Cross Country Healthcare Inc. (CCRN) Sees Strong Trading Volume
Cross Country Healthcare Inc. (NASDAQ:CCRN) shares saw an uptick in trading volume on Wednesday . 385,369 shares were traded during mid-day trading, an increase of 18% from the previous session’s volume of 327,249 shares.The stock last traded at $11.11 and had previously closed at $11.55.
A number of brokerages recently issued reports on CCRN. TheStreet cut Cross Country Healthcare from a “buy” rating to a “hold” rating in a report on Friday, August 5th. Zacks Investment Research downgraded Cross Country Healthcare from a “hold” rating to a “sell” rating in a report on Monday, August 8th. Cantor Fitzgerald reiterated a “buy” rating and set a $17.00 price target on shares of Cross Country Healthcare in a report on Sunday, August 7th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $16.00 price target on shares of Cross Country Healthcare in a report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.00.
The stock’s market cap is $376.02 million. The company’s 50-day moving average price is $14.19 and its 200 day moving average price is $13.12.
Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. The firm had revenue of $199.40 million for the quarter, compared to analyst estimates of $203.56 million. During the same period in the prior year, the company posted $0.10 EPS. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. Analysts forecast that Cross Country Healthcare Inc. will post $0.62 EPS for the current fiscal year.
In other news, insider William J. Grubbs acquired 10,000 shares of Cross Country Healthcare stock in a transaction on Wednesday, August 10th. The shares were purchased at an average price of $12.03 per share, with a total value of $120,300.00. Following the acquisition, the insider now owns 347,892 shares in the company, valued at $4,185,140.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Deborah A. Dean sold 6,868 shares of the company’s stock in a transaction on Monday, June 13th. The stock was sold at an average price of $14.34, for a total value of $98,487.12. Following the transaction, the senior vice president now directly owns 46,214 shares in the company, valued at approximately $662,708.76. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have recently bought and sold shares of CCRN. Ancora Advisors LLC increased its position in Cross Country Healthcare by 82.1% in the fourth quarter. Ancora Advisors LLC now owns 88,700 shares of the company’s stock valued at $1,107,000 after buying an additional 40,000 shares in the last quarter. I.G. Investment Management LTD. increased its position 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 position in Cross Country Healthcare during the fourth quarter worth $1,651,000. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in Cross Country Healthcare during the fourth quarter worth $1,062,000.
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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