Cross Country Healthcare Inc. (CCRN) Shares Up 2.9%
Cross Country Healthcare Inc. (NASDAQ:CCRN) shares shot up 2.9% during mid-day trading on Tuesday . The stock traded as high as $12.09 and last traded at $12.00, with a volume of 106,282 shares changing hands. The stock had previously closed at $11.66.
Several brokerages have recently issued reports on CCRN. Cantor Fitzgerald restated a “buy” rating on shares of Cross Country Healthcare in a report on Sunday, July 17th. Zacks Investment Research cut shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. TheStreet upgraded shares of Cross Country Healthcare from a “hold” rating to a “buy” rating in a research note on Wednesday, May 4th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $16.00 price target on shares of Cross Country Healthcare in a research note on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $17.00.
The firm has a 50 day moving average price of $13.90 and a 200 day moving average price of $13.07. The firm’s market capitalization is $396.80 million.
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, beating analysts’ consensus estimates of $0.13 by $0.03. During the same quarter in the prior year, the business earned $0.10 EPS. The firm had revenue of $199.40 million for the quarter, compared to analysts’ expectations of $203.56 million. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities analysts forecast that Cross Country Healthcare Inc. will post $0.62 earnings per share for the current year.
In other news, Director W Larry Cash acquired 3,000 shares of the company’s stock in a transaction dated Friday, August 12th. The shares were bought at an average price of $12.22 per share, for a total transaction of $36,660.00. Following the completion of the purchase, the director now directly owns 99,253 shares of the company’s stock, valued at approximately $1,212,871.66. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider William J. Grubbs acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were purchased at an average price of $12.03 per share, for a total transaction of $120,300.00. Following the purchase, the insider now directly owns 347,892 shares of the company’s stock, valued at $4,185,140.76. The disclosure for this purchase can be found here.
An institutional investor recently bought a new position in Cross Country Healthcare stock. Systematic Financial Management LP acquired a new position in shares of Cross Country Healthcare Inc. (NASDAQ:CCRN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 100,765 shares of the company’s stock, valued at approximately $1,651,000. Systematic Financial Management LP owned approximately 0.31% of Cross Country Healthcare at the end of the most recent quarter.
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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