Cross Country Healthcare Inc. (CCRN) Shares Down 1.7%
Shares of Cross Country Healthcare Inc. (NASDAQ:CCRN) dropped 1.7% on Tuesday . The stock traded as low as $12.08 and last traded at $12.17, with a volume of 60,816 shares traded. The stock had previously closed at $12.38.
CCRN has been the subject of several recent analyst reports. Zacks Investment Research upgraded Cross Country Healthcare from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Tuesday, July 5th. TheStreet upgraded 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 $17.00 price objective on shares of Cross Country Healthcare in a research report on Sunday, August 7th. Finally, BMO Capital Markets restated a “buy” rating and set a $16.00 price objective on shares of Cross Country Healthcare in a research report on Friday, August 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Cross Country Healthcare presently has an average rating of “Hold” and a consensus price target of $17.00.
The company’s 50-day moving average is $13.51 and its 200-day moving average is $13.11. The stock’s market capitalization is $399.77 million.
Cross Country Healthcare (NASDAQ:CCRN) last posted its earnings results on Wednesday, August 3rd. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $199.40 million for the quarter, compared to analysts’ expectations of $203.56 million. During the same quarter last year, the company posted $0.10 EPS. The firm’s revenue was up 3.5% on a year-over-year basis. Analysts anticipate that Cross Country Healthcare Inc. will post $0.62 EPS for the current fiscal year.
In other news, insider William J. Grubbs bought 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, for a total transaction of $120,300.00. Following the acquisition, the insider now owns 347,892 shares of the company’s stock, valued at $4,185,140.76. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Deborah A. Dean sold 6,868 shares of the company’s stock in a transaction that occurred 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 owns 46,214 shares in the company, valued at approximately $662,708.76. The disclosure for this sale can be found here.
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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