Cross Country Healthcare Inc. (CCRN) Shares Up 2.5%
Shares of Cross Country Healthcare Inc. (NASDAQ:CCRN) shot up 2.5% during mid-day trading on Thursday . The company traded as high as $15.83 and last traded at $15.72, with a volume of 115,128 shares changing hands. The stock had previously closed at $15.34.
A number of research firms have issued reports on CCRN. Cantor Fitzgerald reissued a “buy” rating on shares of Cross Country Healthcare in a report on Sunday, July 17th. Zacks Investment Research downgraded shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a report on Monday, July 11th. Finally, TheStreet raised shares of Cross Country Healthcare from a “hold” rating to a “buy” rating in a report on Wednesday, May 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $18.33.
The stock has a market capitalization of $521.49 million and a P/E ratio of 81.18. The firm has a 50 day moving average price of $14.48 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $196.58 million for the quarter, compared to the consensus estimate of $196.94 million. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.03 earnings per share. On average, analysts forecast that Cross Country Healthcare Inc. will post $0.71 earnings per share for the current year.
In related news, SVP Deborah A. Dean sold 6,868 shares of the firm’s stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $14.34, for a total transaction of $98,487.12. Following the transaction, the senior vice president now directly owns 46,214 shares of the company’s stock, valued at $662,708.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
A number of hedge funds recently bought and sold shares of CCRN. I.G. Investment Management LTD. increased 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 about $1,651,000. Bank of Montreal Can increased 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. Cornerstone Capital Management Holdings LLC. bought a new stake in Cross Country Healthcare during the fourth quarter worth about $1,062,000. Finally, California Public Employees Retirement System increased 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.
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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