Cross Country Healthcare Inc. (CCRN) Sees Large Volume Increase
Shares of Cross Country Healthcare Inc. (NASDAQ:CCRN) saw strong trading volume on Friday . 377,649 shares traded hands 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.
A number of research analysts recently weighed in on the stock. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Cross Country Healthcare in a research report on Sunday, July 17th. Zacks Investment Research downgraded shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a research report on Monday, July 11th. TheStreet raised shares of Cross Country Healthcare from a “hold” rating to a “buy” rating in a research report on Wednesday, May 4th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $16.00 price target on shares of Cross Country Healthcare in a research note on Friday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.00.
The company’s 50 day moving average price is $14.56 and its 200 day moving average price is $13.22. The stock’s market capitalization is $409.07 million.
Cross Country Healthcare (NASDAQ:CCRN) last released its earnings results on Wednesday, August 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.03. The company had revenue of $199.40 million for the quarter, compared to analyst estimates of $203.56 million. During the same quarter in the previous year, the firm earned $0.10 EPS. The firm’s revenue was up 3.5% on a year-over-year basis. On average, equities analysts expect that Cross Country Healthcare Inc. will post $0.62 EPS for the current year.
In related news, SVP Deborah A. Dean sold 6,868 shares of the business’s stock in a transaction on 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 owns 46,214 shares in the company, valued at approximately $662,708.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Other hedge funds and institutional investors recently added to or reduced their stakes in the company. 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 last quarter. Systematic Financial Management LP bought a new position in Cross Country Healthcare during the fourth quarter worth about $1,651,000. Bank of Montreal Can increased its position 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 last quarter. Cornerstone Capital Management Holdings LLC. bought a new position in Cross Country Healthcare during the fourth quarter worth about $1,062,000. Finally, California Public Employees Retirement System increased its position 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 last 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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