Cross Country Healthcare Inc. (CCRN) Shares Down 3.3%
Shares of Cross Country Healthcare Inc. (NASDAQ:CCRN) fell 3.3% during mid-day trading on Tuesday . The company traded as low as $11.60 and last traded at $11.65, with a volume of 118,746 shares. The stock had previously closed at $12.05.
A number of brokerages have recently issued reports on CCRN. Zacks Investment Research cut Cross Country Healthcare from a “hold” rating to a “sell” rating in a report on Monday, August 8th. TheStreet cut Cross Country Healthcare from a “buy” rating to a “hold” rating in a report on Friday, August 5th. BMO Capital Markets reiterated a “buy” rating and set a $16.00 target price on shares of Cross Country Healthcare in a report on Friday, August 5th. Finally, Cantor Fitzgerald reiterated a “buy” rating on shares of Cross Country Healthcare in a report on Sunday, July 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $17.00.
The firm has a 50-day moving average price of $14.28 and a 200-day moving average price of $13.16. The company’s market capitalization is $380.97 million.
Cross Country Healthcare (NASDAQ:CCRN) last announced 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. During the same period in the prior year, the company posted $0.10 earnings per share. The business earned $199.40 million during the quarter, compared to analysts’ expectations of $203.56 million. The firm’s revenue 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 related news, SVP Deborah A. Dean sold 6,868 shares of the stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $14.34, for a total value of $98,487.12. Following the completion of the sale, the senior vice president now directly owns 46,214 shares of the company’s stock, valued at approximately $662,708.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director W Larry Cash acquired 3,000 shares of Cross Country Healthcare stock in a transaction that occurred on Friday, August 12th. The stock was acquired at an average cost of $12.22 per share, with a total value of $36,660.00. Following the completion of the purchase, the director now owns 99,253 shares in the company, valued at approximately $1,212,871.66. The disclosure for this purchase can be found here.
Other large investors have made changes to their positions in the company. I.G. Investment Management LTD. increased its stake in shares of 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 valued at $1,248,000 after buying an additional 8,253 shares in the last quarter. Ancora Advisors LLC increased its stake in shares of 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. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Cross Country Healthcare during the fourth quarter valued at about $1,062,000. Finally, Systematic Financial Management LP acquired a new stake in shares of Cross Country Healthcare during the fourth quarter valued at about $1,651,000.
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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