Cross Country Healthcare Inc. (CCRN) Stock Price Down 3.3%
Cross Country Healthcare Inc. (NASDAQ:CCRN) shares were down 3.3% on Tuesday . The company traded as low as $11.60 and last traded at $11.65, with a volume of 118,746 shares changing hands. The stock had previously closed at $12.05.
A number of research analysts have recently weighed in on CCRN shares. Zacks Investment Research upgraded Cross Country Healthcare from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Tuesday, July 5th. TheStreet raised Cross Country Healthcare from a “hold” rating to a “buy” rating in a research report on Wednesday, May 4th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $17.00 price target on shares of Cross Country Healthcare in a research report on Sunday, August 7th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $16.00 price target 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 given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $17.00.
The company’s 50 day moving average price is $14.19 and its 200 day moving average price is $13.12. The firm’s market capitalization is $376.02 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. On average, analysts anticipate that Cross Country Healthcare Inc. will post $0.62 EPS for the current fiscal year.
In other Cross Country Healthcare news, 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 directly owns 347,892 shares in the company, valued at approximately $4,185,140.76. The disclosure for this purchase can be found here.
Several hedge funds and institutional investors have recently bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. purchased a new position in Cross Country Healthcare during the fourth quarter worth $1,062,000. Ancora Advisors LLC increased its position in Cross Country Healthcare by 82.1% in the fourth quarter. Ancora Advisors LLC now owns 88,700 shares of the company’s stock worth $1,107,000 after buying an additional 40,000 shares during the period. 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 period. Finally, Systematic Financial Management LP purchased a new position in Cross Country Healthcare during the fourth quarter worth $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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