Cross Country Healthcare Inc. (CCRN) Trading Up 2.9%
Cross Country Healthcare Inc. (NASDAQ:CCRN) was up 2.9% during mid-day trading on Tuesday . The stock traded as high as $12.09 and last traded at $12.00, with a volume of 106,282 shares. The stock had previously closed at $11.66.
Several equities research analysts recently issued reports on CCRN shares. Cantor Fitzgerald reissued a “buy” rating and issued a $17.00 price objective on shares of Cross Country Healthcare in a research note on Sunday, August 7th. Zacks Investment Research raised Cross Country Healthcare from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Tuesday, July 5th. TheStreet raised Cross Country Healthcare from a “hold” rating to a “buy” rating in a research note on Wednesday, May 4th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $16.00 price target on shares of Cross Country Healthcare in a research note on Friday, August 5th. One research 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 currently has an average rating of “Hold” and an average target price of $17.00.
The stock’s market capitalization is $399.44 million. The firm has a 50 day moving average price of $14.01 and a 200-day moving average price of $13.08.
Cross Country Healthcare (NASDAQ:CCRN) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates 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. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $0.10 earnings per share. On average, analysts anticipate that Cross Country Healthcare Inc. will post $0.62 earnings per share for the current fiscal year.
In other Cross Country Healthcare news, Director Thomas C. Dircks bought 10,000 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock was purchased at an average cost of $10.75 per share, with a total value of $107,500.00. Following the completion of the purchase, the director now owns 95,264 shares in the company, valued at $1,024,088. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director W Larry Cash bought 3,000 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $1,212,871.66. The disclosure for this purchase can be found here.
An institutional investor recently bought a new position in Cross Country Healthcare stock. Systematic Financial Management LP bought a new position in shares of Cross Country Healthcare Inc. (NASDAQ:CCRN) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 100,765 shares of the company’s stock, valued at approximately $1,651,000. Systematic Financial Management LP owned 0.31% of Cross Country Healthcare at the end of the most recent reporting 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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