Cross Country Healthcare Inc. (CCRN) Shares Down 1.7%
Cross Country Healthcare Inc. (NASDAQ:CCRN) was down 1.7% during trading on Tuesday . The stock traded as low as $12.08 and last traded at $12.17, with a volume of 60,816 shares trading hands. The stock had previously closed at $12.38.
Several equities research analysts have recently commented on CCRN shares. Cantor Fitzgerald reaffirmed a “buy” rating and set a $17.00 target price on shares of Cross Country Healthcare in a report on Sunday, August 7th. TheStreet raised Cross Country Healthcare from a “hold” rating to a “buy” rating in a report on Wednesday, May 4th. Zacks Investment Research downgraded Cross Country Healthcare from a “buy” rating to a “hold” rating in a report on Monday, July 11th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $16.00 target price on shares of Cross Country Healthcare in a report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $17.00.
The firm’s 50-day moving average is $13.60 and its 200-day moving average is $13.11. The firm’s market cap is $402.73 million.
Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.03. During the same period in the prior year, the business earned $0.10 earnings per share. The business had revenue of $199.40 million for the quarter, compared to analyst estimates of $203.56 million. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities research analysts predict that Cross Country Healthcare Inc. will post $0.62 EPS for the current fiscal year.
In other Cross Country Healthcare news, insider William J. Grubbs purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The stock was purchased at an average cost of $12.03 per share, with a total value of $120,300.00. Following the acquisition, the insider now directly owns 347,892 shares of the company’s stock, valued at approximately $4,185,140.76. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Deborah A. Dean sold 6,868 shares of the firm’s stock in a transaction on Monday, June 13th. The shares were sold at an average price of $14.34, for a total value of $98,487.12. Following the sale, the senior vice president now directly owns 46,214 shares of the company’s stock, valued at $662,708.76. The disclosure for this sale can be found here.
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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