Somewhat Positive Press Coverage Somewhat Unlikely to Impact Cross Country Healthcare (CCRN) Share Price
News articles about Cross Country Healthcare (NASDAQ:CCRN) have trended somewhat positive this week, Accern Sentiment reports. The research group identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cross Country Healthcare earned a news impact score of 0.04 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 45.7546912015489 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media stories that may have effected Accern’s analysis:
- Cross Country Healthcare, Inc. (NASDAQ:CCRN) Sees Light Trading Volume with 1420 Shares Changing Hands – First News 24 (firstnewspaper24.com)
- Medical Doctor Associates (MDA), LLC’s CREDENT Recertified by The National Committee for Quality Assurance (NCQA) (bizjournals.com)
- Cross Country Healthcare (CCRN) Shares Cross Above 200 DMA (thestreet.com)
- Cross Country Healthcare, Inc. (CCRN) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
- The Money Book: Bill Hopkins (labusinessjournal.com)
A number of brokerages recently issued reports on CCRN. Zacks Investment Research lowered shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Benchmark Co. reiterated a “buy” rating and issued a $17.00 target price (down previously from $18.00) on shares of Cross Country Healthcare in a research report on Wednesday, August 9th. BidaskClub lowered shares of Cross Country Healthcare from a “sell” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, UBS AG reiterated a “buy” rating and issued a $15.00 target price (down previously from $16.50) on shares of Cross Country Healthcare in a research report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.64.
Shares of Cross Country Healthcare (CCRN) traded up 0.49% during midday trading on Friday, reaching $14.23. 165,142 shares of the company’s stock were exchanged. The company has a market capitalization of $519.31 million, a PE ratio of 52.51 and a beta of 0.85. Cross Country Healthcare has a 1-year low of $10.88 and a 1-year high of $16.38. The firm has a 50-day moving average of $12.46 and a 200-day moving average of $12.87.
Cross Country Healthcare (NASDAQ:CCRN) last announced its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.07. The firm had revenue of $209.31 million during the quarter, compared to analyst estimates of $209.92 million. Cross Country Healthcare had a return on equity of 12.78% and a net margin of 1.06%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the company earned $0.16 earnings per share. Equities analysts expect that Cross Country Healthcare will post $0.61 earnings per share for the current fiscal year.
In other news, insider William J. Grubbs sold 49,113 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $12.16, for a total transaction of $597,214.08. Following the completion of the transaction, the insider now directly owns 395,188 shares in the company, valued at approximately $4,805,486.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.20% of the stock is currently owned by insiders.
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About Cross Country Healthcare
Cross Country Healthcare, Inc is engaged in providing healthcare recruiting, staffing, recruiting and workforce solutions. The Company operates in three segments: Nurse and Allied Staffing, Physician Staffing and Other Human Capital Management Services. The Nurse and Allied Staffing segment provides traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, and branch-based local nurses and allied staffing.
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