Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have earned an average rating of “Hold” from the ten research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $15.64.

Several equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. TheStreet upgraded shares of Cross Country Healthcare from a “c+” rating to a “b” rating in a research note on Wednesday, September 27th. Cantor Fitzgerald reiterated a “buy” rating and set a $18.00 price objective on shares of Cross Country Healthcare in a research note on Wednesday, November 1st. BMO Capital Markets decreased their price objective on shares of Cross Country Healthcare from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Monday, November 6th. Finally, Credit Suisse Group assumed coverage on shares of Cross Country Healthcare in a research note on Tuesday, November 7th. They set a “neutral” rating and a $13.00 price objective for the company.

In related news, Director Thomas C. Dircks purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average cost of $11.77 per share, with a total value of $117,700.00. Following the completion of the acquisition, the director now directly owns 104,571 shares of the company’s stock, valued at approximately $1,230,800.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Susan E. Ball sold 25,000 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $14.19, for a total transaction of $354,750.00. Following the completion of the sale, the general counsel now directly owns 126,921 shares in the company, valued at $1,801,008.99. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

Several large investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in shares of Cross Country Healthcare by 7.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,000,840 shares of the business services provider’s stock worth $28,331,000 after acquiring an additional 133,341 shares during the period. Vanguard Group Inc. increased its holdings in shares of Cross Country Healthcare by 4.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,919,676 shares of the business services provider’s stock worth $24,783,000 after acquiring an additional 86,718 shares during the period. Benefit Street Partners LLC increased its holdings in shares of Cross Country Healthcare by 30.9% in the 2nd quarter. Benefit Street Partners LLC now owns 1,544,440 shares of the business services provider’s stock worth $19,939,000 after acquiring an additional 364,229 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Cross Country Healthcare by 12.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,448,727 shares of the business services provider’s stock worth $20,615,000 after acquiring an additional 165,624 shares during the period. Finally, Simcoe Capital Management LLC increased its holdings in shares of Cross Country Healthcare by 120.9% in the 2nd quarter. Simcoe Capital Management LLC now owns 1,227,590 shares of the business services provider’s stock worth $15,848,000 after acquiring an additional 671,885 shares during the period. 92.13% of the stock is currently owned by institutional investors.

Cross Country Healthcare (NASDAQ CCRN) traded down $0.47 during trading hours on Monday, hitting $12.76. 162,540 shares of the stock were exchanged, compared to its average volume of 231,895. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $470.41, a price-to-earnings ratio of 20.45, a PEG ratio of 1.16 and a beta of 0.73. Cross Country Healthcare has a twelve month low of $11.07 and a twelve month high of $16.38.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings data on Wednesday, November 1st. The business services provider reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The business had revenue of $228.50 million during the quarter, compared to analyst estimates of $228.97 million. Cross Country Healthcare had a net margin of 0.19% and a return on equity of 11.69%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.24 earnings per share. equities analysts expect that Cross Country Healthcare will post 0.64 earnings per share for the current year.

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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.

Analyst Recommendations for Cross Country Healthcare (NASDAQ:CCRN)

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