Cross Country Healthcare (NASDAQ:CCRN) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Tuesday, BidAskClub reports.

CCRN has been the topic of several other reports. ValuEngine cut shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of Cross Country Healthcare from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a research report on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $10.00.

Shares of NASDAQ CCRN opened at $11.97 on Tuesday. The firm’s 50-day moving average price is $11.44 and its 200-day moving average price is $9.79. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $445.11 million, a price-to-earnings ratio of 99.75, a P/E/G ratio of 8.65 and a beta of 1.29. Cross Country Healthcare has a 12-month low of $6.75 and a 12-month high of $12.99.

Cross Country Healthcare (NASDAQ:CCRN) last announced its earnings results on Tuesday, November 5th. The business services provider reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. The firm had revenue of $209.20 million for the quarter, compared to analysts’ expectations of $202.60 million. Cross Country Healthcare had a negative net margin of 9.44% and a positive return on equity of 1.30%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.02 EPS. On average, equities analysts predict that Cross Country Healthcare will post 0.14 EPS for the current fiscal year.

In other news, Director W Larry Cash acquired 5,000 shares of Cross Country Healthcare stock in a transaction that occurred on Thursday, November 7th. The shares were bought at an average cost of $12.39 per share, with a total value of $61,950.00. Following the transaction, the director now directly owns 139,306 shares of the company’s stock, valued at approximately $1,726,001.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Christopher R. Pizzi sold 8,379 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $12.45, for a total transaction of $104,318.55. Following the completion of the sale, the chief accounting officer now directly owns 42,131 shares in the company, valued at $524,530.95. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System raised its position in Cross Country Healthcare by 1.9% in the 3rd quarter. California State Teachers Retirement System now owns 55,684 shares of the business services provider’s stock worth $574,000 after purchasing an additional 1,013 shares during the period. Arizona State Retirement System raised its position in Cross Country Healthcare by 2.5% in the 2nd quarter. Arizona State Retirement System now owns 57,125 shares of the business services provider’s stock worth $536,000 after purchasing an additional 1,374 shares during the period. Pitcairn Co. raised its position in Cross Country Healthcare by 7.5% in the 2nd quarter. Pitcairn Co. now owns 31,033 shares of the business services provider’s stock worth $291,000 after purchasing an additional 2,165 shares during the period. Magnus Financial Group LLC raised its position in Cross Country Healthcare by 20.2% in the 2nd quarter. Magnus Financial Group LLC now owns 13,580 shares of the business services provider’s stock worth $127,000 after purchasing an additional 2,278 shares during the period. Finally, Atria Investments LLC purchased a new stake in Cross Country Healthcare in the 2nd quarter worth about $405,000. 95.25% of the stock is currently owned by institutional investors.

Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc provides healthcare staffing, recruiting, and workforce solutions in the United States. The company operates in three segments: Nurse and Allied Staffing, Physician Staffing, and Other Human Capital Management Services. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, branch-based local nurses, and allied staffing; short-term staffing of registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and travel allied professionals on long-term contract assignments.

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