Zacks Investment Research downgraded shares of Cross Country Healthcare (NASDAQ:CCRN) from a hold rating to a sell rating in a research note published on Monday, Zacks.com reports.

According to Zacks, “Cross Country Healthcare, Inc. is a national leader in providing innovative healthcare workforce solutions and staffing services. Their diverse client base includes both clinical and nonclinical settings, servicing acute care hospitals, physician practice groups, outpatient and ambulatory-care centers, nursing facilities, both public schools and charter schools, rehabilitation and sports medicine clinics, government facilities, and homecare. They are able to place clinicians on travel and per diem assignments, local short-term contracts and permanent positions. They are a market leader in providing flexible workforce management solutions, which include managed services programs (MSP), internal resource pool consulting and development, electronic medical record (EMR) transition staffing, recruitment process outsourcing, predictive modeling and other outsourcing and consultative services. “

Several other research firms have also commented on CCRN. SunTrust Banks decreased their price target on shares of Cross Country Healthcare from $9.00 to $7.00 and set a hold rating for the company in a research report on Friday, May 8th. BidaskClub raised shares of Cross Country Healthcare from a sell rating to a hold rating in a research report on Wednesday, March 18th. TheStreet lowered shares of Cross Country Healthcare from a c- rating to a d+ rating in a report on Monday, April 6th. Oppenheimer reiterated a hold rating on shares of Cross Country Healthcare in a report on Friday, May 15th. Finally, Barrington Research lowered their price objective on Cross Country Healthcare from $11.00 to $9.00 and set an outperform rating for the company in a research report on Monday, May 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $8.08.

Cross Country Healthcare stock opened at $5.78 on Monday. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.53. The firm has a market cap of $218.77 million, a P/E ratio of 48.67, a P/E/G ratio of 48.67 and a beta of 1.03. The business has a fifty day moving average of $6.01 and a two-hundred day moving average of $7.86. Cross Country Healthcare has a twelve month low of $4.50 and a twelve month high of $13.42.

Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings results on Thursday, May 7th. The business services provider reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. Cross Country Healthcare had a positive return on equity of 2.80% and a negative net margin of 6.93%. The firm had revenue of $210.06 million during the quarter, compared to analyst estimates of $210.01 million. During the same period in the previous year, the company posted $0.02 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities analysts expect that Cross Country Healthcare will post 0.01 earnings per share for the current year.

In other news, Director Joseph Trunfio acquired 16,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were acquired at an average cost of $6.20 per share, with a total value of $99,200.00. Following the completion of the acquisition, the director now owns 170,506 shares of the company’s stock, valued at $1,057,137.20. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Kevin Cronin Clark acquired 4,713 shares of Cross Country Healthcare stock in a transaction dated Monday, June 15th. The stock was purchased at an average price of $5.74 per share, with a total value of $27,052.62. Following the completion of the purchase, the chief executive officer now owns 512,214 shares of the company’s stock, valued at $2,940,108.36. The disclosure for this purchase can be found here. Insiders purchased a total of 77,528 shares of company stock valued at $434,886 over the last quarter. 5.30% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Canandaigua National Corp acquired a new stake in shares of Cross Country Healthcare in the second quarter worth $76,000. Royal Bank of Canada boosted its holdings in Cross Country Healthcare by 127.2% in the first quarter. Royal Bank of Canada now owns 17,217 shares of the business services provider’s stock valued at $116,000 after purchasing an additional 9,639 shares during the last quarter. State of Tennessee Treasury Department boosted its holdings in Cross Country Healthcare by 157.5% in the first quarter. State of Tennessee Treasury Department now owns 31,972 shares of the business services provider’s stock valued at $216,000 after purchasing an additional 19,557 shares during the last quarter. FDx Advisors Inc. acquired a new stake in Cross Country Healthcare during the 1st quarter worth about $50,000. Finally, AQR Capital Management LLC raised its stake in shares of Cross Country Healthcare by 1.3% during the 1st quarter. AQR Capital Management LLC now owns 221,380 shares of the business services provider’s stock valued at $1,492,000 after buying an additional 2,815 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

About Cross Country Healthcare

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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