Brokerages Set Cross Country Healthcare, Inc. (NASDAQ:CCRN) Target Price at $11.38

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has been given an average rating of “Hold” by the nine brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $11.3767.

Several analysts have issued reports on the stock. Zacks Research upgraded shares of Cross Country Healthcare from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Citigroup reiterated a “market outperform” rating on shares of Cross Country Healthcare in a research note on Friday, December 19th. Weiss Ratings restated a “sell (e+)” rating on shares of Cross Country Healthcare in a research note on Monday, December 29th. Citizens Jmp raised Cross Country Healthcare from a “market perform” rating to an “outperform” rating and set a $11.00 price target for the company in a report on Thursday, December 4th. Finally, UBS Group decreased their price objective on Cross Country Healthcare from $16.50 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, December 9th.

Cross Country Healthcare Stock Performance

NASDAQ CCRN opened at $9.02 on Thursday. The stock has a 50-day simple moving average of $8.97 and a 200 day simple moving average of $11.60. Cross Country Healthcare has a twelve month low of $7.43 and a twelve month high of $18.30. The stock has a market capitalization of $295.50 million, a PE ratio of -18.41, a P/E/G ratio of 6.01 and a beta of 0.45.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings results on Wednesday, November 12th. The business services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). Cross Country Healthcare had a positive return on equity of 0.95% and a negative net margin of 1.39%.The business had revenue of $250.05 million during the quarter, compared to the consensus estimate of $270.72 million. As a group, equities research analysts forecast that Cross Country Healthcare will post 0.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC increased its position in shares of Cross Country Healthcare by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 58,620 shares of the business services provider’s stock worth $765,000 after purchasing an additional 979 shares during the period. BNP Paribas Financial Markets lifted its position in Cross Country Healthcare by 50.0% during the second quarter. BNP Paribas Financial Markets now owns 3,424 shares of the business services provider’s stock worth $45,000 after purchasing an additional 1,142 shares during the period. Signaturefd LLC grew its stake in Cross Country Healthcare by 139.9% during the second quarter. Signaturefd LLC now owns 2,193 shares of the business services provider’s stock worth $29,000 after buying an additional 1,279 shares in the last quarter. Bank of America Corp DE increased its holdings in Cross Country Healthcare by 3.1% in the 2nd quarter. Bank of America Corp DE now owns 73,321 shares of the business services provider’s stock valued at $957,000 after buying an additional 2,198 shares during the period. Finally, Strs Ohio raised its position in shares of Cross Country Healthcare by 6.0% in the 3rd quarter. Strs Ohio now owns 44,000 shares of the business services provider’s stock valued at $625,000 after buying an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc, headquartered in Boca Raton, Florida, is a leading provider of healthcare workforce solutions in the United States. The company specializes in the recruitment, placement and management of nursing and allied health professionals on both a travel and permanent basis. Through its integrated platform, Cross Country Healthcare serves hospitals, health systems, and long-term care facilities by matching qualified clinical talent with patient care needs across diverse care settings.

The company’s core service offerings include travel nurse and allied health staffing, per diem staffing, permanent placement services, and managed services programs.