Cross Country Healthcare (NASDAQ:CCRN) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a research note published on Thursday. The firm issued a hold rating on the business services provider’s stock.

Several other research analysts have also commented on the stock. JMP Securities restated a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. UBS Group dropped their price target on shares of Cross Country Healthcare from $18.61 to $16.50 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Barrington Research reissued a “market perform” rating and issued a $18.61 price objective on shares of Cross Country Healthcare in a research report on Friday, March 14th. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Cross Country Healthcare has a consensus rating of “Hold” and an average price target of $17.93.

Cross Country Healthcare Trading Down 0.3%

CCRN stock opened at $13.95 on Thursday. The company’s 50-day moving average price is $14.43 and its 200 day moving average price is $15.46. Cross Country Healthcare has a 52 week low of $9.58 and a 52 week high of $18.50. The company has a market cap of $457.32 million, a P/E ratio of -278.94, a P/E/G ratio of 3.32 and a beta of 0.38.

Cross Country Healthcare (NASDAQ:CCRN) last posted its earnings results on Wednesday, May 7th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. Cross Country Healthcare had a positive return on equity of 5.38% and a negative net margin of 0.12%. The company’s quarterly revenue was down 22.6% compared to the same quarter last year. During the same period last year, the company posted $0.19 EPS. On average, equities research analysts expect that Cross Country Healthcare will post 0.53 earnings per share for the current year.

Institutional Trading of Cross Country Healthcare

Institutional investors and hedge funds have recently modified their holdings of the business. Zweig DiMenna Associates LLC acquired a new stake in Cross Country Healthcare in the fourth quarter worth $6,841,000. ABC Arbitrage SA acquired a new stake in shares of Cross Country Healthcare in the 4th quarter worth about $3,038,000. Ieq Capital LLC bought a new stake in Cross Country Healthcare in the 4th quarter valued at about $231,000. Wolverine Asset Management LLC acquired a new position in Cross Country Healthcare during the 4th quarter valued at about $1,109,000. Finally, Olympiad Research LP bought a new position in Cross Country Healthcare in the 4th quarter worth about $1,520,000. 96.03% of the stock is owned by institutional investors and hedge funds.

Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company’s Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; vendor neutral and managed services programs; education healthcare services; in-home care services; and outsourcing services.