Cross Country Healthcare, Inc. (NASDAQ:CCRN) Given Consensus Rating of “Hold” by Analysts

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has been assigned a consensus rating of “Hold” from the six brokerages that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $19.20.

A number of equities research analysts have recently weighed in on the company. Truist Financial lowered their target price on Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating for the company in a research note on Monday, October 21st. Barrington Research lowered their target price on Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th.

Cross Country Healthcare Trading Up 2.1 %

CCRN opened at $11.81 on Tuesday. Cross Country Healthcare has a 12-month low of $11.46 and a 12-month high of $23.64. The stock has a 50-day moving average price of $13.56 and a 200-day moving average price of $14.71. The stock has a market capitalization of $410.68 million, a P/E ratio of 9.08, a PEG ratio of 2.37 and a beta of 0.63.

Cross Country Healthcare (NASDAQ:CCRN) last released its earnings results on Wednesday, July 31st. The business services provider reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). Cross Country Healthcare had a net margin of 0.54% and a return on equity of 7.29%. The company had revenue of $339.77 million during the quarter, compared to the consensus estimate of $334.75 million. During the same period last year, the firm posted $0.69 EPS. The company’s revenue was down 37.2% on a year-over-year basis. On average, equities research analysts predict that Cross Country Healthcare will post 0.52 EPS for the current year.

Insider Buying and Selling at Cross Country Healthcare

In other Cross Country Healthcare news, insider Karen Mote sold 13,829 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $17.08, for a total transaction of $236,199.32. Following the completion of the transaction, the insider now owns 24,696 shares of the company’s stock, valued at $421,807.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Cross Country Healthcare news, insider Karen Mote sold 13,829 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $17.08, for a total transaction of $236,199.32. Following the transaction, the insider now owns 24,696 shares in the company, valued at approximately $421,807.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Cynthia Ann Grieco sold 1,945 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $17.21, for a total value of $33,473.45. Following the transaction, the vice president now owns 7,605 shares in the company, valued at $130,882.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 4.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pacer Advisors Inc. grew its stake in shares of Cross Country Healthcare by 3.8% in the 2nd quarter. Pacer Advisors Inc. now owns 4,550,848 shares of the business services provider’s stock worth $62,984,000 after buying an additional 165,032 shares during the last quarter. Boston Partners purchased a new stake in shares of Cross Country Healthcare in the 1st quarter worth approximately $2,511,000. American Century Companies Inc. grew its stake in shares of Cross Country Healthcare by 15.9% in the 2nd quarter. American Century Companies Inc. now owns 772,834 shares of the business services provider’s stock worth $10,696,000 after buying an additional 106,226 shares during the last quarter. Dana Investment Advisors Inc. grew its stake in shares of Cross Country Healthcare by 34.7% in the 2nd quarter. Dana Investment Advisors Inc. now owns 404,370 shares of the business services provider’s stock worth $5,596,000 after buying an additional 104,136 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Cross Country Healthcare by 39.9% in the 2nd quarter. AQR Capital Management LLC now owns 322,483 shares of the business services provider’s stock worth $4,463,000 after buying an additional 92,011 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

About Cross Country Healthcare

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.