Analysts Set Cross Country Healthcare, Inc. (NASDAQ:CCRN) PT at $12.72

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have received a consensus rating of “Reduce” from the ten brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating and nine have issued a hold rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $12.72.

A number of equities analysts have weighed in on the company. Citigroup lowered Cross Country Healthcare from a “market outperform” rating to a “market perform” rating in a research report on Thursday, May 7th. Citizens Jmp lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 7th. Benchmark lowered Cross Country Healthcare from a “buy” rating to a “hold” rating in a research report on Friday, May 8th. Wedbush lowered Cross Country Healthcare from an “outperform” rating to a “hold” rating and decreased their target price for the stock from $15.00 to $13.25 in a research report on Thursday, May 7th. Finally, Weiss Ratings raised Cross Country Healthcare from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday.

Hedge Funds Weigh In On Cross Country Healthcare

Hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its position in shares of Cross Country Healthcare by 50.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 3,424 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 1,142 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Cross Country Healthcare during the 4th quarter valued at about $46,000. Tower Research Capital LLC TRC increased its position in shares of Cross Country Healthcare by 422.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,586 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 2,899 shares during the last quarter. Graham Capital Management L.P. purchased a new stake in shares of Cross Country Healthcare during the 4th quarter valued at about $83,000. Finally, AXQ Capital LP purchased a new stake in shares of Cross Country Healthcare during the 4th quarter valued at about $109,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Price Performance

CCRN opened at $13.09 on Wednesday. The stock has a 50-day moving average price of $10.90 and a 200-day moving average price of $9.74. The firm has a market cap of $423.20 million, a PE ratio of -4.29, a P/E/G ratio of 13.43 and a beta of 0.35. Cross Country Healthcare has a 1 year low of $7.43 and a 1 year high of $14.99.

Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings results on Thursday, May 7th. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. The firm had revenue of $241.06 million during the quarter, compared to analyst estimates of $237.07 million. Cross Country Healthcare had a negative return on equity of 0.74% and a negative net margin of 9.84%. As a group, sell-side analysts anticipate that Cross Country Healthcare will post 0.1 EPS for the current year.

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.