Cross Country Healthcare, Inc. (NASDAQ:CCRN) Given Consensus Rating of "Reduce" by Analysts
Cross Country Healthcare, Inc. (NASDAQ:CCRN) has received a consensus "Reduce" rating from seven brokerages, with one sell and six hold recommendations. The average target price is $17.9067. The stock opened at $10.07, with a 1-year range of $9.89-$18.33. Recent earnings missed estimates, reporting $0.03 EPS against a $0.04 consensus. Hedge funds hold 96.03% of shares.
Cross Country Healthcare, Inc. (NASDAQ:CCRN - Get Free Report) has earned a consensus rating of "Reduce" from the seven brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $17.9067.
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Several equities analysts have commented on the company. Benchmark reaffirmed a "hold" rating on shares of Cross Country Healthcare in a research report on Friday, November 14th. Wall Street Zen upgraded shares of Cross Country Healthcare to a "hold" rating in a report on Saturday, August 9th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Cross Country Healthcare in a research note on Monday.
View Our Latest Analysis on Cross Country Healthcare
Cross Country Healthcare Price Performance
- This Small-Cap Healthcare Name Is Outperforming Its Index
NASDAQ CCRN opened at $10.07 on Wednesday. Cross Country Healthcare has a 1-year low of $9.89 and a 1-year high of $18.33. The business has a 50 day simple moving average of $12.31 and a two-hundred day simple moving average of $12.91. The stock has a market capitalization of $329.89 million, a PE ratio of -20.55, a P/E/G ratio of 10.23 and a beta of 0.42.
Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last announced its earnings results on Wednesday, November 12th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $250.05 million for the quarter, compared to analysts' expectations of $270.72 million. Cross Country Healthcare had a negative net margin of 1.39% and a positive return on equity of 0.95%. On average, analysts anticipate that Cross Country Healthcare will post 0.53 EPS for the current fiscal year.
Hedge Funds Weigh In On Cross Country Healthcare
A number of institutional investors have recently modified their holdings of CCRN. Signaturefd LLC raised its stake in shares of Cross Country Healthcare by 139.9% during the second quarter. Signaturefd LLC now owns 2,193 shares of the business services provider's stock valued at $29,000 after acquiring an additional 1,279 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in 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 worth $45,000 after purchasing an additional 1,142 shares during the period. Tower Research Capital LLC TRC raised its position in 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 in the last quarter. Longfellow Investment Management Co. LLC purchased a new stake in shares of Cross Country Healthcare in the 1st quarter worth $59,000. Finally, AlphaQuest LLC grew its position in shares of Cross Country Healthcare by 324.6% during the 1st quarter. AlphaQuest LLC now owns 8,297 shares of the business services provider's stock worth $124,000 after buying an additional 6,343 shares in the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.
Cross Country Healthcare Company Profile
(Get Free Report)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.
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