Brokers Offer Predictions for Cross Country Healthcare, Inc.’s Q4 2023 Earnings (NASDAQ:CCRN)

Cross Country Healthcare, Inc. (NASDAQ:CCRNGet Rating) – Analysts at Oppenheimer upped their Q4 2023 EPS estimates for Cross Country Healthcare in a research report issued to clients and investors on Wednesday, September 14th. Oppenheimer analyst M. Wiederhorn now anticipates that the business services provider will post earnings per share of $0.81 for the quarter, up from their prior forecast of $0.66. The consensus estimate for Cross Country Healthcare’s current full-year earnings is $4.70 per share.

Other research analysts have also recently issued reports about the stock. Benchmark increased their price target on shares of Cross Country Healthcare from $37.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday. Credit Suisse Group reduced their price target on shares of Cross Country Healthcare from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, June 9th. Finally, Barrington Research cut their target price on shares of Cross Country Healthcare to $40.00 in a report on Monday, August 22nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cross Country Healthcare has an average rating of “Moderate Buy” and a consensus target price of $33.75.

Cross Country Healthcare Stock Up 1.1 %

Shares of NASDAQ CCRN opened at $29.62 on Friday. Cross Country Healthcare has a one year low of $15.26 and a one year high of $30.51. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.67 and a quick ratio of 2.67. The firm’s 50 day simple moving average is $25.56 and its two-hundred day simple moving average is $21.63. The stock has a market capitalization of $1.13 billion, a P/E ratio of 5.18, a PEG ratio of 0.61 and a beta of 1.03.

Insider Transactions at Cross Country Healthcare

In related news, CEO John Anthony Martins purchased 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The shares were acquired at an average price of $25.24 per share, for a total transaction of $100,960.00. Following the completion of the acquisition, the chief executive officer now directly owns 52,039 shares in the company, valued at approximately $1,313,464.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director W Larry Cash purchased 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The shares were acquired at an average price of $25.60 per share, for a total transaction of $38,400.00. Following the completion of the acquisition, the director now directly owns 177,899 shares in the company, valued at approximately $4,554,214.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Anthony Martins purchased 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 24th. The stock was bought at an average price of $25.24 per share, for a total transaction of $100,960.00. Following the acquisition, the chief executive officer now owns 52,039 shares of the company’s stock, valued at $1,313,464.36. The disclosure for this purchase can be found here. Company insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Cross Country Healthcare

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Congress Asset Management Co. MA lifted its position in Cross Country Healthcare by 8.0% during the first quarter. Congress Asset Management Co. MA now owns 340,754 shares of the business services provider’s stock valued at $7,384,000 after buying an additional 25,202 shares during the period. First Eagle Investment Management LLC lifted its position in Cross Country Healthcare by 70.1% during the first quarter. First Eagle Investment Management LLC now owns 53,629 shares of the business services provider’s stock valued at $1,162,000 after buying an additional 22,092 shares during the period. Islay Capital Management LLC purchased a new position in Cross Country Healthcare during the first quarter valued at $153,000. Russell Investments Group Ltd. lifted its position in Cross Country Healthcare by 345.4% during the first quarter. Russell Investments Group Ltd. now owns 54,873 shares of the business services provider’s stock valued at $1,184,000 after buying an additional 42,552 shares during the period. Finally, GSA Capital Partners LLP lifted its position in Cross Country Healthcare by 30.9% during the fourth quarter. GSA Capital Partners LLP now owns 18,523 shares of the business services provider’s stock valued at $514,000 after buying an additional 4,370 shares during the period. Hedge funds and other institutional investors own 95.25% of the company’s stock.

About Cross Country Healthcare

(Get Rating)

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company operates in two segments, Nurse and Allied Staffing and Physician Staffing. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, local nurses, and allied staffing; staffing solutions for registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and clinical and non-clinical professionals on long-term contract assignments, as well as workforce solutions, including MSP, RPO, and consulting services.

Further Reading

Earnings History and Estimates for Cross Country Healthcare (NASDAQ:CCRN)

Receive News & Ratings for Cross Country Healthcare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cross Country Healthcare and related companies with MarketBeat.com's FREE daily email newsletter.