Cross Country Healthcare, Inc. (NASDAQ:CCRN) Receives $17.93 Consensus PT from Brokerages

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has received an average rating of “Hold” from the six brokerages that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $17.93.

CCRN has been the topic of a number of analyst reports. Wall Street Zen initiated coverage on Cross Country Healthcare in a research note on Thursday, May 15th. They set a “hold” rating on the stock. UBS Group decreased their price objective on Cross Country Healthcare from $18.61 to $16.50 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Finally, Barrington Research reiterated a “market perform” rating and set a $18.61 price objective on shares of Cross Country Healthcare in a research note on Friday, March 14th.

Cross Country Healthcare Stock Up 0.4%

CCRN opened at $13.38 on Wednesday. The firm has a 50-day moving average price of $13.76 and a 200-day moving average price of $15.80. Cross Country Healthcare has a twelve month low of $9.58 and a twelve month high of $18.50. The company has a market capitalization of $438.64 million, a price-to-earnings ratio of -267.55, a PEG ratio of 3.32 and a beta of 0.37.

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

Hedge Funds Weigh In On Cross Country Healthcare

A number of institutional investors have recently added to or reduced their stakes in the business. Magnetar Financial LLC increased its stake in Cross Country Healthcare by 8.5% in the 1st quarter. Magnetar Financial LLC now owns 2,474,331 shares of the business services provider’s stock worth $36,843,000 after acquiring an additional 193,418 shares during the last quarter. Alliancebernstein L.P. increased its stake in Cross Country Healthcare by 82.4% in the 1st quarter. Alliancebernstein L.P. now owns 2,343,484 shares of the business services provider’s stock worth $34,894,000 after acquiring an additional 1,058,544 shares during the last quarter. Alpine Associates Management Inc. increased its stake in Cross Country Healthcare by 115.6% in the 1st quarter. Alpine Associates Management Inc. now owns 1,252,524 shares of the business services provider’s stock worth $18,650,000 after acquiring an additional 671,492 shares during the last quarter. Royce & Associates LP increased its stake in Cross Country Healthcare by 3.4% in the 4th quarter. Royce & Associates LP now owns 1,170,945 shares of the business services provider’s stock worth $21,264,000 after acquiring an additional 38,379 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Cross Country Healthcare by 56.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,095,178 shares of the business services provider’s stock worth $16,307,000 after acquiring an additional 397,216 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors.

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.