Cross Country Healthcare, Inc. (NASDAQ:CCRN) Receives $19.60 Consensus PT from Brokerages

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has earned an average recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $19.60.

Several brokerages have commented on CCRN. Benchmark cut their target price on Cross Country Healthcare from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Barrington Research reduced their target price on Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Finally, Truist Financial raised their price target on shares of Cross Country Healthcare from $16.00 to $17.00 and gave the stock a “hold” rating in a report on Thursday, August 1st.

Insiders Place Their Bets

In other Cross Country Healthcare news, insider Phillip Lyn Noe sold 9,646 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $14.19, for a total transaction of $136,876.74. Following the transaction, the insider now directly owns 10,162 shares in the company, valued at approximately $144,198.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, VP Cynthia Ann Grieco sold 1,945 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $17.21, for a total value of $33,473.45. Following the completion of the sale, the vice president now directly owns 7,605 shares in the company, valued at approximately $130,882.05. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Phillip Lyn Noe sold 9,646 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $14.19, for a total value of $136,876.74. Following the transaction, the insider now directly owns 10,162 shares in the company, valued at $144,198.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,077 shares of company stock worth $608,946. 4.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cross Country Healthcare

A number of hedge funds have recently added to or reduced their stakes in the company. Algert Global LLC lifted its holdings in shares of Cross Country Healthcare by 8.3% in the 2nd quarter. Algert Global LLC now owns 62,174 shares of the business services provider’s stock worth $860,000 after purchasing an additional 4,751 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Cross Country Healthcare by 39.9% in the second quarter. AQR Capital Management LLC now owns 322,483 shares of the business services provider’s stock valued at $4,463,000 after buying an additional 92,011 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Cross Country Healthcare during the second quarter valued at about $174,000. Public Sector Pension Investment Board increased its position in shares of Cross Country Healthcare by 4.9% during the second quarter. Public Sector Pension Investment Board now owns 71,927 shares of the business services provider’s stock worth $995,000 after acquiring an additional 3,356 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings 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 acquiring an additional 165,032 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Cross Country Healthcare Trading Down 4.2 %

NASDAQ:CCRN opened at $14.02 on Thursday. The stock’s 50-day moving average is $14.85 and its 200-day moving average is $16.44. Cross Country Healthcare has a 1-year low of $12.87 and a 1-year high of $26.17. The stock has a market cap of $487.53 million, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 2.57 and a beta of 0.63.

Cross Country Healthcare (NASDAQ:CCRN) last posted 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). The business had revenue of $339.77 million for the quarter, compared to the consensus estimate of $334.75 million. Cross Country Healthcare had a return on equity of 7.29% and a net margin of 0.54%. The company’s revenue was down 37.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.69 earnings per share. As a group, equities analysts forecast that Cross Country Healthcare will post 0.68 EPS for the current year.

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.