Cross Country Healthcare, Inc. (NASDAQ:CCRN) had its target price decreased by Benchmark Co. from $19.00 to $18.00 in a research note released on Thursday, May 4th. Benchmark Co. currently has a buy rating on the business services provider’s stock.
Other analysts have also issued research reports about the stock. BMO Capital Markets reissued a buy rating and issued a $18.00 price target on shares of Cross Country Healthcare in a report on Wednesday, April 5th. TheStreet lowered shares of Cross Country Healthcare from a b- rating to a c rating in a report on Thursday, March 2nd. Zacks Investment Research lowered shares of Cross Country Healthcare from a buy rating to a hold rating in a report on Tuesday, March 7th. Lake Street Capital initiated coverage on shares of Cross Country Healthcare in a report on Wednesday, February 15th. They set a buy rating and a $17.00 target price for the company. Finally, Avondale Partners lowered shares of Cross Country Healthcare from an outperform rating to a market perform rating and set a $15.50 target price for the company. in a report on Tuesday, January 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Cross Country Healthcare has an average rating of Buy and a consensus price target of $16.58.
Cross Country Healthcare (NASDAQ:CCRN) traded up 0.08% on Thursday, reaching $12.06. The company had a trading volume of 100,287 shares. Cross Country Healthcare has a 12 month low of $10.53 and a 12 month high of $16.38. The stock has a 50 day moving average of $13.53 and a 200 day moving average of $14.36. The firm’s market capitalization is $439.38 million.
Cross Country Healthcare (NASDAQ:CCRN) last posted its quarterly earnings data on Wednesday, May 3rd. The business services provider reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. The company had revenue of $207.57 million during the quarter, compared to analyst estimates of $212.43 million. Cross Country Healthcare had a net margin of 1.21% and a return on equity of 25.48%. On average, analysts anticipate that Cross Country Healthcare will post $0.63 EPS for the current year.
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Large investors have recently modified their holdings of the stock. LS Investment Advisors LLC raised its position in Cross Country Healthcare by 484.5% in the first quarter. LS Investment Advisors LLC now owns 7,184 shares of the business services provider’s stock valued at $103,000 after buying an additional 5,955 shares in the last quarter. Globeflex Capital L P purchased a new position in Cross Country Healthcare during the first quarter valued at $104,000. Mason Street Advisors LLC raised its position in Cross Country Healthcare by 6.9% in the first quarter. Mason Street Advisors LLC now owns 7,713 shares of the business services provider’s stock valued at $111,000 after buying an additional 499 shares in the last quarter. Alambic Investment Management L.P. purchased a new position in Cross Country Healthcare during the third quarter valued at $132,000. Finally, Municipal Employees Retirement System of Michigan raised its position in Cross Country Healthcare by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 13,060 shares of the business services provider’s stock valued at $154,000 after buying an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.
About Cross Country Healthcare
Cross Country Healthcare, Inc is engaged in providing healthcare recruiting, staffing, recruiting and workforce solutions. The Company operates in three segments: Nurse and Allied Staffing, Physician Staffing and Other Human Capital Management Services. The Nurse and Allied Staffing segment provides traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, and branch-based local nurses and allied staffing.
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