Cross Country Healthcare (CCRN) Stock Rating Lowered by BidaskClub

Cross Country Healthcare (NASDAQ:CCRN) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Wednesday.

A number of other analysts have also recently weighed in on the company. ValuEngine cut Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. Zacks Investment Research cut Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Thursday, January 31st. SunTrust Banks cut Cross Country Healthcare from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Finally, BMO Capital Markets reduced their price target on Cross Country Healthcare from $10.00 to $8.00 and set a “market perform” rating for the company in a research report on Thursday, February 28th. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $10.00.

CCRN opened at $7.30 on Wednesday. The firm has a market cap of $260.93 million, a P/E ratio of 60.83, a PEG ratio of 7.37 and a beta of 1.15. Cross Country Healthcare has a 1 year low of $6.91 and a 1 year high of $12.90. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.36.

Large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in shares of Cross Country Healthcare by 13.9% in the third quarter. Dimensional Fund Advisors LP now owns 2,232,283 shares of the business services provider’s stock worth $19,488,000 after buying an additional 271,934 shares during the last quarter. 22NW LP acquired a new position in shares of Cross Country Healthcare during the 3rd quarter worth about $2,671,000. Clearbridge Investments LLC lifted its position in shares of Cross Country Healthcare by 24.3% during the 3rd quarter. Clearbridge Investments LLC now owns 310,120 shares of the business services provider’s stock worth $2,707,000 after purchasing an additional 60,565 shares during the last quarter. Seizert Capital Partners LLC acquired a new position in shares of Cross Country Healthcare during the 3rd quarter worth about $406,000. Finally, Crossmark Global Holdings Inc. lifted its position in shares of Cross Country Healthcare by 99.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 30,910 shares of the business services provider’s stock worth $227,000 after purchasing an additional 15,400 shares during the last quarter. 89.97% of the stock is owned by institutional investors.

Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc provides healthcare staffing, recruiting, and workforce solutions in the United States. The company operates in three segments: Nurse and Allied Staffing, Physician Staffing, and Other Human Capital Management Services. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, branch-based local nurses, and allied staffing; short-term staffing of registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and travel allied professionals on long-term contract assignments.

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Analyst Recommendations for Cross Country Healthcare (NASDAQ:CCRN)

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