Cross Country Healthcare, Inc. (NASDAQ:CCRN) Receives $26.71 Average PT from Brokerages

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRNGet Free Report) have been given an average recommendation of “Hold” by the nine brokerages that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $26.71.

CCRN has been the subject of a number of recent analyst reports. Barrington Research lowered their target price on shares of Cross Country Healthcare from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, November 29th. Truist Financial decreased their price objective on shares of Cross Country Healthcare from $25.00 to $22.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. JMP Securities assumed coverage on shares of Cross Country Healthcare in a research note on Wednesday, December 6th. They set a “market perform” rating for the company. StockNews.com assumed coverage on shares of Cross Country Healthcare in a research note on Thursday, October 5th. They set a “hold” rating for the company. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $21.00 price objective (down from $32.00) on shares of Cross Country Healthcare in a research note on Friday, November 3rd.

Get Our Latest Report on CCRN

Cross Country Healthcare Price Performance

NASDAQ:CCRN opened at $21.56 on Friday. The firm has a 50 day simple moving average of $21.84 and a 200-day simple moving average of $23.00. The firm has a market cap of $757.83 million, a PE ratio of 7.65, a P/E/G ratio of 1.55 and a beta of 0.87. Cross Country Healthcare has a 1-year low of $15.65 and a 1-year high of $31.82.

Cross Country Healthcare (NASDAQ:CCRNGet Free Report) last released its earnings results on Wednesday, November 1st. The business services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). Cross Country Healthcare had a net margin of 4.58% and a return on equity of 23.60%. The company had revenue of $442.29 million during the quarter, compared to analysts’ expectations of $443.90 million. During the same quarter in the previous year, the firm posted $1.07 earnings per share. Cross Country Healthcare’s revenue for the quarter was down 30.5% compared to the same quarter last year. As a group, sell-side analysts expect that Cross Country Healthcare will post 2.2 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Marc S. Krug sold 6,000 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $19.91, for a total value of $119,460.00. Following the sale, the insider now directly owns 39,387 shares of the company’s stock, valued at $784,195.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, General Counsel Susan E. Ball sold 5,441 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $21.57, for a total value of $117,362.37. Following the sale, the general counsel now directly owns 168,583 shares of the company’s stock, valued at $3,636,335.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marc S. Krug sold 6,000 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $19.91, for a total transaction of $119,460.00. Following the sale, the insider now directly owns 39,387 shares in the company, valued at $784,195.17. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,811 shares of company stock worth $688,894. 5.50% of the stock is currently owned by company insiders.

Institutional Trading of Cross Country Healthcare

A number of institutional investors and hedge funds have recently modified their holdings of the business. US Bancorp DE acquired a new stake in shares of Cross Country Healthcare in the 1st quarter worth about $27,000. Quadrant Capital Group LLC bought a new position in Cross Country Healthcare in the 2nd quarter valued at about $29,000. Point72 Hong Kong Ltd bought a new position in Cross Country Healthcare in the 1st quarter valued at about $35,000. Coppell Advisory Solutions Corp. bought a new position in Cross Country Healthcare in the 4th quarter valued at about $39,000. Finally, Captrust Financial Advisors grew its position in Cross Country Healthcare by 26.4% in the 1st quarter. Captrust Financial Advisors now owns 3,074 shares of the business services provider’s stock valued at $67,000 after buying an additional 642 shares in the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

About Cross Country Healthcare

(Get Free Report

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 provides workforce solutions and 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; managed services programs services; education healthcare services; in-home care services; and outsourcing services.

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Analyst Recommendations for Cross Country Healthcare (NASDAQ:CCRN)

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