Cross Country Healthcare, Inc. (NASDAQ:CCRN – Get Free Report)’s stock price traded down 4.1% during trading on Monday after Barrington Research lowered their price target on the stock from $24.00 to $21.00. Barrington Research currently has an outperform rating on the stock. Cross Country Healthcare traded as low as $15.98 and last traded at $15.98. 169,240 shares were traded during trading, a decline of 62% from the average session volume of 448,589 shares. The stock had previously closed at $16.67.
CCRN has been the subject of several other research reports. Truist Financial decreased their price objective on Cross Country Healthcare from $22.00 to $16.00 and set a “hold” rating for the company in a report on Thursday, February 22nd. Benchmark lowered their price objective on Cross Country Healthcare from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, TheStreet lowered shares of Cross Country Healthcare from a “b-” rating to a “c+” rating in a report on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Cross Country Healthcare presently has a consensus rating of “Hold” and a consensus price target of $20.83.
Insider Activity
In related news, insider Karen Mote sold 6,216 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $16.95, for a total value of $105,361.20. Following the completion of the sale, the insider now owns 35,101 shares of the company’s stock, valued at approximately $594,961.95. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 4.90% of the company’s stock.
Institutional Investors Weigh In On Cross Country Healthcare
Large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in Cross Country Healthcare by 212.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,089 shares of the business services provider’s stock worth $226,000 after purchasing an additional 8,225 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Cross Country Healthcare during the first quarter worth about $2,078,000. Paradiem LLC grew its stake in Cross Country Healthcare by 112.8% during the 1st quarter. Paradiem LLC now owns 136,294 shares of the business services provider’s stock valued at $2,551,000 after acquiring an additional 72,244 shares in the last quarter. Denali Advisors LLC raised its holdings in Cross Country Healthcare by 3,885.5% in the 1st quarter. Denali Advisors LLC now owns 5,500 shares of the business services provider’s stock valued at $103,000 after acquiring an additional 5,362 shares during the last quarter. Finally, Wasatch Advisors LP lifted its stake in Cross Country Healthcare by 74.3% in the 4th quarter. Wasatch Advisors LP now owns 2,193,604 shares of the business services provider’s stock worth $49,663,000 after purchasing an additional 934,841 shares in the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.
Cross Country Healthcare Trading Down 3.9 %
The company has a fifty day moving average price of $17.90 and a two-hundred day moving average price of $19.95. The firm has a market capitalization of $557.02 million, a price-to-earnings ratio of 12.32, a PEG ratio of 2.17 and a beta of 0.77.
Cross Country Healthcare (NASDAQ:CCRN – Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The business services provider reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Cross Country Healthcare had a return on equity of 11.69% and a net margin of 2.58%. The company had revenue of $379.17 million for the quarter, compared to analyst estimates of $374.38 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. The firm’s revenue for the quarter was down 39.1% compared to the same quarter last year. As a group, equities research analysts expect that Cross Country Healthcare, Inc. will post 0.77 earnings per share 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.