According to Zacks, “Cross Country, Inc. is a provider of healthcare staffing services. They also provide staffing of clinical research professionals and allied healthcare professionals, such as radiology technicians, rehabilitation therapists and respiratory therapists. Their staffing operations are complemented by other human capital management services, including search and recruitment, consulting, education and training and resource management services. “
Several other research firms also recently issued reports on CCRN. Cantor Fitzgerald restated a buy rating and issued a $17.00 price target on shares of Cross Country Healthcare in a research note on Sunday, August 7th. BMO Capital Markets restated a buy rating and issued a $16.00 price target on shares of Cross Country Healthcare in a research note on Friday, August 5th. Finally, TheStreet downgraded Cross Country Healthcare from a buy rating to a hold rating in a research report on Friday, August 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $16.33.
Cross Country Healthcare (NASDAQ:CCRN) opened at 12.49 on Tuesday. The firm’s market cap is $411.97 million. The company has a 50-day moving average price of $12.08 and a 200-day moving average price of $13.08. Cross Country Healthcare has a 12-month low of $9.72 and a 12-month high of $18.76.
Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.03. The business earned $199.40 million during the quarter, compared to the consensus estimate of $203.56 million. Cross Country Healthcare had a return on equity of 25.27% and a net margin of 0.09%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 EPS. On average, analysts predict that Cross Country Healthcare will post $0.62 earnings per share for the current year.
In other Cross Country Healthcare news, insider William J. Grubbs acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The stock was bought at an average price of $12.03 per share, with a total value of $120,300.00. Following the completion of the purchase, the insider now owns 347,892 shares of the company’s stock, valued at $4,185,140.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director W Larry Cash acquired 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The shares were acquired at an average cost of $12.22 per share, with a total value of $36,660.00. Following the purchase, the director now directly owns 99,253 shares of the company’s stock, valued at approximately $1,212,871.66. The disclosure for this purchase can be found here. 4.20% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. US Bancorp DE raised its stake in Cross Country Healthcare by 2.5% in the second quarter. US Bancorp DE now owns 7,491 shares of the company’s stock valued at $105,000 after buying an additional 181 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Cross Country Healthcare by 96.7% in the second quarter. BNP Paribas Arbitrage SA now owns 10,127 shares of the company’s stock valued at $141,000 after buying an additional 4,978 shares during the period. Wealthsource Partners LLC purchased a new stake in shares of Cross Country Healthcare during the first quarter valued at about $145,000. Virginia Retirement Systems ET AL purchased a new stake in shares of Cross Country Healthcare during the second quarter valued at about $181,000. Finally, TD Asset Management Inc. purchased a new stake in shares of Cross Country Healthcare during the second quarter valued at about $188,000. 96.46% of the stock is owned by institutional investors.
Cross Country Healthcare Company Profile
Cross Country Healthcare, Inc (CCRN) is engaged in providing healthcare recruiting, staffing and workforce solutions. The Company operates in three segments: Nurse and Allied Staffing, Physician Staffing and Other Human Capital Management Services. Its nurse and allied staffing segment is engaged in providing traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, and branch-based local nurses and allied staffing through its Cross Country Staffing brand, MSN, AHG, Mediscan and DirectEd brands.
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