BidaskClub Downgrades Cross Country Healthcare (NASDAQ:CCRN) to Hold

BidaskClub downgraded shares of Cross Country Healthcare (NASDAQ:CCRN) from a buy rating to a hold rating in a report published on Saturday, BidAskClub reports.

Several other research firms also recently commented on CCRN. Barrington Research set a $10.00 price target on shares of Cross Country Healthcare and gave the company a buy rating in a research note on Monday, May 20th. ValuEngine upgraded shares of Cross Country Healthcare from a hold rating to a buy rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research downgraded shares of Cross Country Healthcare from a buy rating to a hold rating in a research note on Monday, August 12th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $10.00.

CCRN stock opened at $10.46 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.99 and a current ratio of 1.99. The company’s 50-day simple moving average is $10.03 and its 200 day simple moving average is $8.45. Cross Country Healthcare has a 52 week low of $6.75 and a 52 week high of $11.06. The company has a market capitalization of $385.87 million, a PE ratio of 87.17, a price-to-earnings-growth ratio of 13.21 and a beta of 1.22.



Cross Country Healthcare (NASDAQ:CCRN) last released its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.01 EPS for the quarter. Cross Country Healthcare had a negative net margin of 9.20% and a positive return on equity of 0.62%. The business had revenue of $202.80 million for the quarter, compared to the consensus estimate of $199.46 million. During the same period in the prior year, the company posted $0.05 earnings per share. Cross Country Healthcare’s revenue was down .9% compared to the same quarter last year. On average, analysts forecast that Cross Country Healthcare will post 0.08 EPS for the current year.

A number of institutional investors have recently made changes to their positions in CCRN. Dimensional Fund Advisors LP grew its stake in Cross Country Healthcare by 6.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,387,342 shares of the business services provider’s stock worth $17,499,000 after buying an additional 155,059 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in Cross Country Healthcare by 413.3% during the first quarter. BNP Paribas Arbitrage SA now owns 7,407 shares of the business services provider’s stock worth $52,000 after buying an additional 5,964 shares in the last quarter. SG Americas Securities LLC grew its stake in Cross Country Healthcare by 62.9% during the first quarter. SG Americas Securities LLC now owns 19,422 shares of the business services provider’s stock worth $137,000 after buying an additional 7,502 shares in the last quarter. Rhumbline Advisers grew its stake in Cross Country Healthcare by 1.6% during the first quarter. Rhumbline Advisers now owns 107,645 shares of the business services provider’s stock worth $757,000 after buying an additional 1,685 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Cross Country Healthcare by 38.5% during the first quarter. JPMorgan Chase & Co. now owns 1,815,353 shares of the business services provider’s stock worth $12,762,000 after buying an additional 504,192 shares in the last quarter. Hedge funds and other institutional investors own 93.26% of the company’s stock.

About Cross Country Healthcare

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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