Shares of Cross Country Healthcare Inc. (NASDAQ:CCRN) fell 2.3% during trading on Tuesday . The stock traded as low as $11.41 and last traded at $11.51, with a volume of 115,158 shares traded. The stock had previously closed at $11.78.

Several brokerages have recently commented on CCRN. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Cross Country Healthcare in a research report on Sunday, July 17th. Zacks Investment Research downgraded shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a research report on Monday, July 11th. TheStreet downgraded shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a research report on Friday, August 5th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $16.00 price objective on shares of Cross Country Healthcare in a research report on Friday, August 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $17.00.

The stock’s 50 day moving average is $12.28 and its 200-day moving average is $13.08. The firm’s market capitalization is $377.01 million.

Cross Country Healthcare (NASDAQ:CCRN) last issued its earnings results on Wednesday, August 3rd. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.03. The business earned $199.40 million during the quarter, compared to analyst estimates of $203.56 million. Cross Country Healthcare had a return on equity of 25.27% and a net margin of 0.09%. Cross Country Healthcare’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 earnings per share. On average, analysts forecast that Cross Country Healthcare Inc. will post $0.62 earnings per share for the current year.

In related news, Director W Larry Cash acquired 3,000 shares of the stock in a transaction on Friday, August 12th. The stock was purchased at an average price of $12.22 per share, for a total transaction of $36,660.00. Following the completion of the transaction, the director now owns 99,253 shares of the company’s stock, valued at approximately $1,212,871.66. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Thomas C. Dircks acquired 10,000 shares of the stock in a transaction on Wednesday, August 17th. The stock was bought at an average price of $10.75 per share, with a total value of $107,500.00. Following the transaction, the director now directly owns 95,264 shares of the company’s stock, valued at approximately $1,024,088. The disclosure for this purchase can be found here. 4.20% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Quotient Investors LLC increased its stake in shares of Cross Country Healthcare by 52.4% in the first quarter. Quotient Investors LLC now owns 28,800 shares of the company’s stock valued at $335,000 after buying an additional 9,900 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Cross Country Healthcare by 1.7% in the first quarter. Prudential Financial Inc. now owns 76,528 shares of the company’s stock valued at $890,000 after buying an additional 1,300 shares during the last quarter. Algert Global LLC increased its stake in shares of Cross Country Healthcare by 42.3% in the first quarter. Algert Global LLC now owns 23,757 shares of the company’s stock valued at $276,000 after buying an additional 7,063 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Cross Country Healthcare by 0.6% in the first quarter. JPMorgan Chase & Co. now owns 2,940,651 shares of the company’s stock valued at $34,200,000 after buying an additional 17,675 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Cross Country Healthcare by 16.6% in the first quarter. State Street Corp now owns 871,678 shares of the company’s stock valued at $10,139,000 after buying an additional 123,947 shares during the last quarter. Hedge funds and other institutional investors own 96.46% of the company’s stock.

About Cross Country Healthcare

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.

5 Day Chart for NASDAQ:CCRN

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