BidaskClub Upgrades Cross Country Healthcare (CCRN) to Buy
BidaskClub upgraded shares of Cross Country Healthcare (NASDAQ:CCRN) from a hold rating to a buy rating in a research report released on Saturday.
Other analysts have also recently issued research reports about the stock. Cantor Fitzgerald reissued a buy rating and set a $18.00 price objective on shares of Cross Country Healthcare in a report on Wednesday, November 1st. TheStreet cut shares of Cross Country Healthcare from a b- rating to a c+ rating in a report on Friday, November 3rd. Zacks Investment Research raised shares of Cross Country Healthcare from a sell rating to a hold rating in a report on Tuesday, January 9th. Jefferies Group initiated coverage on shares of Cross Country Healthcare in a report on Thursday, February 1st. They set a hold rating and a $15.00 price objective on the stock. Finally, Credit Suisse Group initiated coverage on shares of Cross Country Healthcare in a report on Tuesday, November 7th. They set a neutral rating and a $13.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $15.25.
Shares of Cross Country Healthcare (NASDAQ CCRN) opened at $12.90 on Friday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.46. Cross Country Healthcare has a 1-year low of $11.07 and a 1-year high of $16.38. The firm has a market cap of $491.76, a P/E ratio of 645.00, a price-to-earnings-growth ratio of 1.81 and a beta of 0.68.
Institutional investors have recently made changes to their positions in the company. FDx Advisors Inc. acquired a new position in shares of Cross Country Healthcare in the 3rd quarter valued at $146,000. Strs Ohio increased its holdings in shares of Cross Country Healthcare by 69.5% in the 3rd quarter. Strs Ohio now owns 16,100 shares of the business services provider’s stock valued at $229,000 after acquiring an additional 6,600 shares during the period. Stevens Capital Management LP acquired a new position in shares of Cross Country Healthcare in the 3rd quarter valued at $249,000. Voya Investment Management LLC increased its holdings in shares of Cross Country Healthcare by 16.9% in the 2nd quarter. Voya Investment Management LLC now owns 18,329 shares of the business services provider’s stock valued at $237,000 after acquiring an additional 2,646 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Cross Country Healthcare by 85.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 18,500 shares of the business services provider’s stock valued at $263,000 after acquiring an additional 8,502 shares during the period. 92.09% of the stock is currently owned by institutional investors and hedge funds.
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Cross Country Healthcare Company Profile
Cross Country Healthcare, Inc is engaged in providing healthcare recruiting, staffing, recruiting and workforce solutions. The Company operates in three segments: Nurse and Allied Staffing, Physician Staffing and Other Human Capital Management Services. The Nurse and Allied Staffing segment provides traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, and branch-based local nurses and allied staffing.
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