Cross Country Healthcare (CCRN) Shares Down 0%
Cross Country Healthcare, Inc. (NASDAQ:CCRN) dropped 0% during trading on Friday . The company traded as low as $9.07 and last traded at $10.71. Approximately 908,400 shares traded hands during mid-day trading, an increase of 395% from the average daily volume of 183,461 shares. The stock had previously closed at $10.71.
CCRN has been the topic of a number of analyst reports. Jefferies Group initiated coverage on Cross Country Healthcare in a research report on Thursday, February 1st. They issued a “hold” rating and a $15.00 price target on the stock. TheStreet upgraded Cross Country Healthcare from a “c+” rating to a “b” rating in a research report on Thursday. BidaskClub lowered Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Thursday, December 21st. Cantor Fitzgerald lowered Cross Country Healthcare from an “overweight” rating to a “neutral” rating in a research report on Friday. Finally, Zacks Investment Research lowered Cross Country Healthcare from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $15.29.
The company has a current ratio of 2.21, a quick ratio of 2.14 and a debt-to-equity ratio of 0.39. The company has a market cap of $398.01, a PE ratio of 10.80, a P/E/G ratio of 1.44 and a beta of 0.75.
In related news, General Counsel Susan E. Ball sold 25,000 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $14.19, for a total transaction of $354,750.00. Following the sale, the general counsel now owns 126,921 shares in the company, valued at approximately $1,801,008.99. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.90% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. FDx Advisors Inc. bought a new stake in shares of Cross Country Healthcare during the 3rd quarter valued at about $146,000. Renaissance Technologies LLC bought a new position in Cross Country Healthcare in the fourth quarter worth approximately $156,000. Teacher Retirement System of Texas bought a new position in Cross Country Healthcare in the fourth quarter worth approximately $162,000. Strs Ohio boosted its holdings in Cross Country Healthcare by 69.5% in the third quarter. Strs Ohio now owns 16,100 shares of the business services provider’s stock worth $229,000 after acquiring an additional 6,600 shares in the last quarter. Finally, MetLife Investment Advisors LLC bought a new position in Cross Country Healthcare in the fourth quarter worth approximately $210,000. Institutional investors own 90.97% of the company’s stock.
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About Cross Country Healthcare
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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