Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have received an average recommendation of “Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $16.50.

Several equities research analysts have issued reports on the stock. TheStreet downgraded shares of Cross Country Healthcare from a “b-” rating to a “c” rating in a research note on Thursday, March 2nd. Zacks Investment Research downgraded shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a research note on Tuesday, March 7th. Benchmark Co. decreased their price objective on shares of Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, May 4th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $18.00 price objective on shares of Cross Country Healthcare in a research note on Wednesday, April 5th.

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Several hedge funds and other institutional investors have recently made changes to their positions in CCRN. LS Investment Advisors LLC increased its position in shares of Cross Country Healthcare by 484.5% in the first quarter. LS Investment Advisors LLC now owns 7,184 shares of the business services provider’s stock valued at $103,000 after buying an additional 5,955 shares during the period. Globeflex Capital L P purchased a new position in shares of Cross Country Healthcare during the first quarter valued at $104,000. Mason Street Advisors LLC increased its position in shares of Cross Country Healthcare by 6.9% in the first quarter. Mason Street Advisors LLC now owns 7,713 shares of the business services provider’s stock valued at $111,000 after buying an additional 499 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in shares of Cross Country Healthcare during the first quarter valued at $157,000. Finally, Navellier & Associates Inc purchased a new position in shares of Cross Country Healthcare during the first quarter valued at $161,000. Institutional investors and hedge funds own 90.35% of the company’s stock.

Cross Country Healthcare (NASDAQ CCRN) traded up 1.58% during trading on Monday, hitting $12.83. 851,754 shares of the company were exchanged. The company’s market capitalization is $467.44 million. The company has a 50-day moving average of $12.23 and a 200-day moving average of $14.06. Cross Country Healthcare has a 12 month low of $10.53 and a 12 month high of $16.38.

Cross Country Healthcare (NASDAQ:CCRN) last issued its quarterly earnings results on Wednesday, May 3rd. The business services provider reported $0.05 EPS for the quarter, topping the consensus estimate of $0.01 by $0.04. Cross Country Healthcare had a negative net margin of 1.55% and a positive return on equity of 13.60%. The firm had revenue of $207.57 million during the quarter, compared to analyst estimates of $212.43 million. Analysts forecast that Cross Country Healthcare will post $0.63 EPS for the current year.

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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