BidaskClub cut shares of Cross Country Healthcare (NASDAQ:CCRN) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning, BidAskClub reports.

Other equities analysts also recently issued reports about the company. Barrington Research set a $10.00 target price on Cross Country Healthcare and gave the stock a buy rating in a research note on Monday, May 20th. Zacks Investment Research downgraded Cross Country Healthcare from a buy rating to a hold rating in a research note on Monday, August 12th. Finally, ValuEngine raised Cross Country Healthcare from a hold rating to a buy rating in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $10.00.

Shares of Cross Country Healthcare stock opened at $10.98 on Friday. The firm has a market cap of $383.29 million, a price-to-earnings ratio of 91.50, a price-to-earnings-growth ratio of 12.59 and a beta of 1.22. Cross Country Healthcare has a 52-week low of $6.75 and a 52-week high of $11.00. The company’s 50-day simple moving average is $9.89 and its 200-day simple moving average is $8.41. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.56.

Cross Country Healthcare (NASDAQ:CCRN) last announced its quarterly earnings data 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 firm had revenue of $202.80 million during the quarter, compared to the consensus estimate of $199.46 million. During the same quarter last year, the firm earned $0.05 earnings per share. The firm’s revenue was down .9% compared to the same quarter last year. Equities research analysts anticipate that Cross Country Healthcare will post 0.08 EPS for the current year.

In related news, CEO Kevin Cronin Clark purchased 8,330 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was acquired at an average price of $8.00 per share, for a total transaction of $66,640.00. Following the acquisition, the chief executive officer now directly owns 250,734 shares of the company’s stock, valued at approximately $2,005,872. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.80% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its holdings in Cross Country Healthcare by 85.7% in the fourth quarter. Bank of America Corp DE now owns 149,250 shares of the business services provider’s stock valued at $1,093,000 after buying an additional 68,894 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Cross Country Healthcare by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,387,342 shares of the business services provider’s stock valued at $17,499,000 after buying an additional 155,059 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Cross Country Healthcare by 2.6% during the 4th quarter. Deutsche Bank AG now owns 148,162 shares of the business services provider’s stock worth $1,083,000 after buying an additional 3,685 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Cross Country Healthcare by 413.3% during the 1st 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 during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Cross Country Healthcare by 62.9% in the 1st 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. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

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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