Cross Country Healthcare, Inc. (NASDAQ:CCRN) – Research analysts at SunTrust Banks dropped their Q1 2019 earnings estimates for Cross Country Healthcare in a report issued on Tuesday, February 19th. SunTrust Banks analyst T. Sommer now expects that the business services provider will post earnings per share of ($0.01) for the quarter, down from their prior forecast of $0.01. SunTrust Banks has a “Hold” rating on the stock. SunTrust Banks also issued estimates for Cross Country Healthcare’s Q2 2019 earnings at $0.01 EPS, Q1 2020 earnings at ($0.01) EPS and Q2 2020 earnings at $0.04 EPS.
Get Cross Country Healthcare alerts:CCRN has been the subject of a number of other reports. Barrington Research set a $11.00 target price on shares of Cross Country Healthcare and gave the stock a “buy” rating in a research note on Thursday, November 15th. BidaskClub raised shares of Cross Country Healthcare from a “hold” rating to a “buy” rating in a research note on Friday, January 11th. Zacks Investment Research lowered shares of Cross Country Healthcare from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st. Finally, Lake Street Capital raised shares of Cross Country Healthcare from a “hold” rating to a “buy” rating and upped their target price for the stock from $10.00 to $12.00 in a research note on Friday, November 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $11.83.
Shares of NASDAQ CCRN opened at $9.20 on Thursday. The firm has a market capitalization of $336.41 million, a P/E ratio of 30.93, a P/E/G ratio of 2.67 and a beta of 1.15. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.24 and a quick ratio of 2.24. Cross Country Healthcare has a 1-year low of $6.91 and a 1-year high of $13.41.
Large investors have recently modified their holdings of the business. Millennium Management LLC grew its position in shares of Cross Country Healthcare by 272.6% during the 4th quarter. Millennium Management LLC now owns 80,810 shares of the business services provider’s stock worth $592,000 after purchasing an additional 59,120 shares in the last quarter. Legal & General Group Plc grew its position in shares of Cross Country Healthcare by 1.8% during the 4th quarter. Legal & General Group Plc now owns 78,351 shares of the business services provider’s stock worth $577,000 after purchasing an additional 1,397 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in shares of Cross Country Healthcare during the 4th quarter worth approximately $75,000. Metropolitan Life Insurance Co. NY grew its position in shares of Cross Country Healthcare by 399.4% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 11,861 shares of the business services provider’s stock worth $87,000 after purchasing an additional 9,486 shares in the last quarter. Finally, Squarepoint Ops LLC grew its position in shares of Cross Country Healthcare by 53.9% during the 4th quarter. Squarepoint Ops LLC now owns 87,407 shares of the business services provider’s stock worth $641,000 after purchasing an additional 30,608 shares in the last quarter. 88.18% 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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