Cross Country Healthcare (NASDAQ:CCRN) Trading 3.6% Higher

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Get Free Report) traded up 3.6% during mid-day trading on Thursday . The company traded as high as $14.56 and last traded at $14.56. 366,106 shares changed hands during trading, a decline of 15% from the average session volume of 432,225 shares. The stock had previously closed at $14.06.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Barrington Research cut their price objective on Cross Country Healthcare from $21.00 to $19.00 and set an "outperform" rating on the stock in a report on Thursday, August 8th. Benchmark reduced their price target on shares of Cross Country Healthcare from $21.00 to $19.00 and set a "buy" rating on the stock in a research report on Thursday, May 2nd. Finally, Truist Financial increased their price objective on shares of Cross Country Healthcare from $16.00 to $17.00 and gave the stock a "hold" rating in a research report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $19.60.

Cross Country Healthcare Stock Up 3.1 %

The firm has a market cap of $503.88 million, a price-to-earnings ratio of 11.15, a PEG ratio of 2.57 and a beta of 0.63. The company has a 50 day moving average of $14.82 and a 200 day moving average of $16.36.

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) last announced its earnings results on Wednesday, July 31st. The business services provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.04). The business had revenue of $339.77 million during the quarter, compared to analyst estimates of $334.75 million. Cross Country Healthcare had a net margin of 0.54% and a return on equity of 7.29%. The business's revenue for the quarter was down 37.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.69 earnings per share. As a group, equities research analysts expect that Cross Country Healthcare, Inc. will post 0.68 earnings per share for the current fiscal year.

Insider Transactions at Cross Country Healthcare

In related news, insider Karen Mote sold 13,829 shares of Cross Country Healthcare stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $17.08, for a total value of $236,199.32. Following the completion of the transaction, the insider now directly owns 24,696 shares in the company, valued at $421,807.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Cynthia Ann Grieco sold 1,945 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $17.21, for a total value of $33,473.45. Following the completion of the transaction, the vice president now owns 7,605 shares in the company, valued at approximately $130,882.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Karen Mote sold 13,829 shares of the firm's stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $17.08, for a total transaction of $236,199.32. Following the transaction, the insider now directly owns 24,696 shares in the company, valued at approximately $421,807.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,431 shares of company stock valued at $472,070. Insiders own 4.90% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Louisiana State Employees Retirement System bought a new position in Cross Country Healthcare during the 4th quarter valued at $374,000. Strs Ohio bought a new position in shares of Cross Country Healthcare during the 4th quarter valued at about $339,000. Wedge Capital Management L L P NC grew its stake in shares of Cross Country Healthcare by 25.7% in the 4th quarter. Wedge Capital Management L L P NC now owns 38,678 shares of the business services provider's stock worth $876,000 after purchasing an additional 7,918 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of Cross Country Healthcare by 10.6% in the 4th quarter. New York State Common Retirement Fund now owns 32,762 shares of the business services provider's stock worth $742,000 after purchasing an additional 3,140 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in Cross Country Healthcare during the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 96.03% of the company's stock.

About Cross Country Healthcare

Cross Country Healthcare, Inc provides talent management and other consultative services for healthcare clients in the United States. The company's Nurse and Allied Staffing segment provides traditional staffing, recruiting, and value-added total talent solutions, including temporary and permanent placement of travel and local nurse and, allied professionals; temporary placement of healthcare leaders within nursing, allied, physician, and human resources; vendor neutral and managed services programs; education healthcare services; in-home care services; and outsourcing services.