William Blair Has Positive Outlook of CCRN FY2024 Earnings

Cross Country Healthcare, Inc. (NASDAQ:CCRN - Free Report) - Stock analysts at William Blair raised their FY2024 earnings estimates for shares of Cross Country Healthcare in a research note issued to investors on Thursday, November 7th. William Blair analyst T. Romeo now expects that the business services provider will earn $0.54 per share for the year, up from their prior forecast of $0.53. The consensus estimate for Cross Country Healthcare's current full-year earnings is $0.53 per share. William Blair also issued estimates for Cross Country Healthcare's FY2025 earnings at $0.50 EPS.

CCRN has been the subject of several other research reports. Truist Financial dropped their price target on shares of Cross Country Healthcare from $17.00 to $15.00 and set a "hold" rating for the company in a research report on Monday, October 21st. Benchmark dropped their price target on shares of Cross Country Healthcare from $19.00 to $18.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Barrington Research dropped their price target on shares of Cross Country Healthcare from $21.00 to $19.00 and set an "outperform" rating for the company in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Cross Country Healthcare has a consensus rating of "Hold" and an average price target of $18.50.

Cross Country Healthcare Stock Up 2.3 %

Shares of Cross Country Healthcare stock traded up $0.24 during trading on Monday, reaching $10.60. The company's stock had a trading volume of 421,123 shares, compared to its average volume of 530,357. Cross Country Healthcare has a 52-week low of $10.19 and a 52-week high of $23.64. The company has a market cap of $358.39 million, a price-to-earnings ratio of -211.76, a PEG ratio of 1.99 and a beta of 0.65. The firm's 50-day moving average is $12.94 and its two-hundred day moving average is $14.30.

Institutional Investors Weigh In On Cross Country Healthcare

Several institutional investors and hedge funds have recently modified their holdings of CCRN. Intech Investment Management LLC bought a new position in shares of Cross Country Healthcare in the 3rd quarter worth about $768,000. Quest Partners LLC purchased a new stake in shares of Cross Country Healthcare during the 3rd quarter valued at about $350,000. Gladius Capital Management LP boosted its holdings in shares of Cross Country Healthcare by 83.4% during the 3rd quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider's stock valued at $54,000 after acquiring an additional 1,812 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Cross Country Healthcare by 5.3% in the third quarter. Empowered Funds LLC now owns 128,362 shares of the business services provider's stock worth $1,725,000 after buying an additional 6,432 shares during the last quarter. Finally, Royce & Associates LP boosted its holdings in shares of Cross Country Healthcare by 51.4% in the third quarter. Royce & Associates LP now owns 1,132,566 shares of the business services provider's stock worth $15,222,000 after buying an additional 384,374 shares during the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

Cross Country Healthcare Company Profile

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.