Cross Country Healthcare (NASDAQ:CCRN) Price Target Lowered to $15.00 at Truist Financial

Cross Country Healthcare (NASDAQ:CCRN) had its target price decreased by Truist Financial from $17.00 to $15.00 in a research note issued to investors on Monday morning, Benzinga reports. Truist Financial currently has a hold rating on the business services provider’s stock.

Separately, Barrington Research cut their price objective 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. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Cross Country Healthcare currently has an average rating of “Hold” and an average target price of $19.20.

Cross Country Healthcare Stock Down 6.6 %

Shares of CCRN stock opened at $12.02 on Monday. Cross Country Healthcare has a 12 month low of $11.97 and a 12 month high of $23.64. The firm has a market cap of $417.98 million, a PE ratio of 9.25, a price-to-earnings-growth ratio of 2.37 and a beta of 0.63. The stock has a 50 day moving average of $13.77 and a 200-day moving average of $14.88.

Cross Country Healthcare (NASDAQ:CCRN) last released its earnings results on Wednesday, July 31st. The business services provider reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04). Cross Country Healthcare had a net margin of 0.54% and a return on equity of 7.29%. The company had revenue of $339.77 million for the quarter, compared to analyst estimates of $334.75 million. During the same quarter in the previous year, the company earned $0.69 earnings per share. Cross Country Healthcare’s revenue for the quarter was down 37.2% compared to the same quarter last year. As a group, equities analysts predict that Cross Country Healthcare will post 0.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other Cross Country Healthcare news, 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 completion of the transaction, the insider now owns 24,696 shares in the company, valued at $421,807.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, VP Cynthia Ann Grieco sold 1,945 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $17.21, for a total transaction of $33,473.45. Following the completion of the sale, the vice president now owns 7,605 shares of the company’s stock, valued at approximately $130,882.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Karen Mote sold 13,829 shares of Cross Country Healthcare stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $17.08, for a total transaction of $236,199.32. Following the completion of the transaction, the insider now owns 24,696 shares of the company’s stock, valued at $421,807.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.90% of the company’s stock.

Institutional Investors Weigh In On Cross Country Healthcare

A number of large investors have recently bought and sold shares of the business. nVerses Capital LLC bought a new stake in shares of Cross Country Healthcare during the second quarter worth $50,000. GAMMA Investing LLC lifted its position in Cross Country Healthcare by 622.4% during the 2nd quarter. GAMMA Investing LLC now owns 5,678 shares of the business services provider’s stock worth $79,000 after buying an additional 4,892 shares in the last quarter. Denali Advisors LLC lifted its position in Cross Country Healthcare by 3,885.5% during the 1st quarter. Denali Advisors LLC now owns 5,500 shares of the business services provider’s stock worth $103,000 after buying an additional 5,362 shares in the last quarter. SG Americas Securities LLC acquired a new position in Cross Country Healthcare during the 3rd quarter worth about $135,000. Finally, EMC Capital Management acquired a new position in Cross Country Healthcare during the 1st quarter worth about $155,000. 96.03% of the stock is currently owned by institutional investors.

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.