Cross Country Healthcare (CCRN) Downgraded by ValuEngine

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Cross Country Healthcare (NASDAQ:CCRN) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Several other equities research analysts also recently weighed in on CCRN. Zacks Investment Research downgraded shares of Cross Country Healthcare from a “hold” rating to a “sell” rating in a research note on Monday, December 24th. BidaskClub downgraded shares of Cross Country Healthcare from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 20th. Finally, BMO Capital Markets decreased their price target on shares of Cross Country Healthcare from $10.00 to $8.00 and set a “market perform” rating for the company in a research note on Thursday, February 28th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Cross Country Healthcare currently has an average rating of “Hold” and a consensus price target of $10.00.

CCRN traded down $0.25 during midday trading on Friday, hitting $7.34. The company had a trading volume of 244,603 shares, compared to its average volume of 220,837. Cross Country Healthcare has a 52 week low of $6.91 and a 52 week high of $12.90. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.36. The company has a market cap of $273.94 million, a P/E ratio of 61.17, a price-to-earnings-growth ratio of 7.79 and a beta of 1.15.

Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of Cross Country Healthcare by 13.9% during the third quarter. Dimensional Fund Advisors LP now owns 2,232,283 shares of the business services provider’s stock valued at $19,488,000 after buying an additional 271,934 shares during the last quarter. 22NW LP acquired a new position in shares of Cross Country Healthcare during the third quarter valued at about $2,671,000. Clearbridge Investments LLC grew its holdings in shares of Cross Country Healthcare by 24.3% during the third quarter. Clearbridge Investments LLC now owns 310,120 shares of the business services provider’s stock valued at $2,707,000 after buying an additional 60,565 shares during the last quarter. Seizert Capital Partners LLC acquired a new position in shares of Cross Country Healthcare during the third quarter valued at about $406,000. Finally, Investment Counselors of Maryland LLC grew its holdings in shares of Cross Country Healthcare by 2.3% during the fourth quarter. Investment Counselors of Maryland LLC now owns 925,400 shares of the business services provider’s stock valued at $6,783,000 after buying an additional 20,500 shares during the last quarter. Hedge funds and other institutional investors own 89.70% of the company’s stock.

Cross Country Healthcare Company Profile

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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