Cross Country Healthcare (CCRN) Downgraded by ValuEngine

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

Other analysts have also issued research reports about the stock. Barrington Research set a $11.00 target price on shares of Cross Country Healthcare and gave the company a “buy” rating in a research report on Thursday, November 15th. BidaskClub upgraded shares of Cross Country Healthcare from a “hold” rating to a “buy” rating in a research report on Friday, January 11th. Zacks Investment Research upgraded shares of Cross Country Healthcare from a “sell” rating to a “hold” rating in a research report on Monday, December 17th. SunTrust Banks lowered shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Finally, BMO Capital Markets dropped 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 investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $10.00.

Cross Country Healthcare stock traded down $0.25 during mid-day trading on Friday, reaching $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 fifty-two week low of $6.91 and a fifty-two week high of $12.90. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.28 and a quick ratio of 2.28. The firm has a market capitalization of $273.94 million, a P/E ratio of 61.17, a P/E/G ratio of 7.79 and a beta of 1.15.

Hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of Cross Country Healthcare during the fourth quarter valued at $74,000. Municipal Employees Retirement System of Michigan bought a new position in shares of Cross Country Healthcare during the fourth quarter valued at $75,000. Magnus Financial Group LLC bought a new position in shares of Cross Country Healthcare during the fourth quarter valued at $83,000. Metropolitan Life Insurance Co. NY raised its stake in shares of Cross Country Healthcare by 399.4% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 11,861 shares of the business services provider’s stock valued at $87,000 after acquiring an additional 9,486 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Cross Country Healthcare by 36.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,104 shares of the business services provider’s stock valued at $97,000 after acquiring an additional 3,476 shares during the last quarter. 89.70% of the stock is 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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Analyst Recommendations for Cross Country Healthcare (NASDAQ:CCRN)

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