W Larry Cash Buys 5,000 Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) Stock

Cross Country Healthcare, Inc. (NASDAQ:CCRN) Director W Larry Cash bought 5,000 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was bought at an average cost of $12.39 per share, with a total value of $61,950.00. Following the transaction, the director now owns 139,306 shares in the company, valued at approximately $1,726,001.34. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of CCRN stock opened at $12.66 on Friday. The firm has a fifty day moving average price of $10.51 and a 200-day moving average price of $9.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.99 and a quick ratio of 1.99. The company has a market cap of $418.70 million, a price-to-earnings ratio of 105.50, a PEG ratio of 14.17 and a beta of 1.28. Cross Country Healthcare, Inc. has a 1 year low of $6.75 and a 1 year high of $12.99.

Cross Country Healthcare (NASDAQ:CCRN) last announced its earnings results on Tuesday, November 5th. The business services provider reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. The firm had revenue of $209.20 million for the quarter, compared to analysts’ expectations of $202.60 million. Cross Country Healthcare had a negative net margin of 9.44% and a positive return on equity of 1.24%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.02 EPS. Equities research analysts expect that Cross Country Healthcare, Inc. will post 0.09 EPS for the current year.

CCRN has been the subject of a number of research analyst reports. ValuEngine downgraded shares of Cross Country Healthcare from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. BMO Capital Markets lifted their target price on shares of Cross Country Healthcare from $10.00 to $12.00 and gave the stock a “market perform” rating in a research report on Wednesday. Zacks Investment Research raised shares of Cross Country Healthcare from a “hold” rating to a “strong-buy” rating and set a $12.00 target price for the company in a research report on Tuesday, October 1st. Finally, BidaskClub raised shares of Cross Country Healthcare from a “hold” rating to a “buy” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $11.33.

Several hedge funds and other institutional investors have recently made changes to their positions in CCRN. Crossmark Global Holdings Inc. raised its position in shares of Cross Country Healthcare by 4.6% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 32,340 shares of the business services provider’s stock valued at $303,000 after buying an additional 1,430 shares in the last quarter. Arizona State Retirement System raised its position in shares of Cross Country Healthcare by 2.5% during the 2nd quarter. Arizona State Retirement System now owns 57,125 shares of the business services provider’s stock valued at $536,000 after buying an additional 1,374 shares in the last quarter. Investment Management of Virginia LLC raised its position in shares of Cross Country Healthcare by 2.9% during the 2nd quarter. Investment Management of Virginia LLC now owns 187,928 shares of the business services provider’s stock valued at $1,763,000 after buying an additional 5,251 shares in the last quarter. Magnus Financial Group LLC raised its position in shares of Cross Country Healthcare by 20.2% during the 2nd quarter. Magnus Financial Group LLC now owns 13,580 shares of the business services provider’s stock valued at $127,000 after buying an additional 2,278 shares in the last quarter. Finally, Investment Counselors of Maryland LLC raised its position in shares of Cross Country Healthcare by 1.1% during the 2nd quarter. Investment Counselors of Maryland LLC now owns 973,239 shares of the business services provider’s stock valued at $9,129,000 after buying an additional 10,207 shares in the last quarter. Hedge funds and other institutional investors own 93.15% 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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