Third Quarter 2022 EPS Estimates for Cross Country Healthcare, Inc. (NASDAQ:CCRN) Raised by Analyst

Cross Country Healthcare, Inc. (NASDAQ:CCRN – Get Rating) – Investment analysts at Jefferies Financial Group have raised their third quarter 2022 earnings per share estimates for Cross Country Healthcare in a research note released to investors on Monday September 12. Jefferies Financial Group analyst B. Tanquilut now expects the business services provider to earn $0.91 per share for the quarter, up from its previous forecast of $0.78. The consensus estimate for Cross Country Healthcare’s current annual earnings is $4.66 per share. Jefferies Financial Group also released estimates for Cross Country Healthcare’s fiscal year 2022 earnings at $4.68 EPS and fiscal year 2023 earnings at $3.11 EPS.

Several other analysts have also published reports on the CCRN. Credit Suisse Group cut its price target on Cross Country Healthcare from $28.00 to $26.00 and set a “neutral” rating for the company in a Thursday, June 9 research note. Benchmark reduced its price target on Cross Country Healthcare from $42.00 to $37.00 and set a “buy” rating for the company in a Monday, June 13 research note. Finally, Barrington Research lowered its price target on Cross Country Healthcare to $40.00 in a Monday, August 22 research note. Two research analysts rated the stock with a hold rating and three gave the company a buy rating. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $32.50.

Cross-country healthcare stock down 1.0%

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Shares of CCRN opened at $26.60 on Wednesday. The company has a market capitalization of $1.02 billion, a P/E ratio of 4.65, a P/E/G ratio of 0.57 and a beta of 1.03. The stock has a 50-day simple moving average of $25.11 and a 200-day simple moving average of $21.47. The company has a debt ratio of 0.50, a current ratio of 2.67 and a quick ratio of 2.67. Cross Country Healthcare has a 1 year minimum of $15.26 and a 1 year maximum of $30.51.

Insider activity

Separately, CEO John Anthony Martins acquired 4,000 shares of the company in a transaction dated Wednesday, August 24. The shares were purchased at an average price of $25.24 per share, with a total value of $100,960.00. Following the completion of the purchase, the CEO now owns 52,039 shares of the company, valued at approximately $1,313,464.36. The acquisition was disclosed in a filing with the SEC, accessible via this link. In other Cross Country Healthcare news, CEO John Anthony Martins purchased 4,000 shares of the company in a deal that took place on Wednesday, August 24. The stock was purchased at an average price of $25.24 per share, for a total transaction of $100,960.00. Following the completion of the acquisition, the CEO now directly owns 52,039 shares of the company, valued at $1,313,464.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, available on the SEC’s website. Additionally, W manager Larry Cash bought 1,500 shares of the company in a trade that took place on Tuesday, August 30. The shares were acquired at an average price of $25.60 per share, with a total value of $38,400.00. Following the acquisition, the director now owns 177,899 shares of the company, valued at $4,554,214.40. Disclosure of this purchase can be found here. Insiders hold 5.00% of the shares of the company.

Hedge funds weigh on health care across the country

A number of institutional investors have recently increased or reduced their stake in CCRN. Advisor Group Holdings Inc. increased its stake in Cross Country Healthcare by 492.6% in the fourth quarter. Advisor Group Holdings Inc. now owns 2,963 shares of the business services provider worth $82,000 after buying 2,463 additional shares in the last quarter. American Century Companies Inc. bought a new position in Cross Country Healthcare in the fourth quarter worth $203,000. Northern Trust Corp increased its holdings in Cross Country Healthcare by 3.3% in the fourth quarter. Northern Trust Corp now owns 402,575 shares of the business services provider worth $11,176,000 after buying an additional 12,905 shares last quarter. ProShare Advisors LLC bought a new position in shares of Cross Country Healthcare during the fourth quarter at a value of $249,000. Finally, First Trust Advisors LP increased its equity stake in Cross Country Healthcare by 14.1% during the fourth quarter. First Trust Advisors LP now owns 57,334 shares of the business services provider valued at $1,592,000 after acquiring an additional 7,085 shares in the last quarter. Institutional investors hold 95.25% of the company’s shares.

Cross Country Healthcare Company Profile

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Cross Country Healthcare, Inc provides talent management and other advisory services to healthcare clients in the United States. The Company operates through two segments, Nurse and Paramedic Staffing and Medical Staffing. The Nursing and Paramedical Staff segment offers traditional staffing, including temporary and permanent placement of traveling nurses and allied health professionals, local nurses and allied health workers; staffing solutions for registered nurses, licensed practical nurses, certified practical nurses, practitioners, pharmacists and other related professionals on day and short-term assignments; and clinical and non-clinical professionals on long-term contracts, as well as workforce solutions including MSP, RPO and consulting services.

See also

Revenue history and estimates for Cross Country Healthcare (NASDAQ:CCRN)

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