Cross Country Healthcare (NASDAQ:CCRN) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a research report sent to investors on Saturday. The firm issued a hold rating on the business services provider’s stock.

Several other research analysts also recently weighed in on CCRN. William Blair downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Barrington Research reiterated a “market perform” rating on shares of Cross Country Healthcare in a research note on Tuesday, December 10th. Benchmark downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Truist Financial lifted their price target on Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a report on Thursday, December 5th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $18.54.

Cross Country Healthcare Price Performance

NASDAQ:CCRN opened at $17.93 on Friday. The firm has a market cap of $590.20 million, a PE ratio of -358.60, a P/E/G ratio of 3.39 and a beta of 0.61. The firm has a 50 day simple moving average of $12.48 and a 200-day simple moving average of $13.83. Cross Country Healthcare has a 1-year low of $9.58 and a 1-year high of $23.64.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCRN. Truvestments Capital LLC acquired a new stake in Cross Country Healthcare during the third quarter worth about $39,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Cross Country Healthcare during the 3rd quarter worth about $49,000. nVerses Capital LLC acquired a new stake in Cross Country Healthcare during the 2nd quarter worth approximately $50,000. Point72 DIFC Ltd purchased a new position in Cross Country Healthcare in the third quarter valued at approximately $52,000. Finally, Gladius Capital Management LP lifted its position in Cross Country Healthcare by 83.4% during the third quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider’s stock valued at $54,000 after buying an additional 1,812 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Cross Country Healthcare Company Profile

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.