Brokerages Set Cross Country Healthcare, Inc. (NASDAQ:CCRN) Price Target at $18.54

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has been assigned a consensus recommendation of “Hold” from the five brokerages that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating. The average twelve-month price target among analysts that have covered the stock in the last year is $18.54.

A number of research analysts have recently weighed in on the company. JMP Securities reissued a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. William Blair downgraded shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. StockNews.com assumed coverage on shares of Cross Country Healthcare in a research note on Saturday, February 8th. They set a “hold” rating for the company. Truist Financial increased their price objective on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Finally, Benchmark downgraded shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Trexquant Investment LP grew its position in shares of Cross Country Healthcare by 132.5% during the 4th quarter. Trexquant Investment LP now owns 96,597 shares of the business services provider’s stock valued at $1,754,000 after acquiring an additional 55,043 shares during the period. Geode Capital Management LLC grew its holdings in Cross Country Healthcare by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 754,368 shares of the business services provider’s stock valued at $13,702,000 after purchasing an additional 2,112 shares during the period. Alliancebernstein L.P. increased its position in shares of Cross Country Healthcare by 443.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,284,940 shares of the business services provider’s stock valued at $23,335,000 after buying an additional 1,048,605 shares in the last quarter. Norges Bank acquired a new position in shares of Cross Country Healthcare during the 4th quarter worth approximately $2,027,000. Finally, Easterly Investment Partners LLC purchased a new position in shares of Cross Country Healthcare during the 4th quarter valued at approximately $1,040,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

Cross Country Healthcare Price Performance

NASDAQ CCRN opened at $18.24 on Thursday. The company has a market cap of $598.64 million, a price-to-earnings ratio of -364.73, a PEG ratio of 3.35 and a beta of 0.44. The stock’s fifty day moving average price is $18.12 and its 200 day moving average price is $14.92. Cross Country Healthcare has a 1 year low of $9.58 and a 1 year high of $21.41.

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.