Cross Country Healthcare (NASDAQ:CCRN) Shares Gap Down – Time to Sell?

Cross Country Healthcare, Inc. (NASDAQ:CCRN)’s share price gapped down before the market opened on Monday . The stock had previously closed at $18.10, but opened at $17.41. Cross Country Healthcare shares last traded at $17.47, with a volume of 463,309 shares.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. William Blair lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. JMP Securities reissued a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. StockNews.com began coverage on Cross Country Healthcare in a research note on Monday. They issued a “hold” rating for the company. Barrington Research restated a “market perform” rating on shares of Cross Country Healthcare in a research report on Tuesday, December 10th. Finally, Truist Financial upped 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 report on Thursday, December 5th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Cross Country Healthcare has an average rating of “Hold” and a consensus target price of $18.54.

Cross Country Healthcare Stock Performance

The stock’s 50 day simple moving average is $18.13 and its 200 day simple moving average is $14.98. The firm has a market cap of $567.22 million, a P/E ratio of -346.23, a price-to-earnings-growth ratio of 3.32 and a beta of 0.44.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Quadrant Capital Group LLC bought a new position in shares of Cross Country Healthcare during the 4th quarter worth approximately $25,000. Truvestments Capital LLC bought a new stake in shares of Cross Country Healthcare during the 3rd quarter worth $39,000. Plato Investment Management Ltd purchased a new position in shares of Cross Country Healthcare in the 4th quarter worth about $46,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Cross Country Healthcare during the third quarter valued at about $49,000. Finally, Point72 DIFC Ltd bought a new position in shares of Cross Country Healthcare during the 3rd quarter valued at approximately $52,000. 96.03% of the stock is owned by institutional investors.

About Cross Country Healthcare

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.