Cross Country Healthcare (NASDAQ:CCRN) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a report published on Sunday morning. The firm issued a hold rating on the business services provider’s stock.

A number of other brokerages also recently issued reports on CCRN. Benchmark downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Barrington Research reiterated a “market perform” rating on shares of Cross Country Healthcare in a research report on Tuesday, December 10th. William Blair downgraded shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. 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 report on Thursday, December 5th. Finally, JMP Securities reiterated a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $18.54.

Cross Country Healthcare Stock Performance

CCRN opened at $18.07 on Friday. The stock has a market capitalization of $592.99 million, a PE ratio of -361.33, a P/E/G ratio of 3.35 and a beta of 0.44. Cross Country Healthcare has a one year low of $9.58 and a one year high of $19.25. The business’s 50 day moving average price is $18.13 and its 200 day moving average price is $14.94.

Institutional Investors Weigh In On Cross Country Healthcare

Several large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC boosted its position in Cross Country Healthcare by 337.6% in the 3rd quarter. Jane Street Group LLC now owns 181,492 shares of the business services provider’s stock valued at $2,439,000 after buying an additional 140,013 shares during the period. PDT Partners LLC purchased a new position in Cross Country Healthcare in the third quarter valued at $856,000. Barclays PLC boosted its holdings in Cross Country Healthcare by 117.5% in the third quarter. Barclays PLC now owns 80,277 shares of the business services provider’s stock valued at $1,078,000 after purchasing an additional 43,372 shares during the period. Royce & Associates LP grew its stake in Cross Country Healthcare by 51.4% during the 3rd quarter. Royce & Associates LP now owns 1,132,566 shares of the business services provider’s stock worth $15,222,000 after purchasing an additional 384,374 shares in the last quarter. Finally, Systematic Financial Management LP increased its holdings in Cross Country Healthcare by 8.5% during the 3rd quarter. Systematic Financial Management LP now owns 1,662,730 shares of the business services provider’s stock worth $22,347,000 after purchasing an additional 130,746 shares during the period. 96.03% of the stock is owned by hedge funds and other 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.