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 research note issued to investors on Wednesday morning. The firm issued a hold rating on the business services provider’s stock.

A number of other brokerages have also recently issued reports on CCRN. William Blair cut shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Barrington Research restated a “market perform” rating on shares of Cross Country Healthcare in a report on Tuesday, December 10th. JMP Securities restated a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Benchmark downgraded shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, Truist Financial boosted their target price on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a report on Thursday, December 5th. Six 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 $18.41.

Cross Country Healthcare Stock Down 1.1 %

Shares of NASDAQ CCRN opened at $15.58 on Wednesday. Cross Country Healthcare has a 52 week low of $9.58 and a 52 week high of $19.25. The firm has a 50-day moving average price of $17.68 and a 200 day moving average price of $15.18. The stock has a market capitalization of $511.23 million, a price-to-earnings ratio of -311.54, a price-to-earnings-growth ratio of 3.32 and a beta of 0.44.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CCRN. US Bancorp DE lifted its position in shares of Cross Country Healthcare by 10,909.3% during the third quarter. US Bancorp DE now owns 4,734 shares of the business services provider’s stock worth $64,000 after purchasing an additional 4,691 shares in the last quarter. Royce & Associates LP lifted its position in shares of Cross Country Healthcare by 51.4% during the third 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. Empowered Funds LLC lifted its position in shares of Cross Country Healthcare by 5.3% during the third quarter. Empowered Funds LLC now owns 128,362 shares of the business services provider’s stock worth $1,725,000 after purchasing an additional 6,432 shares in the last quarter. Gladius Capital Management LP lifted its position in shares of 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 worth $54,000 after purchasing an additional 1,812 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Cross Country Healthcare during the third quarter worth $350,000. 96.03% of the stock is owned by institutional investors and hedge funds.

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.