Cross Country Healthcare (NASDAQ:CCRN) Coverage Initiated by Analysts at StockNews.com

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

Several other equities analysts have also issued reports on the stock. Truist Financial lifted their price objective 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. Barrington Research reissued a “market perform” rating on shares of Cross Country Healthcare in a research report 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, William Blair downgraded shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $18.54.

Cross Country Healthcare Price Performance

CCRN stock opened at $18.25 on Thursday. The company has a market capitalization of $600.74 million, a P/E ratio of -364.93, a PEG ratio of 3.35 and a beta of 0.46. The business has a 50-day moving average price of $15.99 and a 200 day moving average price of $14.59. Cross Country Healthcare has a 1-year low of $9.58 and a 1-year high of $23.15.

Institutional Inflows and Outflows

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