Cross Country Healthcare, Inc. (NASDAQ:CCRN) Receives $18.54 Consensus Target Price from Brokerages

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

A number of research firms have recently weighed in on CCRN. Truist Financial raised their price target on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a research note on Thursday, December 5th. Barrington Research restated a “market perform” rating on shares of Cross Country Healthcare in a research note on Tuesday, December 10th. StockNews.com began coverage on shares of Cross Country Healthcare in a research note on Saturday. They issued a “hold” rating on the stock. Benchmark downgraded shares of 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 research report on Wednesday, December 4th.

Cross Country Healthcare Trading Up 0.1 %

CCRN opened at $18.20 on Thursday. The company’s 50 day moving average is $17.85 and its 200-day moving average is $14.90. Cross Country Healthcare has a 1-year low of $9.58 and a 1-year high of $21.41. The company has a market cap of $597.32 million, a P/E ratio of -363.93, a PEG ratio of 3.35 and a beta of 0.44.

Institutional Investors Weigh In On Cross Country Healthcare

Several hedge funds have recently added to or reduced their stakes in CCRN. Squarepoint Ops LLC acquired a new position in shares of Cross Country Healthcare in the 2nd quarter worth approximately $174,000. SG Americas Securities LLC acquired a new position in shares of Cross Country Healthcare in the 3rd quarter worth approximately $135,000. GAMMA Investing LLC lifted its position in shares of Cross Country Healthcare by 32.8% in the 3rd quarter. GAMMA Investing LLC now owns 7,543 shares of the business services provider’s stock worth $101,000 after purchasing an additional 1,865 shares during the period. Wedge Capital Management L L P NC lifted its position in shares of Cross Country Healthcare by 10.4% in the 3rd quarter. Wedge Capital Management L L P NC now owns 94,179 shares of the business services provider’s stock worth $1,266,000 after purchasing an additional 8,848 shares during the period. Finally, Inspire Advisors LLC acquired a new position in shares of Cross Country Healthcare in the 3rd quarter worth approximately $304,000. 96.03% of the stock is currently 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.