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

Equities research analysts at StockNews.com began coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a research report issued on Saturday. The firm set a “hold” rating on the business services provider’s stock.

Several other equities research analysts have also weighed in on the company. Barrington Research reissued a “market perform” rating on shares of Cross Country Healthcare in a research note on Tuesday, December 10th. William Blair cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Benchmark lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, Truist Financial lifted their target price 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. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $18.54.

Cross Country Healthcare Stock Performance

Shares of NASDAQ CCRN opened at $18.06 on Friday. Cross Country Healthcare has a 1 year low of $9.58 and a 1 year high of $23.64. The stock has a fifty day moving average price of $12.48 and a two-hundred day moving average price of $13.83. The firm has a market cap of $594.48 million, a P/E ratio of -361.20, a PEG ratio of 3.39 and a beta of 0.61.

Hedge Funds Weigh In On Cross Country Healthcare

A number of hedge funds have recently modified their holdings of CCRN. PDT Partners LLC purchased a new position in Cross Country Healthcare in the third quarter valued at about $856,000. Royce & Associates LP increased its position in 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 buying an additional 384,374 shares during the last quarter. Systematic Financial Management LP raised its holdings in Cross Country Healthcare by 8.5% during the third quarter. Systematic Financial Management LP now owns 1,662,730 shares of the business services provider’s stock valued at $22,347,000 after buying an additional 130,746 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Cross Country Healthcare by 288.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 54,967 shares of the business services provider’s stock worth $739,000 after purchasing an additional 40,799 shares during the last quarter. Finally, Walleye Capital LLC bought a new stake in Cross Country Healthcare during the third quarter worth approximately $1,128,000. 96.03% of the stock is owned by institutional investors and hedge funds.

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.