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

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

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

Cross Country Healthcare Price Performance

Cross Country Healthcare stock opened at $18.06 on Monday. Cross Country Healthcare has a 12-month low of $9.58 and a 12-month high of $23.64. The stock has a market capitalization of $594.48 million, a PE ratio of -361.13, a price-to-earnings-growth ratio of 3.39 and a beta of 0.61. The firm has a 50 day simple moving average of $13.69 and a 200-day simple moving average of $14.09.

Institutional Trading of Cross Country Healthcare

Large investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its position in shares of Cross Country Healthcare by 3.8% in the second quarter. Pacer Advisors Inc. now owns 4,550,848 shares of the business services provider’s stock worth $62,984,000 after buying an additional 165,032 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Cross Country Healthcare by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,360,016 shares of the business services provider’s stock valued at $32,662,000 after purchasing an additional 24,363 shares during the period. Systematic Financial Management LP lifted its position 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 purchasing an additional 130,746 shares in the last quarter. State Street Corp boosted its holdings in shares of Cross Country Healthcare by 0.5% during the third quarter. State Street Corp now owns 1,334,353 shares of the business services provider’s stock worth $17,934,000 after purchasing an additional 6,582 shares during the period. Finally, Royce & Associates LP grew 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 valued at $15,222,000 after purchasing an additional 384,374 shares in 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.