Cross Country Healthcare (NASDAQ:CCRN) Now Covered by Analysts at StockNews.com

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

Other analysts have also issued research reports about the stock. Benchmark lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. 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. JMP Securities reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Barrington Research reissued a “market perform” rating and set a $18.61 price objective on shares of Cross Country Healthcare in a report on Friday, March 14th. Finally, Truist Financial raised their target price on Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a report on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Cross Country Healthcare has an average rating of “Hold” and an average target price of $18.41.

Cross Country Healthcare Stock Performance

Shares of CCRN opened at $15.00 on Friday. The firm has a market cap of $492.20 million, a PE ratio of -299.94, a price-to-earnings-growth ratio of 3.32 and a beta of 0.44. Cross Country Healthcare has a 52-week low of $9.58 and a 52-week high of $19.14. The business’s 50 day moving average price is $17.04 and its two-hundred day moving average price is $15.20.

Institutional Investors Weigh In On Cross Country Healthcare

Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC lifted its holdings in Cross Country Healthcare by 337.6% in the third quarter. Jane Street Group LLC now owns 181,492 shares of the business services provider’s stock worth $2,439,000 after buying an additional 140,013 shares during the period. PDT Partners LLC bought a new position in shares of Cross Country Healthcare in the 3rd quarter worth approximately $856,000. Barclays PLC lifted its stake in shares of Cross Country Healthcare by 117.5% in the 3rd quarter. Barclays PLC now owns 80,277 shares of the business services provider’s stock valued at $1,078,000 after purchasing an additional 43,372 shares during the period. Systematic Financial Management LP boosted its position in shares of 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 purchasing an additional 130,746 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Cross Country Healthcare by 288.0% in the third 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 period. Hedge funds and other institutional investors own 96.03% of the company’s stock.

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.