Cross Country Healthcare, Inc. (NASDAQ:CCRN) Receives $18.41 Average PT from Analysts

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have earned an average rating of “Hold” from the five analysts that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation. The average 12-month target price among brokerages that have covered the stock in the last year is $18.41.

Several equities research analysts recently commented on CCRN shares. Barrington Research reiterated a “market perform” rating and set a $18.61 price target on shares of Cross Country Healthcare in a research note on Friday, March 14th. 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 research report on Thursday, December 5th. JMP Securities reissued a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. StockNews.com began coverage on Cross Country Healthcare in a report on Friday. They issued a “hold” rating on the stock. Finally, Benchmark cut shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th.

Cross Country Healthcare Stock Down 0.7 %

Shares of CCRN opened at $15.00 on Friday. The company has a market capitalization of $492.20 million, a price-to-earnings 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 stock has a 50 day moving average price of $17.04 and a 200 day moving average price of $15.22.

Institutional Trading of Cross Country Healthcare

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC purchased a new stake in shares of Cross Country Healthcare during the 4th quarter worth approximately $25,000. Truvestments Capital LLC acquired a new position in shares of Cross Country Healthcare during the 3rd quarter worth approximately $39,000. Plato Investment Management Ltd acquired a new position in shares of Cross Country Healthcare in the fourth quarter worth $46,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Cross Country Healthcare during the 3rd quarter worth about $49,000. Finally, Point72 DIFC Ltd purchased a new position in Cross Country Healthcare in the 3rd quarter valued at about $52,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

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.