Cross Country Healthcare, Inc. (NASDAQ:CCRN) Receives $18.54 Average PT from Brokerages

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have received an average recommendation of “Hold” from the four ratings firms that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $18.54.

Several equities research analysts recently issued reports on CCRN shares. Benchmark lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Barrington Research reissued a “market perform” rating on shares of Cross Country Healthcare in a report on Tuesday, December 10th. StockNews.com started coverage on Cross Country Healthcare in a research note on Saturday, December 14th. They issued a “hold” rating on the stock. William Blair cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Truist Financial lifted 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.

Cross Country Healthcare Stock Performance

Shares of CCRN opened at $17.91 on Wednesday. The firm has a market cap of $589.54 million, a PE ratio of -358.13, a PEG ratio of 3.39 and a beta of 0.61. Cross Country Healthcare has a twelve month low of $9.58 and a twelve month high of $23.64. The firm’s 50 day moving average price is $13.04 and its 200 day moving average price is $13.95.

Institutional Investors Weigh In On Cross Country Healthcare

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James & Associates increased its stake in Cross Country Healthcare by 0.7% during the second quarter. Raymond James & Associates now owns 165,324 shares of the business services provider’s stock valued at $2,288,000 after acquiring an additional 1,155 shares during the period. SummerHaven Investment Management LLC raised its stake in shares of Cross Country Healthcare by 3.8% in the second quarter. SummerHaven Investment Management LLC now owns 28,376 shares of the business services provider’s stock valued at $393,000 after purchasing an additional 1,032 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Cross Country Healthcare by 3.1% in the second quarter. Bank of New York Mellon Corp now owns 304,956 shares of the business services provider’s stock valued at $4,221,000 after purchasing an additional 9,090 shares in the last quarter. nVerses Capital LLC bought a new position in Cross Country Healthcare in the second quarter worth $50,000. Finally, Versor Investments LP boosted its stake in Cross Country Healthcare by 20.4% during the second quarter. Versor Investments LP now owns 12,400 shares of the business services provider’s stock worth $172,000 after buying an additional 2,100 shares in the last quarter. Institutional investors and hedge funds 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.