Cross Country Healthcare (NASDAQ:CCRN) Earns Market Perform Rating from Barrington Research

Cross Country Healthcare (NASDAQ:CCRN)‘s stock had its “market perform” rating reissued by investment analysts at Barrington Research in a report issued on Friday,Benzinga reports. They presently have a $18.61 target price on the business services provider’s stock. Barrington Research’s price objective would suggest a potential upside of 19.45% from the stock’s previous close.

Several other research analysts have also issued reports on CCRN. StockNews.com began coverage on Cross Country Healthcare in a research report on Wednesday. They set a “hold” rating for the company. William Blair lowered 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. Benchmark lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Truist Financial raised their target price on Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Cross Country Healthcare presently has an average rating of “Hold” and an average target price of $18.41.

Cross Country Healthcare Stock Performance

Shares of CCRN opened at $15.58 on Friday. Cross Country Healthcare has a 52 week low of $9.58 and a 52 week high of $19.25. The stock has a market capitalization of $511.23 million, a price-to-earnings ratio of -311.54, a PEG ratio of 3.32 and a beta of 0.44. The stock has a fifty day moving average of $17.68 and a 200-day moving average of $15.18.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. BCK Capital Management LP bought a new position in shares of Cross Country Healthcare in the 4th quarter worth about $1,076,000. CSS LLC IL acquired a new stake in shares of Cross Country Healthcare in the 4th quarter valued at about $828,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Cross Country Healthcare by 7.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 107,333 shares of the business services provider’s stock valued at $1,949,000 after buying an additional 7,278 shares during the period. Squarepoint Ops LLC grew its stake in shares of Cross Country Healthcare by 508.8% in the 4th quarter. Squarepoint Ops LLC now owns 255,362 shares of the business services provider’s stock valued at $4,637,000 after buying an additional 213,416 shares during the period. Finally, Two Sigma Investments LP grew its stake in shares of Cross Country Healthcare by 21.8% in the 4th quarter. Two Sigma Investments LP now owns 34,733 shares of the business services provider’s stock valued at $631,000 after buying an additional 6,215 shares during the period. 96.03% of the stock is owned by institutional investors.

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.