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

Equities research analysts at StockNews.com began coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a research note issued on Tuesday. The brokerage set a “hold” rating on the business services provider’s stock.

Several other analysts have also recently weighed in on the company. Benchmark cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. William Blair lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Truist Financial increased their price objective on Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a report on Thursday, December 5th. Finally, Barrington Research restated a “market perform” rating on shares of Cross Country Healthcare in a report on Tuesday, December 10th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $18.54.

Cross Country Healthcare Trading Up 0.1 %

Shares of Cross Country Healthcare stock opened at $18.24 on Tuesday. The company’s fifty day simple moving average is $14.46 and its two-hundred day simple moving average is $14.25. Cross Country Healthcare has a 12-month low of $9.58 and a 12-month high of $23.64. The company has a market cap of $600.41 million, a P/E ratio of -364.73, a PEG ratio of 3.39 and a beta of 0.46.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its stake in Cross Country Healthcare by 337.6% during the 3rd quarter. Jane Street Group LLC now owns 181,492 shares of the business services provider’s stock valued at $2,439,000 after buying an additional 140,013 shares during the last quarter. PDT Partners LLC purchased a new stake in Cross Country Healthcare during the third quarter valued at $856,000. Royce & Associates LP lifted its holdings in Cross Country Healthcare by 51.4% in 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 acquiring an additional 384,374 shares during the period. Systematic Financial Management LP boosted its position in 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 during the last quarter. Finally, BNP Paribas Financial Markets boosted its position 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 last quarter. 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.