Cross Country Healthcare (NASDAQ:CCRN) Research Coverage Started at StockNews.com

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

Several other equities research analysts have also recently weighed in on the company. Barrington Research restated a “market perform” rating on shares of Cross Country Healthcare in a report on Tuesday, December 10th. Truist Financial increased 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. William Blair cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Benchmark cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, JMP Securities restated a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $18.54.

Cross Country Healthcare Trading Up 0.1 %

CCRN opened at $18.20 on Friday. The stock has a 50-day moving average price of $17.85 and a 200-day moving average price of $14.90. Cross Country Healthcare has a 12-month low of $9.58 and a 12-month high of $21.41. The stock has a market capitalization of $597.32 million, a P/E ratio of -363.93, a PEG ratio of 3.35 and a beta of 0.44.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CCRN. Systematic Financial Management LP boosted its stake in shares of Cross Country Healthcare by 8.5% during the 3rd 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. State Street Corp boosted its stake in shares of Cross Country Healthcare by 0.5% during the 3rd quarter. State Street Corp now owns 1,334,353 shares of the business services provider’s stock valued at $17,934,000 after purchasing an additional 6,582 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Cross Country Healthcare by 3.4% during the 4th quarter. Royce & Associates LP now owns 1,170,945 shares of the business services provider’s stock valued at $21,264,000 after purchasing an additional 38,379 shares in the last quarter. Alpine Associates Management Inc. bought a new stake in shares of Cross Country Healthcare during the 4th quarter valued at about $10,552,000. Finally, Dana Investment Advisors Inc. boosted its stake in shares of Cross Country Healthcare by 36.6% during the 4th quarter. Dana Investment Advisors Inc. now owns 552,875 shares of the business services provider’s stock valued at $10,040,000 after purchasing an additional 148,160 shares in the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

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.