StockNews.com Begins Coverage on Cross Country Healthcare (NASDAQ:CCRN)

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

A number of other brokerages also recently issued reports on CCRN. Truist Financial lifted their price target on Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a research report on Thursday, December 5th. William Blair lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Barrington Research reissued a “market perform” rating on shares of Cross Country Healthcare in a report on Tuesday, December 10th. Finally, Benchmark downgraded shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, Cross Country Healthcare presently has an average rating of “Hold” and an average target price of $18.54.

Cross Country Healthcare Price Performance

CCRN opened at $18.24 on Tuesday. The firm has a market capitalization of $600.41 million, a P/E ratio of -364.73, a price-to-earnings-growth ratio of 3.39 and a beta of 0.46. Cross Country Healthcare has a one year low of $9.58 and a one year high of $23.64. The company has a fifty day moving average price of $14.46 and a 200-day moving average price of $14.25.

Hedge Funds Weigh In On Cross Country Healthcare

Several institutional investors and hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Cross Country Healthcare by 14.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,169 shares of the business services provider’s stock valued at $137,000 after buying an additional 1,250 shares during the last quarter. Gladius Capital Management LP increased its stake in Cross Country Healthcare by 83.4% in the 3rd quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider’s stock worth $54,000 after purchasing an additional 1,812 shares during the period. GAMMA Investing LLC lifted its position in Cross Country Healthcare by 32.8% in the third quarter. GAMMA Investing LLC now owns 7,543 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 1,865 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of Cross Country Healthcare in the third quarter worth $39,000. Finally, Public Sector Pension Investment Board raised its holdings in Cross Country Healthcare by 4.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 71,927 shares of the business services provider’s stock valued at $995,000 after buying an additional 3,356 shares during the last quarter. Institutional investors 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.