Cross Country Healthcare, Inc. (NASDAQ:CCRN) Given Consensus Recommendation of “Hold” by Brokerages

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has earned a consensus rating of “Hold” from the four brokerages that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $18.54.

A number of analysts have recently issued reports on CCRN shares. Truist Financial lifted their price objective on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a report on Thursday, December 5th. StockNews.com assumed coverage on Cross Country Healthcare in a research note on Tuesday, January 7th. They issued a “hold” rating on the stock. William Blair lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Barrington Research reiterated a “market perform” rating on shares of Cross Country Healthcare in a research note on Tuesday, December 10th. Finally, Benchmark lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th.

Cross Country Healthcare Stock Performance

Shares of NASDAQ:CCRN opened at $18.20 on Friday. The company’s 50-day moving average is $14.86 and its 200 day moving average is $14.33. Cross Country Healthcare has a fifty-two week low of $9.58 and a fifty-two week high of $23.63. The company has a market capitalization of $599.09 million, a P/E ratio of -363.93, a price-to-earnings-growth ratio of 3.39 and a beta of 0.46.

Institutional Trading of Cross Country Healthcare

Several institutional investors and hedge funds have recently made changes to their positions in CCRN. Truvestments Capital LLC purchased a new position in shares of Cross Country Healthcare during the 3rd quarter valued at approximately $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Cross Country Healthcare in the 3rd quarter valued at $49,000. Point72 DIFC Ltd purchased a new stake in Cross Country Healthcare in the third quarter valued at approximately $52,000. Gladius Capital Management LP increased its stake in Cross Country Healthcare by 83.4% during the third 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. Finally, US Bancorp DE increased its stake in shares of Cross Country Healthcare by 10,909.3% during the third quarter. US Bancorp DE now owns 4,734 shares of the business services provider’s stock worth $64,000 after buying an additional 4,691 shares during the period. 96.03% of the stock is currently owned by 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.