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

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has been given a consensus rating of “Hold” by the four brokerages that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $18.54.

CCRN has been the topic of a number of analyst reports. Barrington Research reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a research report on Tuesday, December 10th. Benchmark downgraded shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. 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. StockNews.com began coverage on shares of Cross Country Healthcare in a research report on Friday, January 31st. They set a “hold” rating on the stock. Finally, Truist Financial upped their target price 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.

Hedge Funds Weigh In On Cross Country Healthcare

Several hedge funds have recently modified their holdings of CCRN. Truvestments Capital LLC purchased a new position in Cross Country Healthcare during the third quarter valued at $39,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Cross Country Healthcare during the third quarter valued at about $49,000. Point72 DIFC Ltd bought a new stake in shares of Cross Country Healthcare in the third quarter worth about $52,000. Gladius Capital Management LP increased its holdings in shares of Cross Country Healthcare by 83.4% in 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 last quarter. Finally, US Bancorp DE lifted its position in shares of Cross Country Healthcare by 10,909.3% in 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 in the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Cross Country Healthcare Stock Performance

Shares of Cross Country Healthcare stock opened at $18.22 on Thursday. The stock has a market cap of $597.91 million, a P/E ratio of -364.33, a P/E/G ratio of 3.35 and a beta of 0.44. The stock’s fifty day moving average is $17.55 and its 200 day moving average is $14.86. Cross Country Healthcare has a one year low of $9.58 and a one year high of $21.41.

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.