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

StockNews.com initiated coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a research note issued to investors on Saturday. The brokerage set a “hold” rating on the business services provider’s stock.

A number of other research firms also recently commented on CCRN. William Blair downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Truist Financial upped 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. Benchmark cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. JMP Securities reiterated a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday. Finally, Barrington Research restated a “market perform” rating on shares of Cross Country Healthcare in a report on Tuesday, December 10th. Six analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.54.

Cross Country Healthcare Stock Down 0.1 %

Shares of NASDAQ CCRN opened at $18.18 on Friday. The stock has a market cap of $596.59 million, a P/E ratio of -363.53, a P/E/G ratio of 3.35 and a beta of 0.44. The firm’s 50-day simple moving average is $17.85 and its 200 day simple moving average is $14.90. Cross Country Healthcare has a fifty-two week low of $9.58 and a fifty-two week high of $21.41.

Hedge Funds Weigh In On Cross Country Healthcare

Several institutional investors and hedge funds have recently bought and sold shares of CCRN. Systematic Financial Management LP boosted its holdings in shares of Cross Country Healthcare by 8.5% during 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 period. State Street Corp lifted its position in Cross Country Healthcare by 0.5% in the 3rd quarter. State Street Corp now owns 1,334,353 shares of the business services provider’s stock worth $17,934,000 after buying an additional 6,582 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Cross Country Healthcare by 51.4% during the 3rd quarter. Royce & Associates LP now owns 1,132,566 shares of the business services provider’s stock valued at $15,222,000 after buying an additional 384,374 shares during the period. Alpine Associates Management Inc. purchased a new position in shares of Cross Country Healthcare during the 4th quarter valued at $10,552,000. Finally, Dana Investment Advisors Inc. increased its stake in shares of Cross Country Healthcare by 36.6% in the fourth quarter. Dana Investment Advisors Inc. now owns 552,875 shares of the business services provider’s stock worth $10,040,000 after acquiring an additional 148,160 shares during the last quarter. Hedge funds and other 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.