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

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has earned a consensus rating of “Hold” from the five brokerages that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $18.50.

Several brokerages have weighed in on CCRN. Truist Financial dropped their price objective on Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating for the company in a report on Monday, October 21st. Benchmark cut their price objective on shares of Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Barrington Research reduced their price objective on shares of Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th.

Institutional Trading of Cross Country Healthcare

Several institutional investors and hedge funds have recently modified their holdings of CCRN. Truvestments Capital LLC acquired a new position in Cross Country Healthcare during the third quarter worth about $39,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Cross Country Healthcare during the 3rd quarter valued at approximately $49,000. nVerses Capital LLC acquired a new position in Cross Country Healthcare during the 2nd quarter worth approximately $50,000. Point72 DIFC Ltd bought a new position in Cross Country Healthcare in the 3rd quarter valued at approximately $52,000. Finally, Gladius Capital Management LP boosted its position in 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 valued at $54,000 after buying an additional 1,812 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors.

Cross Country Healthcare Trading Down 0.4 %

NASDAQ CCRN opened at $10.34 on Friday. The company has a market cap of $340.39 million, a price-to-earnings ratio of -206.76, a PEG ratio of 1.98 and a beta of 0.65. The company has a 50 day moving average of $12.25 and a 200-day moving average of $13.91. Cross Country Healthcare has a 1-year low of $9.58 and a 1-year high of $23.64.

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.