Cross Country Healthcare (NASDAQ:CCRN) Now Covered by StockNews.com

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

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

Cross Country Healthcare Stock Performance

NASDAQ CCRN opened at $18.06 on Friday. The firm has a market capitalization of $594.54 million, a P/E ratio of -361.13, a price-to-earnings-growth ratio of 3.39 and a beta of 0.61. The firm’s fifty day moving average price is $12.48 and its two-hundred day moving average price is $13.84. Cross Country Healthcare has a 1 year low of $9.58 and a 1 year high of $23.64.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Raymond James & Associates increased its stake in shares of Cross Country Healthcare by 0.7% during the second quarter. Raymond James & Associates now owns 165,324 shares of the business services provider’s stock worth $2,288,000 after purchasing an additional 1,155 shares during the period. SummerHaven Investment Management LLC increased its position in Cross Country Healthcare by 3.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 28,376 shares of the business services provider’s stock worth $393,000 after buying an additional 1,032 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Cross Country Healthcare by 3.1% during the second quarter. Bank of New York Mellon Corp now owns 304,956 shares of the business services provider’s stock worth $4,221,000 after buying an additional 9,090 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Cross Country Healthcare in the second quarter valued at about $50,000. Finally, Versor Investments LP grew its stake in shares of Cross Country Healthcare by 20.4% in the second quarter. Versor Investments LP now owns 12,400 shares of the business services provider’s stock valued at $172,000 after acquiring an additional 2,100 shares in the last quarter. 96.03% of the stock is owned by institutional investors.

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.