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

StockNews.com initiated coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a report issued on Monday morning. The brokerage issued a hold rating on the business services provider’s stock.

A number of other equities analysts also recently commented on the company. Barrington Research reiterated a “market perform” rating on shares of Cross Country Healthcare in a research note on Tuesday, December 10th. Truist Financial increased 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. Benchmark downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, William Blair downgraded shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $18.54.

Cross Country Healthcare Price Performance

NASDAQ CCRN opened at $18.06 on Monday. The company has a market capitalization of $594.48 million, a price-to-earnings ratio of -361.13, a price-to-earnings-growth ratio of 3.39 and a beta of 0.61. Cross Country Healthcare has a 12 month low of $9.58 and a 12 month high of $23.64. The company’s fifty day moving average price is $13.69 and its two-hundred day moving average price is $14.09.

Institutional Investors Weigh In On Cross Country Healthcare

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

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.