Cross Country Healthcare (NASDAQ:CCRN) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a research report issued on Wednesday. The firm set a “hold” rating on the business services provider’s stock.

Several other equities analysts have also issued reports on CCRN. Benchmark lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. William Blair lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Truist Financial boosted their price objective on Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a research report on Thursday, December 5th. Finally, Barrington Research reiterated a “market perform” rating on shares of Cross Country Healthcare in a research report on Tuesday, December 10th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Cross Country Healthcare currently has an average rating of “Hold” and a consensus price target of $18.54.

Cross Country Healthcare Stock Performance

Cross Country Healthcare stock opened at $18.12 on Wednesday. The business has a 50-day moving average of $15.37 and a 200-day moving average of $14.45. Cross Country Healthcare has a 1 year low of $9.58 and a 1 year high of $23.15. The firm has a market capitalization of $596.51 million, a P/E ratio of -362.33, a PEG ratio of 3.35 and a beta of 0.46.

Hedge Funds Weigh In On Cross Country Healthcare

Large investors have recently bought and sold shares of the company. Truvestments Capital LLC acquired a new position in Cross Country Healthcare during the 3rd quarter worth approximately $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Cross Country Healthcare during the 3rd quarter worth approximately $49,000. Point72 DIFC Ltd acquired a new position in Cross Country Healthcare during the 3rd quarter worth approximately $52,000. Gladius Capital Management LP boosted its position in Cross Country Healthcare by 83.4% during the 3rd quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider’s stock worth $54,000 after acquiring an additional 1,812 shares during the last quarter. Finally, US Bancorp DE boosted its position in Cross Country Healthcare by 10,909.3% during the 3rd quarter. US Bancorp DE now owns 4,734 shares of the business services provider’s stock worth $64,000 after acquiring an additional 4,691 shares during the last quarter. Institutional investors and hedge funds 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.