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

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

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

Cross Country Healthcare Price Performance

Cross Country Healthcare stock opened at $18.24 on Friday. The firm has a market cap of $600.46 million, a PE ratio of -364.73, a price-to-earnings-growth ratio of 3.34 and a beta of 0.46. The stock’s fifty day moving average price is $16.79 and its two-hundred day moving average price is $14.75. Cross Country Healthcare has a one year low of $9.58 and a one year high of $22.14.

Institutional Trading of Cross Country Healthcare

A number of large investors have recently bought and sold shares of CCRN. Truvestments Capital LLC bought a new stake in shares of Cross Country Healthcare during the 3rd quarter valued at about $39,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Cross Country Healthcare during the 3rd quarter worth approximately $49,000. Point72 DIFC Ltd acquired a new stake in shares of Cross Country Healthcare during the 3rd quarter worth approximately $52,000. Gladius Capital Management LP increased its stake 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 purchasing an additional 1,812 shares in the last quarter. Finally, US Bancorp DE increased its position in Cross Country Healthcare by 10,909.3% in the 3rd quarter. US Bancorp DE now owns 4,734 shares of the business services provider’s stock valued at $64,000 after buying an additional 4,691 shares in the last quarter. 96.03% of the stock is currently 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.