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

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

Other analysts have also recently issued reports about the stock. Barrington Research reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a report on Tuesday, December 10th. JMP Securities reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Benchmark lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Truist Financial boosted their target price 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. Finally, William Blair lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $18.41.

Cross Country Healthcare Price Performance

CCRN opened at $15.58 on Wednesday. The stock has a market capitalization of $511.23 million, a PE ratio of -311.54, a P/E/G ratio of 3.32 and a beta of 0.44. The firm’s fifty day moving average price is $17.68 and its 200 day moving average price is $15.18. Cross Country Healthcare has a 12-month low of $9.58 and a 12-month high of $19.25.

Institutional Trading of Cross Country Healthcare

Several institutional investors have recently added to or reduced their stakes in CCRN. US Bancorp DE increased its stake in Cross Country Healthcare by 10,909.3% during the third quarter. US Bancorp DE now owns 4,734 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 4,691 shares during the last quarter. Royce & Associates LP grew its position in shares of Cross Country Healthcare by 51.4% during the third quarter. Royce & Associates LP now owns 1,132,566 shares of the business services provider’s stock worth $15,222,000 after acquiring an additional 384,374 shares during the last quarter. Empowered Funds LLC grew its position in shares of Cross Country Healthcare by 5.3% during the third quarter. Empowered Funds LLC now owns 128,362 shares of the business services provider’s stock worth $1,725,000 after acquiring an additional 6,432 shares during the last quarter. Gladius Capital Management LP grew 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 acquiring an additional 1,812 shares during the last quarter. Finally, Quest Partners LLC bought a new position in shares of Cross Country Healthcare during the third quarter worth about $350,000. Institutional investors 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.