Cross Country Healthcare, Inc. (NASDAQ:CCRN) Receives Average Recommendation of "Hold" from Brokerages

Cross Country Healthcare, Inc. (NASDAQ:CCRN - Get Free Report) has received an average rating of "Hold" from the five analysts that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $18.41.

CCRN has been the topic of a number of analyst reports. JMP Securities restated a "market perform" rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Barrington Research restated a "market perform" rating and issued a $18.61 target price on shares of Cross Country Healthcare in a report on Friday, March 14th. Finally, StockNews.com assumed coverage on shares of Cross Country Healthcare in a research report on Monday. They issued a "hold" rating for the company.

Institutional Investors Weigh In On Cross Country Healthcare

Several hedge funds have recently modified their holdings of the stock. Magnetar Financial LLC purchased a new stake in shares of Cross Country Healthcare in the fourth quarter valued at about $41,421,000. State Street Corp grew its holdings in Cross Country Healthcare by 0.5% during the third quarter. State Street Corp now owns 1,334,353 shares of the business services provider's stock worth $17,934,000 after acquiring an additional 6,582 shares during the period. Alliancebernstein L.P. lifted its holdings in Cross Country Healthcare by 443.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,284,940 shares of the business services provider's stock valued at $23,335,000 after acquiring an additional 1,048,605 shares during the period. Royce & Associates LP grew its stake in shares of Cross Country Healthcare by 3.4% during the 4th quarter. Royce & Associates LP now owns 1,170,945 shares of the business services provider's stock worth $21,264,000 after purchasing an additional 38,379 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Cross Country Healthcare by 9.8% in the 4th quarter. American Century Companies Inc. now owns 1,032,203 shares of the business services provider's stock valued at $18,745,000 after purchasing an additional 92,114 shares in the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

Cross Country Healthcare Price Performance

Shares of CCRN stock traded down $0.34 during trading hours on Tuesday, reaching $13.60. 134,469 shares of the stock were exchanged, compared to its average volume of 595,987. Cross Country Healthcare has a 12-month low of $9.58 and a 12-month high of $18.50. The business's fifty day moving average is $15.44 and its two-hundred day moving average is $15.30. The firm has a market capitalization of $446.26 million, a P/E ratio of -271.95, a P/E/G ratio of 3.32 and a beta of 0.25.

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.