Analysts Set Cross Country Healthcare, Inc. (NASDAQ:CCRN) Price Target at $18.54

Cross Country Healthcare, Inc. (NASDAQ:CCRN - Get Free Report) has been assigned a consensus rating of "Hold" from the five research firms that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating. The average 12-month target price among analysts that have covered the stock in the last year is $18.54.

A number of brokerages recently commented on CCRN. JMP Securities reiterated a "market perform" rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Benchmark cut Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 4th. StockNews.com started coverage on Cross Country Healthcare in a research report on Tuesday. They set a "hold" rating on the stock. 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 target 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.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its holdings in shares of Cross Country Healthcare by 337.6% in the third quarter. Jane Street Group LLC now owns 181,492 shares of the business services provider's stock valued at $2,439,000 after acquiring an additional 140,013 shares during the period. PDT Partners LLC acquired a new stake in Cross Country Healthcare during the 3rd quarter worth $856,000. Barclays PLC grew its position in Cross Country Healthcare by 117.5% during the 3rd quarter. Barclays PLC now owns 80,277 shares of the business services provider's stock worth $1,078,000 after purchasing an additional 43,372 shares during the last quarter. Royce & Associates LP grew its position in Cross Country Healthcare by 51.4% during the 3rd quarter. Royce & Associates LP now owns 1,132,566 shares of the business services provider's stock worth $15,222,000 after purchasing an additional 384,374 shares during the last quarter. Finally, Systematic Financial Management LP increased its stake in Cross Country Healthcare by 8.5% in the third quarter. Systematic Financial Management LP now owns 1,662,730 shares of the business services provider's stock valued at $22,347,000 after purchasing an additional 130,746 shares during the period. Hedge funds and other institutional investors own 96.03% of the company's stock.

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Cross Country Healthcare Stock Down 6.3 %

Cross Country Healthcare stock traded down $1.06 during trading on Monday, reaching $15.80. The stock had a trading volume of 3,095,478 shares, compared to its average volume of 527,648. Cross Country Healthcare has a 52-week low of $9.58 and a 52-week high of $19.25. The stock has a market cap of $518.49 million, a PE ratio of -315.94, a P/E/G ratio of 3.32 and a beta of 0.44. The business has a 50 day moving average price of $17.96 and a 200 day moving average price of $15.12.

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.