Brokerages Set Cross Country Healthcare, Inc. (NASDAQ:CCRN) Price Target at $18.41

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN - Get Free Report) have earned an average rating of "Hold" from the five analysts that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation. The average 12 month target price among brokers that have covered the stock in the last year is $18.41.

A number of research analysts have recently commented on CCRN shares. JMP Securities reissued a "market perform" rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. StockNews.com assumed coverage on shares of Cross Country Healthcare in a report on Friday. They issued a "hold" rating on the stock. Benchmark cut shares of 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. Finally, Truist Financial boosted their price target on Cross Country Healthcare from $15.00 to $18.61 and gave the stock a "hold" rating in a research note on Thursday, December 5th.

Cross Country Healthcare Price Performance

Cross Country Healthcare stock traded down $0.11 during midday trading on Friday, hitting $14.89. 226,535 shares of the company were exchanged, compared to its average volume of 596,885. The company has a market cap of $488.59 million, a PE ratio of -297.74, a price-to-earnings-growth ratio of 3.32 and a beta of 0.44. Cross Country Healthcare has a fifty-two week low of $9.58 and a fifty-two week high of $19.14. The company's fifty day moving average price is $16.98 and its 200-day moving average price is $15.23.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Magnetar Financial LLC acquired a new stake in shares of Cross Country Healthcare during the 4th quarter valued at approximately $41,421,000. Systematic Financial Management LP lifted its position in shares of Cross Country Healthcare by 8.5% in the 3rd quarter. Systematic Financial Management LP now owns 1,662,730 shares of the business services provider's stock worth $22,347,000 after buying an additional 130,746 shares during the last quarter. State Street Corp lifted its holdings in Cross Country Healthcare by 0.5% in 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 last quarter. Alliancebernstein L.P. boosted its stake 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. Finally, Royce & Associates LP grew its holdings in shares of Cross Country Healthcare by 3.4% during the fourth quarter. Royce & Associates LP now owns 1,170,945 shares of the business services provider's stock valued at $21,264,000 after purchasing an additional 38,379 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.