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

StockNews.com started coverage on shares of Cross Country Healthcare (NASDAQ:CCRN - Free Report) in a report published on Monday morning. The brokerage issued a hold rating on the business services provider's stock.

Other analysts have also issued research reports about the stock. Truist Financial upped their target price on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the stock a "hold" rating in a report on Thursday, December 5th. Benchmark cut shares of Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. Barrington Research reissued a "market perform" rating on shares of Cross Country Healthcare in a research note on Tuesday, December 10th. Finally, William Blair lowered Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $18.54.

Cross Country Healthcare Price Performance

Shares of NASDAQ:CCRN traded up $0.06 during trading on Monday, hitting $18.06. 568,254 shares of the company were exchanged, compared to its average volume of 604,876. Cross Country Healthcare has a 52-week low of $9.58 and a 52-week high of $23.64. The stock has a 50 day moving average of $13.69 and a 200 day moving average of $14.09. The company has a market cap of $594.48 million, a PE ratio of -361.13, a P/E/G ratio of 3.39 and a beta of 0.61.

Institutional Investors Weigh In On Cross Country Healthcare

Large investors have recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. bought a new position in Cross Country Healthcare during the third quarter valued at approximately $7,350,000. Royce & Associates LP grew its holdings in shares of 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 valued at $15,222,000 after purchasing an additional 384,374 shares during the last quarter. Pacer Advisors Inc. raised its position in Cross Country Healthcare by 3.8% in the 2nd quarter. Pacer Advisors Inc. now owns 4,550,848 shares of the business services provider's stock worth $62,984,000 after purchasing an additional 165,032 shares during the period. Jane Street Group LLC lifted its stake in 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 worth $2,439,000 after purchasing an additional 140,013 shares during the last quarter. Finally, Systematic Financial Management LP boosted its position in Cross Country Healthcare by 8.5% during 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 buying an additional 130,746 shares during the period. Hedge funds and other institutional investors own 96.03% of the company's stock.

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.