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

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

Several other equities research analysts have also recently issued reports on CCRN. Benchmark cut Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. JMP Securities restated a "market perform" rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Barrington Research reaffirmed a "market perform" rating and set a $18.61 price objective on shares of Cross Country Healthcare in a report on Friday, March 14th. Truist Financial increased their target price on Cross Country Healthcare from $15.00 to $18.61 and gave the company a "hold" rating in a research report on Thursday, December 5th. Finally, William Blair cut shares of Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Cross Country Healthcare has an average rating of "Hold" and a consensus price target of $18.41.

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Cross Country Healthcare Price Performance

Shares of CCRN stock traded up $0.14 during mid-day trading on Thursday, hitting $14.94. The company had a trading volume of 977,573 shares, compared to its average volume of 585,971. The company has a market capitalization of $490.23 million, a P/E ratio of -298.74, a P/E/G ratio of 3.32 and a beta of 0.44. The stock's 50 day moving average price is $17.36 and its 200-day moving average price is $15.18. Cross Country Healthcare has a 52-week low of $9.58 and a 52-week high of $19.14.

Institutional Investors Weigh In On Cross Country Healthcare

Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC raised its holdings in Cross Country Healthcare by 337.6% during the 3rd quarter. Jane Street Group LLC now owns 181,492 shares of the business services provider's stock valued at $2,439,000 after buying an additional 140,013 shares during the period. PDT Partners LLC bought a new position in Cross Country Healthcare during the third quarter valued at $856,000. Barclays PLC raised its stake in shares of Cross Country Healthcare by 117.5% in the third quarter. Barclays PLC now owns 80,277 shares of the business services provider's stock valued at $1,078,000 after acquiring an additional 43,372 shares during the period. Systematic Financial Management LP lifted its holdings 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 acquiring an additional 130,746 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Cross Country Healthcare by 288.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 54,967 shares of the business services provider's stock worth $739,000 after purchasing an additional 40,799 shares during the period. 96.03% of the stock is owned by institutional investors.

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.