Cross Country Healthcare (NASDAQ:CCRN) Downgraded by William Blair to Hold

Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) was downgraded by investment analysts at William Blair from a "strong-buy" rating to a "hold" rating in a report released on Wednesday,Zacks.com reports.

Several other research firms have also recently weighed in on CCRN. Benchmark cut Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Truist Financial raised their price objective on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the company a "hold" rating in a research report on Thursday. Finally, Barrington Research dropped their price target on Cross Country Healthcare from $21.00 to $19.00 and set an "outperform" rating for the company in a research note on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Cross Country Healthcare has an average rating of "Hold" and an average target price of $18.54.

Cross Country Healthcare Stock Performance

Shares of Cross Country Healthcare stock traded up $0.01 on Wednesday, hitting $18.08. The company had a trading volume of 1,362,526 shares, compared to its average volume of 594,586. The stock has a 50 day moving average of $11.96 and a 200-day moving average of $13.71. The stock has a market capitalization of $595.14 million, a price-to-earnings ratio of -361.60, a P/E/G ratio of 2.13 and a beta of 0.61. Cross Country Healthcare has a 1 year low of $9.58 and a 1 year high of $23.64.

Hedge Funds Weigh In On Cross Country Healthcare

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jacobs Levy Equity Management Inc. purchased a new position in shares of Cross Country Healthcare during the third quarter valued at about $7,350,000. Royce & Associates LP boosted its position in Cross Country Healthcare by 51.4% in 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 buying an additional 384,374 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Cross Country Healthcare by 3.8% in the second quarter. Pacer Advisors Inc. now owns 4,550,848 shares of the business services provider's stock valued at $62,984,000 after acquiring an additional 165,032 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Cross Country Healthcare by 337.6% during 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 purchasing an additional 140,013 shares in the last quarter. Finally, Systematic Financial Management LP increased 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 valued at $22,347,000 after acquiring an additional 130,746 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.