Cross Country Healthcare (NASDAQ:CCRN) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) in a research note issued to investors on Saturday. The brokerage set a "hold" rating on the business services provider's stock.

CCRN has been the subject of several other research reports. Benchmark lowered Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. Barrington Research restated a "market perform" rating on shares of Cross Country Healthcare in a research note on Tuesday. 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, December 5th. Finally, William Blair downgraded 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, Cross Country Healthcare presently has a consensus rating of "Hold" and an average target price of $18.54.

Cross Country Healthcare Stock Performance

CCRN remained flat at $18.06 on Friday. 879,083 shares of the company's stock were exchanged, compared to its average volume of 604,974. The company has a market cap of $594.54 million, a P/E ratio of -361.13, a P/E/G ratio of 3.39 and a beta of 0.61. The company has a 50-day moving average price of $12.48 and a 200-day moving average price of $13.83. Cross Country Healthcare has a one year low of $9.58 and a one year high of $23.64.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CCRN. Raymond James & Associates increased its position in shares of Cross Country Healthcare by 0.7% in the second quarter. Raymond James & Associates now owns 165,324 shares of the business services provider's stock valued at $2,288,000 after buying an additional 1,155 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in Cross Country Healthcare by 3.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 28,376 shares of the business services provider's stock valued at $393,000 after acquiring an additional 1,032 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Cross Country Healthcare by 3.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 304,956 shares of the business services provider's stock valued at $4,221,000 after acquiring an additional 9,090 shares in the last quarter. nVerses Capital LLC purchased a new position in Cross Country Healthcare during the 2nd quarter valued at about $50,000. Finally, Versor Investments LP raised its position in Cross Country Healthcare by 20.4% during the second quarter. Versor Investments LP now owns 12,400 shares of the business services provider's stock worth $172,000 after acquiring an additional 2,100 shares during the last quarter. 96.03% of the stock is owned by hedge funds and other 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.