StockNews.com Initiates Coverage on Cross Country Healthcare (NASDAQ:CCRN)

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

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

Cross Country Healthcare Stock Down 0.1 %

NASDAQ CCRN traded down $0.01 on Tuesday, hitting $18.22. The stock had a trading volume of 529,300 shares, compared to its average volume of 662,575. The company's 50-day moving average is $14.33 and its two-hundred day moving average is $14.22. The stock has a market cap of $599.75 million, a price-to-earnings ratio of -364.33, a P/E/G ratio of 3.39 and a beta of 0.46. Cross Country Healthcare has a one year low of $9.58 and a one year high of $23.64.

Hedge Funds Weigh In On Cross Country Healthcare

Hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in Cross Country Healthcare during the third quarter valued at about $153,000. Barclays PLC raised its stake in shares of Cross Country Healthcare by 117.5% in the 3rd 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 in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Cross Country Healthcare by 5,077.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 58,144 shares of the business services provider's stock worth $781,000 after purchasing an additional 57,021 shares during the last quarter. XTX Topco Ltd bought a new stake in Cross Country Healthcare during the third quarter worth approximately $312,000. Finally, Jane Street Group LLC boosted its position in 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 worth $2,439,000 after purchasing an additional 140,013 shares during the period. Institutional investors and hedge funds 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.