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

StockNews.com initiated coverage on shares of Cross Country Healthcare (NASDAQ:CCRN - Free Report) in a research report sent to investors on Thursday. The brokerage issued a hold rating on the business services provider's stock.

A number of other analysts have also weighed in on CCRN. 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 research note on Thursday, December 5th. William Blair lowered shares of Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. Barrington Research restated a "market perform" rating on shares of Cross Country Healthcare in a research note on Tuesday, December 10th. Finally, Benchmark lowered shares of 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 has an average rating of "Hold" and an average price target of $18.54.

Cross Country Healthcare Trading Up 0.3 %

NASDAQ CCRN traded up $0.06 during trading hours on Thursday, reaching $18.25. The company had a trading volume of 609,118 shares, compared to its average volume of 552,937. The stock has a market capitalization of $600.79 million, a P/E ratio of -364.93, a price-to-earnings-growth ratio of 3.35 and a beta of 0.46. Cross Country Healthcare has a 1-year low of $9.58 and a 1-year high of $23.15. The stock has a 50-day moving average of $15.99 and a 200 day moving average of $14.59.

Institutional Investors Weigh In On Cross Country Healthcare

Several hedge funds have recently modified their holdings of the stock. Jane Street Group LLC lifted its holdings 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 valued at $2,439,000 after acquiring an additional 140,013 shares during the period. PDT Partners LLC purchased a new position in shares of Cross Country Healthcare in the third quarter valued at $856,000. Barclays PLC increased its position 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 buying an additional 43,372 shares in the last quarter. Royce & Associates LP increased its position in shares of Cross Country Healthcare by 51.4% in the third 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 in the last quarter. Finally, Systematic Financial Management LP increased its position in Cross Country Healthcare by 8.5% during 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 purchasing an additional 130,746 shares in the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

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.