Cross Country Healthcare (NASDAQ:CCRN) Shares Gap Down - Here's What Happened

Cross Country Healthcare, Inc. (NASDAQ:CCRN - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $18.10, but opened at $17.41. Cross Country Healthcare shares last traded at $17.47, with a volume of 463,309 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. JMP Securities restated a "market perform" rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Benchmark lowered shares of Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. StockNews.com started coverage on shares of Cross Country Healthcare in a research note on Monday. They set a "hold" rating on the stock. Truist Financial lifted their target price on Cross Country Healthcare from $15.00 to $18.61 and gave the company a "hold" rating in a research note on Thursday, December 5th. Finally, Barrington Research reiterated a "market perform" rating on shares of Cross Country Healthcare in a research report on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $18.54.

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Cross Country Healthcare Price Performance

The company has a market cap of $566.24 million, a P/E ratio of -345.03, a PEG ratio of 3.32 and a beta of 0.44. The stock has a fifty day moving average price of $18.09 and a two-hundred day moving average price of $15.02.

Institutional Investors Weigh In On Cross Country Healthcare

Hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Cross Country Healthcare by 4.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,386 shares of the business services provider's stock valued at $334,000 after acquiring an additional 817 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Cross Country Healthcare by 14.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,169 shares of the business services provider's stock valued at $137,000 after purchasing an additional 1,250 shares during the period. Quadrant Capital Group LLC bought a new stake in shares of Cross Country Healthcare in the 4th quarter worth $25,000. Gladius Capital Management LP lifted its holdings in shares of Cross Country Healthcare by 83.4% in the third quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider's stock valued at $54,000 after buying an additional 1,812 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Cross Country Healthcare by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 754,368 shares of the business services provider's stock valued at $13,702,000 after buying an additional 2,112 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors.

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.