Cross Country Healthcare (NASDAQ:CCRN) Rating Lowered to Hold at Benchmark

Benchmark cut shares of Cross Country Healthcare (NASDAQ:CCRN - Free Report) from a strong-buy rating to a hold rating in a report published on Wednesday morning,Zacks.com reports.

Several other research firms have also issued reports on CCRN. Truist Financial upped their target price on Cross Country Healthcare from $15.00 to $18.61 and gave the stock a "hold" rating in a report on Thursday. Barrington Research lowered their price target on Cross Country Healthcare from $21.00 to $19.00 and set an "outperform" rating on the stock in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $18.54.

Cross Country Healthcare Stock Up 0.1 %

CCRN traded up $0.01 during trading hours on Wednesday, hitting $18.08. 1,362,526 shares of the company's stock were exchanged, compared to its average volume of 594,586. The stock has a market cap of $595.14 million, a price-to-earnings ratio of -361.60, a PEG 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. The stock's 50-day moving average is $11.96 and its two-hundred day moving average is $13.71.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. SummerHaven Investment Management LLC boosted its holdings in shares of Cross Country Healthcare by 3.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 28,376 shares of the business services provider's stock worth $393,000 after buying an additional 1,032 shares during the period. Raymond James & Associates grew 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 purchasing an additional 1,155 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Cross Country Healthcare by 14.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,169 shares of the business services provider's stock worth $137,000 after purchasing an additional 1,250 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Cross Country Healthcare by 9.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,639 shares of the business services provider's stock worth $312,000 after purchasing an additional 1,450 shares during the last quarter. Finally, Gladius Capital Management LP boosted its stake in Cross Country Healthcare by 83.4% in the 3rd quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider's stock valued at $54,000 after purchasing an additional 1,812 shares during the period. 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.