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

StockNews.com initiated coverage on shares of Cross Country Healthcare (NASDAQ:CCRN - Get Free Report) in a note issued to investors on Sunday. The firm set a "hold" rating on the business services provider's stock.

Several other brokerages have also recently weighed in on CCRN. Barrington Research reaffirmed a "market perform" rating and issued a $18.61 target price on shares of Cross Country Healthcare in a report on Friday, March 14th. JMP Securities restated a "market perform" rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, Cross Country Healthcare presently has an average rating of "Hold" and an average target price of $18.41.

Cross Country Healthcare Price Performance

Shares of NASDAQ CCRN traded down $0.14 during mid-day trading on Friday, hitting $14.14. The company had a trading volume of 16,162 shares, compared to its average volume of 596,607. The company has a market capitalization of $463.81 million, a PE ratio of -282.46, a price-to-earnings-growth ratio of 3.32 and a beta of 0.25. The business's 50-day simple moving average is $15.94 and its 200 day simple moving average is $15.24. Cross Country Healthcare has a 1-year low of $9.58 and a 1-year high of $18.50.

Hedge Funds Weigh In On Cross Country Healthcare

Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp grew its position in shares of Cross Country Healthcare by 0.5% in the 3rd quarter. State Street Corp now owns 1,334,353 shares of the business services provider's stock valued at $17,934,000 after buying an additional 6,582 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of 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 last quarter. XTX Topco Ltd purchased a new stake in shares of Cross Country Healthcare in the 3rd quarter valued at about $312,000. Public Employees Retirement System of Ohio boosted its position in shares of 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 valued at $781,000 after purchasing an additional 57,021 shares during the period. Finally, Barclays PLC grew its stake in Cross Country Healthcare by 117.5% during the 3rd quarter. Barclays PLC now owns 80,277 shares of the business services provider's stock worth $1,078,000 after buying an additional 43,372 shares during the last quarter. 96.03% of the stock is currently 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.