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 report released on Monday morning. The brokerage issued a hold rating on the business services provider's stock.

A number of other research analysts have also issued reports on the stock. Truist Financial raised their target price on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the company a "hold" rating in a research note on Thursday, December 5th. Benchmark cut shares of Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. Barrington Research reaffirmed a "market perform" rating on shares of Cross Country Healthcare in a report on Tuesday, December 10th. JMP Securities reissued a "market perform" rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Finally, William Blair lowered shares of Cross Country Healthcare from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $18.54.

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Cross Country Healthcare Stock Performance

Shares of CCRN stock traded down $0.02 during trading on Monday, hitting $17.27. 376,873 shares of the company were exchanged, compared to its average volume of 467,873. The business's 50-day simple moving average is $18.09 and its 200 day simple moving average is $15.02. Cross Country Healthcare has a twelve month low of $9.58 and a twelve month high of $19.25. The firm has a market capitalization of $566.73 million, a price-to-earnings ratio of -345.33, a P/E/G ratio of 3.32 and a beta of 0.44.

Hedge Funds Weigh In On Cross Country Healthcare

A number of large investors have recently modified their holdings of CCRN. Magnetar Financial LLC bought a new position in Cross Country Healthcare in the 4th quarter worth approximately $41,421,000. Systematic Financial Management LP lifted its stake in shares of Cross Country Healthcare by 8.5% during the third quarter. Systematic Financial Management LP now owns 1,662,730 shares of the business services provider's stock valued at $22,347,000 after acquiring an additional 130,746 shares during the period. State Street Corp boosted its holdings in Cross Country Healthcare by 0.5% in the third quarter. State Street Corp now owns 1,334,353 shares of the business services provider's stock valued at $17,934,000 after acquiring an additional 6,582 shares during the last quarter. Alliancebernstein L.P. increased its position in Cross Country Healthcare by 443.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,284,940 shares of the business services provider's stock worth $23,335,000 after purchasing an additional 1,048,605 shares during the period. Finally, Royce & Associates LP lifted its position in Cross Country Healthcare by 3.4% during the 4th quarter. Royce & Associates LP now owns 1,170,945 shares of the business services provider's stock valued at $21,264,000 after purchasing an additional 38,379 shares during the period. 96.03% of the stock is currently owned by institutional investors and hedge funds.

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.