Cross Country Healthcare (NASDAQ:CCRN) Shares Gap Up – Time to Buy?

Cross Country Healthcare, Inc. (NASDAQ:CCRN)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $11.16, but opened at $18.15. Cross Country Healthcare shares last traded at $18.12, with a volume of 1,874,153 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Barrington Research cut their price objective on Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Benchmark reduced their price target on shares of Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Truist Financial lowered their price target on Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating for the company in a research note on Monday, October 21st. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $17.33.

Cross Country Healthcare Stock Performance

The stock has a market cap of $596.18 million, a price-to-earnings ratio of -362.33, a price-to-earnings-growth ratio of 2.20 and a beta of 0.61. The stock’s 50-day simple moving average is $11.69 and its two-hundred day simple moving average is $13.63.

Institutional Trading of Cross Country Healthcare

A number of hedge funds have recently bought and sold shares of the stock. Royce & Associates LP raised its stake 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 purchasing an additional 384,374 shares in the last quarter. PDT Partners LLC bought a new stake in Cross Country Healthcare in the third quarter valued at about $856,000. Pinnacle Associates Ltd. lifted its stake in Cross Country Healthcare by 14.9% during the third quarter. Pinnacle Associates Ltd. now owns 342,315 shares of the business services provider’s stock worth $4,601,000 after purchasing an additional 44,496 shares during the period. Intech Investment Management LLC acquired a new stake in Cross Country Healthcare during the third quarter valued at approximately $768,000. Finally, Dana Investment Advisors Inc. grew its stake in shares of Cross Country Healthcare by 34.7% in the 2nd quarter. Dana Investment Advisors Inc. now owns 404,370 shares of the business services provider’s stock valued at $5,596,000 after purchasing an additional 104,136 shares during the period. 96.03% of the stock is owned by 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.