Cross Country Healthcare (NASDAQ:CCRN) Sees Unusually-High Trading Volume – Still a Buy?

Cross Country Healthcare, Inc. (NASDAQ:CCRN) saw an uptick in trading volume on Thursday . 528,879 shares changed hands during mid-day trading, a decline of 8% from the previous session’s volume of 572,105 shares.The stock last traded at $18.12 and had previously closed at $18.16.

Analyst Ratings Changes

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

Cross Country Healthcare Stock Performance

The firm’s fifty day moving average price is $11.78 and its two-hundred day moving average price is $13.66.

Institutional Investors Weigh In On Cross Country Healthcare

A number of institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. grew its stake in Cross Country Healthcare by 3.8% in the 2nd quarter. Pacer Advisors Inc. now owns 4,550,848 shares of the business services provider’s stock valued at $62,984,000 after acquiring an additional 165,032 shares during the period. Dimensional Fund Advisors LP grew its stake in Cross Country Healthcare by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,360,016 shares of the business services provider’s stock valued at $32,662,000 after acquiring an additional 24,363 shares during the period. Systematic Financial Management LP boosted its stake in Cross Country Healthcare by 8.5% during the 3rd quarter. Systematic Financial Management LP now owns 1,662,730 shares of the business services provider’s stock worth $22,347,000 after purchasing an additional 130,746 shares during the last quarter. State Street Corp boosted its stake in Cross Country Healthcare by 0.5% during the 3rd quarter. State Street Corp now owns 1,334,353 shares of the business services provider’s stock worth $17,934,000 after purchasing an additional 6,582 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in Cross Country Healthcare by 51.4% during the 3rd quarter. Royce & Associates LP now owns 1,132,566 shares of the business services provider’s stock worth $15,222,000 after purchasing an additional 384,374 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

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.