Cross Country Healthcare (NASDAQ:CCRN) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a research report sent to investors on Wednesday morning. The brokerage issued a hold rating on the business services provider’s stock.

Other analysts also recently issued reports about the company. JMP Securities reissued a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. William Blair downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Barrington Research reissued a “market perform” rating on shares of Cross Country Healthcare in a report on Tuesday, December 10th. Benchmark downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, Truist Financial upped their price objective on Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a research note on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $18.54.

Cross Country Healthcare Stock Performance

Cross Country Healthcare stock opened at $15.89 on Wednesday. Cross Country Healthcare has a fifty-two week low of $9.58 and a fifty-two week high of $19.25. The company has a market capitalization of $521.40 million, a P/E ratio of -317.74, a PEG ratio of 3.32 and a beta of 0.44. The stock has a 50-day simple moving average of $17.78 and a 200-day simple moving average of $15.17.

Institutional Trading of Cross Country Healthcare

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC increased its position in Cross Country Healthcare by 337.6% during the 3rd 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 period. PDT Partners LLC acquired a new position in Cross Country Healthcare during the 3rd quarter worth approximately $856,000. Barclays PLC increased its position 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 purchasing an additional 43,372 shares during the period. Royce & Associates LP increased its position 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 period. Finally, Systematic Financial Management LP increased its position 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 period. 96.03% of the stock is owned by hedge funds and other 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.