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

StockNews.com began coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a report published on Thursday morning. The brokerage issued a hold rating on the business services provider’s stock.

A number of other brokerages have also recently issued reports on CCRN. Benchmark cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Barrington Research restated a “market perform” rating and issued a $18.61 price target on shares of Cross Country Healthcare in a research note on Friday, March 14th. William Blair downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Truist Financial boosted 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 report on Thursday, December 5th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $18.41.

Cross Country Healthcare Price Performance

NASDAQ:CCRN opened at $14.80 on Thursday. The firm’s fifty day moving average price is $17.42 and its two-hundred day moving average price is $15.18. The company has a market cap of $485.63 million, a P/E ratio of -295.94, a P/E/G ratio of 3.32 and a beta of 0.44. Cross Country Healthcare has a one year low of $9.58 and a one year high of $19.14.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CCRN. BCK Capital Management LP acquired a new stake in Cross Country Healthcare during the fourth quarter worth about $1,076,000. CSS LLC IL acquired a new stake in shares of Cross Country Healthcare during the 4th quarter worth approximately $828,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Cross Country Healthcare by 7.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 107,333 shares of the business services provider’s stock valued at $1,949,000 after acquiring an additional 7,278 shares during the last quarter. Squarepoint Ops LLC increased its stake in Cross Country Healthcare by 508.8% in the fourth quarter. Squarepoint Ops LLC now owns 255,362 shares of the business services provider’s stock valued at $4,637,000 after acquiring an additional 213,416 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in Cross Country Healthcare by 21.8% during the fourth quarter. Two Sigma Investments LP now owns 34,733 shares of the business services provider’s stock valued at $631,000 after purchasing an additional 6,215 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.

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.