Cross Country Healthcare, Inc. (NASDAQ:CCRN) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have been assigned a consensus recommendation of “Reduce” from the ten ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and nine have issued a hold recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $12.05.

Several equities research analysts have issued reports on CCRN shares. Benchmark lowered Cross Country Healthcare from a “buy” rating to a “hold” rating in a research note on Friday, May 8th. Citigroup cut Cross Country Healthcare from a “market outperform” rating to a “market perform” rating in a report on Thursday, May 7th. Barrington Research restated a “market perform” rating and issued a $13.25 target price on shares of Cross Country Healthcare in a research report on Monday, June 8th. Weiss Ratings raised Cross Country Healthcare from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 16th. Finally, Truist Financial increased their price target on shares of Cross Country Healthcare from $10.00 to $13.25 and gave the company a “hold” rating in a research report on Monday, May 11th.

Cross Country Healthcare Stock Performance

Shares of NASDAQ:CCRN opened at $13.25 on Monday. The firm has a market capitalization of $428.05 million, a PE ratio of -4.34, a price-to-earnings-growth ratio of 14.32 and a beta of 0.45. Cross Country Healthcare has a 52-week low of $7.43 and a 52-week high of $14.99. The firm has a fifty day moving average of $13.22 and a 200 day moving average of $11.28.

Hedge Funds Weigh In On Cross Country Healthcare

Institutional investors and hedge funds have recently made changes to their positions in the business. Odyssean LLC purchased a new position in Cross Country Healthcare in the 2nd quarter worth $240,000. Man Group plc bought a new stake in Cross Country Healthcare in the second quarter worth $374,000. Polar Asset Management Partners Inc. purchased a new stake in Cross Country Healthcare during the second quarter valued at about $3,600,000. PDT Partners LLC purchased a new stake in Cross Country Healthcare during the second quarter valued at about $759,000. Finally, Legal & General Group Plc bought a new position in shares of Cross Country Healthcare during the second quarter valued at about $82,000. Institutional investors own 96.03% of the company’s stock.

About Cross Country Healthcare

Cross Country Healthcare, Inc, headquartered in Boca Raton, Florida, is a leading provider of healthcare workforce solutions in the United States. The company specializes in the recruitment, placement and management of nursing and allied health professionals on both a travel and permanent basis. Through its integrated platform, Cross Country Healthcare serves hospitals, health systems, and long-term care facilities by matching qualified clinical talent with patient care needs across diverse care settings.

The company’s core service offerings include travel nurse and allied health staffing, per diem staffing, permanent placement services, and managed services programs.