Cross Country Healthcare (NASDAQ:CCRN) Shares Gap Down – Here’s What Happened

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) gapped down prior to trading on Monday . The stock had previously closed at $18.10, but opened at $17.41. Cross Country Healthcare shares last traded at $17.47, with a volume of 463,309 shares trading hands.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. William Blair lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Barrington Research reissued a “market perform” rating on shares of Cross Country Healthcare in a research report on Tuesday, December 10th. Truist Financial increased their target price on Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a research note on Thursday, December 5th. JMP Securities reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Finally, Benchmark downgraded shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $18.54.

Cross Country Healthcare Price Performance

The company has a market cap of $567.39 million, a price-to-earnings ratio of -345.73, a P/E/G ratio of 3.32 and a beta of 0.44. The firm has a 50-day moving average price of $18.10 and a 200 day moving average price of $15.01.

Institutional Investors Weigh In On Cross Country Healthcare

Hedge funds and other institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC bought a new stake in Cross Country Healthcare in the 4th quarter valued at about $25,000. Truvestments Capital LLC acquired a new position in shares of Cross Country Healthcare during the 3rd quarter worth $39,000. Plato Investment Management Ltd acquired a new stake in Cross Country Healthcare in the fourth quarter valued at about $46,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Cross Country Healthcare in the third quarter valued at about $49,000. Finally, Point72 DIFC Ltd acquired a new position in Cross Country Healthcare during the third quarter worth about $52,000. Institutional investors and hedge funds 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.