Cross Country Healthcare, Inc. (NASDAQ:CCRN) Given Average Recommendation of “Hold” by Analysts

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has received an average recommendation of “Hold” from the nine research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $11.3767.

Several brokerages have weighed in on CCRN. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cross Country Healthcare in a report on Monday, December 29th. Jefferies Financial Group set a $8.65 price objective on shares of Cross Country Healthcare and gave the company a “hold” rating in a research report on Thursday, December 4th. Benchmark restated a “hold” rating on shares of Cross Country Healthcare in a research note on Monday, December 8th. Truist Financial set a $10.00 price target on Cross Country Healthcare in a research note on Tuesday, December 16th. Finally, Citizens Jmp set a $11.00 price target on Cross Country Healthcare in a report on Thursday, December 4th.

Cross Country Healthcare Stock Up 3.0%

Shares of CCRN opened at $8.61 on Monday. The business has a 50-day simple moving average of $8.49 and a two-hundred day simple moving average of $11.01. Cross Country Healthcare has a 52 week low of $7.43 and a 52 week high of $18.10. The stock has a market cap of $282.06 million, a price-to-earnings ratio of -17.57, a PEG ratio of 6.15 and a beta of 0.45.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CCRN. BNP Paribas Financial Markets boosted its stake in Cross Country Healthcare by 50.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,424 shares of the business services provider’s stock worth $45,000 after purchasing an additional 1,142 shares during the period. Gabelli Funds LLC lifted its holdings in shares of Cross Country Healthcare by 0.4% in the fourth quarter. Gabelli Funds LLC now owns 368,632 shares of the business services provider’s stock worth $2,986,000 after buying an additional 1,348 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Cross Country Healthcare by 3.1% during the second quarter. Bank of America Corp DE now owns 73,321 shares of the business services provider’s stock worth $957,000 after acquiring an additional 2,198 shares during the last quarter. Strs Ohio grew its stake in Cross Country Healthcare by 6.0% during the third quarter. Strs Ohio now owns 44,000 shares of the business services provider’s stock valued at $625,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Brooklyn Investment Group grew its stake in Cross Country Healthcare by 25.4% during the fourth quarter. Brooklyn Investment Group now owns 13,267 shares of the business services provider’s stock valued at $109,000 after acquiring an additional 2,684 shares in the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

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.