Cross Country Healthcare, Inc. (NASDAQ:CCRN) Sees Large Drop in Short Interest

Cross Country Healthcare, Inc. (NASDAQ:CCRN) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 2,870,000 shares, a drop of 7.7% from the October 15th total of 3,110,000 shares. Currently, 9.2% of the shares of the company are short sold. Based on an average trading volume of 770,400 shares, the short-interest ratio is presently 3.7 days.

Analyst Ratings Changes

Several equities analysts have weighed in on CCRN shares. Barrington Research cut their price target on Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Truist Financial dropped their target price on shares of Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating on the stock in a report on Monday, October 21st. Finally, Benchmark cut their price target on shares of Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $18.50.

Institutional Investors Weigh In On Cross Country Healthcare

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Boston Partners acquired a new stake in shares of Cross Country Healthcare in the 1st quarter worth $2,511,000. Royce & Associates LP lifted its stake in shares of Cross Country Healthcare by 51.4% in the 3rd quarter. Royce & Associates LP now owns 1,132,566 shares of the business services provider’s stock valued at $15,222,000 after purchasing an additional 384,374 shares in the last quarter. BOKF NA purchased a new stake in Cross Country Healthcare during the first quarter worth approximately $247,000. Pinnacle Associates Ltd. boosted its position in Cross Country Healthcare by 14.9% during the 3rd quarter. Pinnacle Associates Ltd. now owns 342,315 shares of the business services provider’s stock worth $4,601,000 after purchasing an additional 44,496 shares during the period. Finally, Dana Investment Advisors Inc. grew its stake in shares of Cross Country Healthcare by 34.7% in the second quarter. Dana Investment Advisors Inc. now owns 404,370 shares of the business services provider’s stock valued at $5,596,000 after buying an additional 104,136 shares in the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

Cross Country Healthcare Trading Up 5.4 %

Shares of NASDAQ CCRN opened at $10.34 on Tuesday. Cross Country Healthcare has a 12-month low of $9.58 and a 12-month high of $23.64. The stock has a market cap of $340.39 million, a P/E ratio of -196.16, a PEG ratio of 1.87 and a beta of 0.65. The business’s fifty day simple moving average is $12.52 and its 200-day simple moving average is $14.05.

Cross Country Healthcare Company Profile

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.