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

StockNews.com assumed coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a report released on Sunday. The firm issued a hold rating on the business services provider’s stock.

Other analysts have also recently issued research reports about the company. Barrington Research reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a research report on Tuesday, December 10th. William Blair lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. JMP Securities reiterated a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Truist Financial boosted their price objective on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Finally, Benchmark lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $18.54.

Cross Country Healthcare Stock Down 0.3 %

CCRN stock opened at $18.15 on Friday. The company has a market capitalization of $595.68 million, a price-to-earnings ratio of -362.93, a P/E/G ratio of 3.35 and a beta of 0.44. The firm has a 50 day moving average of $18.13 and a two-hundred day moving average of $14.93. Cross Country Healthcare has a 12 month low of $9.58 and a 12 month high of $21.41.

Institutional Investors Weigh In On Cross Country Healthcare

A number of institutional investors have recently added to or reduced their stakes in CCRN. Magnetar Financial LLC bought a new stake in shares of Cross Country Healthcare in the 4th quarter worth approximately $41,421,000. Alliancebernstein L.P. lifted its position in Cross Country Healthcare by 443.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,284,940 shares of the business services provider’s stock worth $23,335,000 after purchasing an additional 1,048,605 shares during the period. AQR Arbitrage LLC bought a new position in Cross Country Healthcare in the fourth quarter worth $10,851,000. Alpine Associates Management Inc. acquired a new stake in Cross Country Healthcare during the fourth quarter worth $10,552,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Cross Country Healthcare in the 3rd quarter valued at $7,350,000. 96.03% of the stock is owned by institutional investors and hedge funds.

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.