StockNews.com Initiates Coverage on Cross Country Healthcare (NASDAQ:CCRN)

Analysts at StockNews.com initiated coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the business services provider’s stock.

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

Cross Country Healthcare Trading Up 0.3 %

CCRN stock opened at $18.10 on Monday. Cross Country Healthcare has a 52 week low of $9.58 and a 52 week high of $19.25. The company has a market capitalization of $593.97 million, a price-to-earnings ratio of -361.93, a price-to-earnings-growth ratio of 3.32 and a beta of 0.44. The firm’s 50-day moving average is $18.13 and its two-hundred day moving average is $14.98.

Institutional Inflows and Outflows

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

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.