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

Investment analysts at StockNews.com assumed coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a research report issued on Tuesday. The brokerage set a “hold” rating on the business services provider’s stock.

CCRN has been the topic of several other reports. William Blair lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Barrington Research reiterated a “market perform” rating on shares of Cross Country Healthcare in a research note on Tuesday, December 10th. Benchmark lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. JMP Securities reiterated a “market perform” rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Finally, Truist Financial lifted their price objective on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a research note on Thursday, December 5th. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, Cross Country Healthcare presently has an average rating of “Hold” and a consensus price target of $18.54.

Cross Country Healthcare Price Performance

Shares of CCRN stock opened at $17.08 on Tuesday. The firm has a market cap of $560.50 million, a P/E ratio of -341.53, a PEG ratio of 3.32 and a beta of 0.44. Cross Country Healthcare has a 1-year low of $9.58 and a 1-year high of $19.25. The firm’s 50-day simple moving average is $18.05 and its 200-day simple moving average is $15.09.

Institutional Trading of Cross Country Healthcare

A number of hedge funds have recently made changes to their positions in the stock. BCK Capital Management LP acquired a new stake in shares of Cross Country Healthcare during the fourth quarter worth approximately $1,076,000. CSS LLC IL acquired a new stake in shares of Cross Country Healthcare during the fourth quarter worth approximately $828,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Cross Country Healthcare by 7.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 107,333 shares of the business services provider’s stock worth $1,949,000 after buying an additional 7,278 shares in the last quarter. Squarepoint Ops LLC grew its position in shares of Cross Country Healthcare by 508.8% during the fourth quarter. Squarepoint Ops LLC now owns 255,362 shares of the business services provider’s stock worth $4,637,000 after buying an additional 213,416 shares in the last quarter. Finally, Two Sigma Investments LP grew its position in shares of Cross Country Healthcare by 21.8% during the fourth quarter. Two Sigma Investments LP now owns 34,733 shares of the business services provider’s stock worth $631,000 after buying an additional 6,215 shares in the last quarter. 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.