Barrington Research Reaffirms Market Perform Rating for Cross Country Healthcare (NASDAQ:CCRN)

Cross Country Healthcare (NASDAQ:CCRN)‘s stock had its “market perform” rating reaffirmed by investment analysts at Barrington Research in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $18.61 price target on the business services provider’s stock. Barrington Research’s price objective points to a potential upside of 19.45% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. JMP Securities reiterated a “market perform” rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Benchmark cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. William Blair cut shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Truist Financial boosted their target price on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a research report on Thursday, December 5th. Finally, StockNews.com started coverage on shares of Cross Country Healthcare in a research report on Wednesday. They set a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Cross Country Healthcare currently has an average rating of “Hold” and a consensus price target of $18.41.

Cross Country Healthcare Price Performance

CCRN stock opened at $15.58 on Friday. The stock has a market capitalization of $511.23 million, a price-to-earnings ratio of -311.54, a PEG ratio of 3.32 and a beta of 0.44. The business’s fifty day moving average price is $17.68 and its two-hundred day moving average price is $15.18. Cross Country Healthcare has a fifty-two week low of $9.58 and a fifty-two week high of $19.25.

Institutional Investors Weigh In On Cross Country Healthcare

Large investors have recently modified their holdings of the business. Jane Street Group LLC boosted its holdings in shares of Cross Country Healthcare by 337.6% in the 3rd quarter. Jane Street Group LLC now owns 181,492 shares of the business services provider’s stock valued at $2,439,000 after purchasing an additional 140,013 shares in the last quarter. PDT Partners LLC bought a new position in shares of Cross Country Healthcare in the 3rd quarter valued at $856,000. Barclays PLC lifted its stake in shares of Cross Country Healthcare by 117.5% in the 3rd quarter. Barclays PLC now owns 80,277 shares of the business services provider’s stock valued at $1,078,000 after acquiring an additional 43,372 shares during the last quarter. 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 acquiring an additional 384,374 shares during the last quarter. Finally, Systematic Financial Management LP lifted its stake in shares of Cross Country Healthcare by 8.5% in the 3rd quarter. Systematic Financial Management LP now owns 1,662,730 shares of the business services provider’s stock valued at $22,347,000 after acquiring an additional 130,746 shares during the last quarter. Institutional investors and hedge funds 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.