Cross Country Healthcare, Inc. (NASDAQ:CCRN) Given Consensus Rating of “Hold” by Analysts

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have been assigned a consensus rating of “Hold” from the five analysts that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $18.41.

Several research analysts recently issued reports on the stock. StockNews.com started coverage on shares of Cross Country Healthcare in a research report on Friday. They issued a “hold” rating for the company. William Blair downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Benchmark lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. JMP Securities restated a “market perform” rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Finally, Barrington Research reiterated a “market perform” rating and set a $18.61 target price on shares of Cross Country Healthcare in a research report on Friday, March 14th.

Institutional Trading of Cross Country Healthcare

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Cross Country Healthcare by 4.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,386 shares of the business services provider’s stock worth $334,000 after acquiring an additional 817 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Cross Country Healthcare by 14.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,169 shares of the business services provider’s stock worth $137,000 after purchasing an additional 1,250 shares during the last quarter. Quadrant Capital Group LLC acquired a new stake in shares of Cross Country Healthcare during the fourth quarter worth $25,000. Geode Capital Management LLC grew its stake in shares of Cross Country Healthcare by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 754,368 shares of the business services provider’s stock worth $13,702,000 after purchasing an additional 2,112 shares during the period. Finally, Plato Investment Management Ltd acquired a new position in Cross Country Healthcare in the fourth quarter valued at about $46,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

Cross Country Healthcare Stock Performance

Shares of CCRN stock opened at $15.11 on Friday. The firm has a fifty day moving average of $17.11 and a 200-day moving average of $15.19. The stock has a market cap of $495.80 million, a price-to-earnings ratio of -302.14, a P/E/G ratio of 3.32 and a beta of 0.44. Cross Country Healthcare has a 52-week low of $9.58 and a 52-week high of $19.14.

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.