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

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

Other analysts have also recently issued reports about the stock. Benchmark cut shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Truist Financial lifted 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. Barrington Research reissued a “market perform” rating and issued a $18.61 target price on shares of Cross Country Healthcare in a research report on Friday, March 14th. JMP Securities reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Finally, William Blair lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $18.41.

Cross Country Healthcare Price Performance

Shares of NASDAQ:CCRN opened at $15.11 on Friday. The business’s 50-day moving average is $17.11 and its 200 day moving average is $15.19. Cross Country Healthcare has a 1 year low of $9.58 and a 1 year high of $19.14. The firm has a market capitalization of $495.80 million, a P/E ratio of -302.14, a P/E/G ratio of 3.32 and a beta of 0.44.

Institutional Trading of Cross Country Healthcare

Several hedge funds and other institutional investors have recently bought and sold shares of CCRN. Quadrant Capital Group LLC purchased a new stake in Cross Country Healthcare in the 4th quarter worth approximately $25,000. Plato Investment Management Ltd purchased a new stake in Cross Country Healthcare during the fourth quarter worth $46,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Cross Country Healthcare during the third quarter worth $49,000. Point72 DIFC Ltd acquired a new stake in Cross Country Healthcare during the third quarter valued at $52,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Cross Country Healthcare by 14.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,169 shares of the business services provider’s stock valued at $137,000 after buying an additional 1,250 shares in the last quarter. 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.