Cross Country Healthcare (NASDAQ:CCRN) Coverage Initiated by Analysts at StockNews.com

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

Other equities analysts have also recently issued research reports about the stock. Barrington Research reissued a “market perform” rating and issued a $18.61 price target on shares of Cross Country Healthcare in a research report on Friday, March 14th. JMP Securities reiterated a “market perform” rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $18.41.

Cross Country Healthcare Stock Down 2.2 %

CCRN opened at $14.51 on Friday. The business has a fifty day simple moving average of $16.70 and a 200-day simple moving average of $15.24. Cross Country Healthcare has a 52 week low of $9.58 and a 52 week high of $18.50. The firm has a market cap of $476.12 million, a P/E ratio of -290.14, a P/E/G ratio of 3.32 and a beta of 0.44.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC acquired a new position in Cross Country Healthcare in the 4th quarter valued at $25,000. Plato Investment Management Ltd acquired a new position in Cross Country Healthcare during the fourth quarter worth about $46,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Cross Country Healthcare in the 3rd quarter valued at approximately $49,000. Point72 DIFC Ltd purchased a new stake in shares of Cross Country Healthcare in the third quarter valued at $52,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Cross Country Healthcare by 14.0% during 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. 96.03% of the stock is owned by hedge funds and other institutional investors.

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.