Cross Country Healthcare, Inc. (NASDAQ:CCRN) Receives Consensus Recommendation of “Hold” from Analysts

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has been given a consensus rating of “Hold” by the five analysts that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $18.50.

CCRN has been the subject of several recent analyst reports. Barrington Research cut their price objective on Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Benchmark cut their price target on shares of Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, Truist Financial lowered their price objective on shares of Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating on the stock in a research note on Monday, October 21st.

Cross Country Healthcare Stock Performance

CCRN opened at $10.34 on Friday. The business’s 50-day simple moving average is $12.25 and its 200 day simple moving average is $13.91. Cross Country Healthcare has a 52-week low of $9.58 and a 52-week high of $23.64. The firm has a market capitalization of $340.39 million, a PE ratio of -206.76, a PEG ratio of 1.98 and a beta of 0.65.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Truvestments Capital LLC bought a new stake in shares of Cross Country Healthcare during the third quarter worth approximately $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Cross Country Healthcare in the 3rd quarter valued at $49,000. nVerses Capital LLC bought a new position in Cross Country Healthcare during the 2nd quarter worth $50,000. Point72 DIFC Ltd acquired a new stake in shares of Cross Country Healthcare during the third quarter worth $52,000. Finally, Gladius Capital Management LP lifted its holdings in shares of Cross Country Healthcare by 83.4% during the third quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider’s stock worth $54,000 after buying an additional 1,812 shares in the last quarter. 96.03% of the stock is owned by 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.