Cross Country Healthcare (NASDAQ:CCRN) Now Covered by Analysts at StockNews.com

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

Several other equities analysts have also recently weighed in on CCRN. William Blair cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Truist Financial lifted their price target on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a research note on Thursday, December 5th. Barrington Research reiterated a “market perform” rating on shares of Cross Country Healthcare in a report on Tuesday. Finally, Benchmark lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Cross Country Healthcare presently has an average rating of “Hold” and an average target price of $18.54.

Cross Country Healthcare Stock Performance

Shares of Cross Country Healthcare stock opened at $18.06 on Friday. The stock’s fifty day simple moving average is $12.48 and its 200 day simple moving average is $13.84. The company has a market capitalization of $594.54 million, a PE ratio of -361.13, a PEG ratio of 3.39 and a beta of 0.61. Cross Country Healthcare has a 12 month low of $9.58 and a 12 month high of $23.64.

Hedge Funds Weigh In On Cross Country Healthcare

A number of large investors have recently bought and sold shares of CCRN. Jacobs Levy Equity Management Inc. bought a new stake in shares of Cross Country Healthcare in the third quarter worth $7,350,000. Royce & Associates LP increased its stake in 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 buying an additional 384,374 shares during the last quarter. Pacer Advisors Inc. lifted its position in Cross Country Healthcare by 3.8% during the 2nd quarter. Pacer Advisors Inc. now owns 4,550,848 shares of the business services provider’s stock worth $62,984,000 after buying an additional 165,032 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Cross Country Healthcare by 337.6% during the 3rd quarter. Jane Street Group LLC now owns 181,492 shares of the business services provider’s stock worth $2,439,000 after buying an additional 140,013 shares during the last quarter. Finally, Systematic Financial Management LP grew its holdings 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 in 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.