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

Stock analysts at StockNews.com assumed coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a research note issued on Sunday. The brokerage set a “hold” rating on the business services provider’s stock.

CCRN has been the topic of a number of other research reports. Barrington Research reiterated a “market perform” rating on shares of Cross Country Healthcare in a research report on Tuesday, December 10th. 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 report on Thursday, December 5th. William Blair downgraded shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, Benchmark cut shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Cross Country Healthcare has a consensus rating of “Hold” and an average target price of $18.54.

Cross Country Healthcare Trading Down 0.1 %

NASDAQ CCRN opened at $17.91 on Friday. The firm’s 50 day simple moving average is $13.04 and its 200 day simple moving average is $13.95. The firm has a market capitalization of $589.54 million, a price-to-earnings ratio of -358.13, a P/E/G ratio of 3.39 and a beta of 0.61. Cross Country Healthcare has a 1 year low of $9.58 and a 1 year high of $23.64.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake 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 valued at $62,984,000 after purchasing an additional 165,032 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Cross Country Healthcare by 1.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,360,016 shares of the business services provider’s stock valued at $32,662,000 after acquiring an additional 24,363 shares in the last quarter. Systematic Financial Management LP lifted its position in 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. State Street Corp boosted its stake in Cross Country Healthcare by 0.5% during the 3rd quarter. State Street Corp now owns 1,334,353 shares of the business services provider’s stock valued at $17,934,000 after purchasing an additional 6,582 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in Cross Country Healthcare by 51.4% during the 3rd quarter. Royce & Associates LP now owns 1,132,566 shares of the business services provider’s stock worth $15,222,000 after purchasing an additional 384,374 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.