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

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

A number of other equities analysts have also issued reports on CCRN. Barrington Research reiterated a “market perform” rating on shares of Cross Country Healthcare in a research report on Tuesday, December 10th. Benchmark downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. William Blair lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Truist Financial boosted their target price on Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.54.

Cross Country Healthcare Price Performance

Shares of NASDAQ CCRN opened at $18.00 on Monday. Cross Country Healthcare has a 12-month low of $9.58 and a 12-month high of $23.64. The firm’s 50-day simple moving average is $13.57 and its 200 day simple moving average is $14.06. The company has a market cap of $592.51 million, a price-to-earnings ratio of -359.93, a price-to-earnings-growth ratio of 3.39 and a beta of 0.61.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Truvestments Capital LLC acquired a new position in Cross Country Healthcare in the third quarter valued at about $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Cross Country Healthcare in the 3rd quarter valued at approximately $49,000. nVerses Capital LLC bought a new position in Cross Country Healthcare during the 2nd quarter worth approximately $50,000. Point72 DIFC Ltd acquired a new position in Cross Country Healthcare during the third quarter valued at approximately $52,000. Finally, Gladius Capital Management LP increased its stake in Cross Country Healthcare by 83.4% in the third quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 1,812 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.