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

StockNews.com started coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a note issued to investors on Wednesday. The firm set a “hold” rating on the business services provider’s stock.

Several other research analysts have also recently weighed in on the company. William Blair cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Benchmark downgraded shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Truist Financial boosted their target price 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. Finally, Barrington Research reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a report on Tuesday, December 10th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $18.54.

Cross Country Healthcare Stock Performance

Cross Country Healthcare stock opened at $18.16 on Wednesday. Cross Country Healthcare has a fifty-two week low of $9.58 and a fifty-two week high of $23.15. The firm’s 50-day simple moving average is $15.14 and its 200 day simple moving average is $14.40. The stock has a market cap of $597.77 million, a PE ratio of -363.13, a price-to-earnings-growth ratio of 3.39 and a beta of 0.46.

Institutional Investors Weigh In On Cross Country Healthcare

Institutional investors and hedge funds have recently modified their holdings of the company. Jacobs Levy Equity Management Inc. purchased a new position in shares of Cross Country Healthcare during the 3rd quarter valued at $7,350,000. Royce & Associates LP grew its position in Cross Country Healthcare by 51.4% during the third quarter. Royce & Associates LP now owns 1,132,566 shares of the business services provider’s stock worth $15,222,000 after buying an additional 384,374 shares in the last quarter. Pacer Advisors Inc. increased its stake in Cross Country Healthcare by 3.8% in the 2nd quarter. Pacer Advisors Inc. now owns 4,550,848 shares of the business services provider’s stock worth $62,984,000 after acquiring an additional 165,032 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Cross Country Healthcare by 337.6% in the 3rd quarter. Jane Street Group LLC now owns 181,492 shares of the business services provider’s stock valued at $2,439,000 after acquiring an additional 140,013 shares in the last quarter. Finally, Systematic Financial Management LP boosted its position in shares of Cross Country Healthcare by 8.5% during 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 during the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

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.