Cross Country Healthcare, Inc. (NASDAQ:CCRN) Given Average Rating of “Hold” by Analysts

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have been assigned a consensus recommendation of “Hold” from the four ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation. The average 1 year target price among brokers that have issued a report on the stock in the last year is $18.54.

Several equities research analysts recently weighed in on the stock. StockNews.com began coverage on shares of Cross Country Healthcare in a research report on Friday, January 31st. They set a “hold” rating for the company. Truist Financial lifted their target price on Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a report on Thursday, December 5th. Benchmark downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Barrington Research reiterated a “market perform” rating on shares of Cross Country Healthcare in a report on Tuesday, December 10th. Finally, William Blair lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th.

Cross Country Healthcare Stock Performance

Shares of CCRN stock opened at $18.22 on Thursday. The company has a market capitalization of $597.91 million, a price-to-earnings ratio of -364.33, a price-to-earnings-growth ratio of 3.35 and a beta of 0.44. Cross Country Healthcare has a one year low of $9.58 and a one year high of $21.41. The company’s 50-day moving average is $17.55 and its 200 day moving average is $14.86.

Hedge Funds Weigh In On Cross Country Healthcare

A number of institutional investors and hedge funds have recently modified their holdings of CCRN. Truvestments Capital LLC bought a new position in Cross Country Healthcare in the third quarter valued at about $39,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Cross Country Healthcare during the 3rd quarter valued at about $49,000. Point72 DIFC Ltd bought a new position in shares of Cross Country Healthcare in the 3rd quarter worth approximately $52,000. Gladius Capital Management LP lifted its stake in shares of Cross Country Healthcare by 83.4% in the 3rd quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider’s stock worth $54,000 after purchasing an additional 1,812 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of Cross Country Healthcare by 10,909.3% in the third quarter. US Bancorp DE now owns 4,734 shares of the business services provider’s stock worth $64,000 after buying an additional 4,691 shares during the last quarter. 96.03% of the stock is currently 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.