Cross Country Healthcare, Inc. (NASDAQ:CCRN) Receives Average Recommendation of “Hold” from Analysts

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has been given an average recommendation of “Hold” by the four brokerages that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $18.54.

Several equities research analysts have recently commented on CCRN shares. Truist Financial boosted 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. StockNews.com assumed coverage on Cross Country Healthcare in a research report on Sunday. They issued a “hold” rating for the company. Benchmark downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. William Blair lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, Barrington Research reissued a “market perform” rating on shares of Cross Country Healthcare in a research report on Tuesday, December 10th.

Cross Country Healthcare Trading Up 0.4 %

NASDAQ:CCRN opened at $17.97 on Wednesday. The company has a market cap of $591.52 million, a price-to-earnings ratio of -359.33, a price-to-earnings-growth ratio of 3.39 and a beta of 0.61. The stock has a fifty day simple moving average of $13.15 and a 200-day simple moving average of $13.97. Cross Country Healthcare has a twelve month low of $9.58 and a twelve month high of $23.64.

Hedge Funds Weigh In On Cross Country Healthcare

Several hedge funds and other institutional investors have recently modified their holdings of the stock. SummerHaven Investment Management LLC raised its holdings in shares of Cross Country Healthcare by 3.8% in the second quarter. SummerHaven Investment Management LLC now owns 28,376 shares of the business services provider’s stock worth $393,000 after buying an additional 1,032 shares during the last quarter. Raymond James & Associates increased its position in shares of Cross Country Healthcare by 0.7% in the 2nd quarter. Raymond James & Associates now owns 165,324 shares of the business services provider’s stock valued at $2,288,000 after acquiring an additional 1,155 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Cross Country Healthcare by 14.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,169 shares of the business services provider’s stock worth $137,000 after acquiring an additional 1,250 shares during the last quarter. Gladius Capital Management LP lifted its position in Cross Country Healthcare by 83.4% during the 3rd quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider’s stock worth $54,000 after acquiring an additional 1,812 shares during the period. Finally, GAMMA Investing LLC grew its stake in Cross Country Healthcare by 32.8% during the 3rd quarter. GAMMA Investing LLC now owns 7,543 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 1,865 shares during the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

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.