Cross Country Healthcare (NASDAQ:CCRN) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a research note released on Friday. The brokerage issued a hold rating on the business services provider’s stock.

Other analysts also recently issued research reports about the stock. William Blair downgraded shares of 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 research note on Tuesday, December 10th. Truist Financial raised their price objective on Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Finally, Benchmark lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $18.54.

Cross Country Healthcare Price Performance

CCRN stock opened at $18.22 on Friday. Cross Country Healthcare has a fifty-two week low of $9.58 and a fifty-two week high of $22.14. The stock has a market capitalization of $597.98 million, a price-to-earnings ratio of -364.33, a PEG ratio of 3.35 and a beta of 0.46. The business’s fifty day moving average price is $17.11 and its two-hundred day moving average price is $14.80.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new position in shares of Cross Country Healthcare in the 3rd quarter valued at $39,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Cross Country Healthcare in the third quarter valued at about $49,000. Point72 DIFC Ltd bought a new position in Cross Country Healthcare in the third quarter valued at about $52,000. Gladius Capital Management LP raised its stake in Cross Country Healthcare by 83.4% during the third 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 in the last quarter. Finally, US Bancorp DE boosted its stake in shares of Cross Country Healthcare by 10,909.3% in the 3rd quarter. US Bancorp DE now owns 4,734 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 4,691 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

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.