Cross Country Healthcare (NASDAQ:CCRN) Downgraded by William Blair to Hold

Cross Country Healthcare (NASDAQ:CCRN) was downgraded by stock analysts at William Blair from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

CCRN has been the topic of a number of other reports. Benchmark downgraded shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Truist Financial upped their price target on Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a report on Thursday. Finally, Barrington Research reduced their price objective on Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $18.54.

Cross Country Healthcare Stock Down 0.5 %

NASDAQ:CCRN opened at $18.07 on Wednesday. The business’s 50-day moving average price is $11.87 and its 200 day moving average price is $13.69. Cross Country Healthcare has a 52-week low of $9.58 and a 52-week high of $23.64. The firm has a market cap of $594.86 million, a P/E ratio of -361.33, a PEG ratio of 2.13 and a beta of 0.61.

Institutional Trading of Cross Country Healthcare

Hedge funds have recently made changes to their positions in the stock. Truvestments Capital LLC purchased a new stake in shares of Cross Country Healthcare in the third quarter worth approximately $39,000. nVerses Capital LLC purchased a new stake in shares of Cross Country Healthcare in the second quarter worth approximately $50,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Cross Country Healthcare during the third quarter valued at approximately $49,000. Point72 DIFC Ltd bought a new position in Cross Country Healthcare during the third quarter valued at approximately $52,000. Finally, Gladius Capital Management LP raised its position 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 valued at $54,000 after acquiring an additional 1,812 shares in 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.