Brokerages Set Cross Country Healthcare, Inc. (NASDAQ:CCRN) Target Price at $18.54

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has earned a consensus rating of “Hold” from the four brokerages that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $18.54.

Several equities analysts have recently issued reports on the company. StockNews.com started coverage on Cross Country Healthcare in a report on Sunday. They issued a “hold” rating for the company. Truist Financial boosted 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, December 5th. Barrington Research reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a research note on Tuesday, December 10th. William Blair cut shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, Benchmark lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. purchased a new stake in Cross Country Healthcare in the 3rd quarter worth $7,350,000. Royce & Associates LP increased its stake in shares of 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 purchasing an additional 384,374 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Cross Country Healthcare by 3.8% during the 2nd quarter. Pacer Advisors Inc. now owns 4,550,848 shares of the business services provider’s stock worth $62,984,000 after purchasing an additional 165,032 shares during the last quarter. Jane Street Group LLC raised its position in shares of Cross Country Healthcare by 337.6% during the 3rd quarter. Jane Street Group LLC now owns 181,492 shares of the business services provider’s stock worth $2,439,000 after purchasing an additional 140,013 shares during the last quarter. Finally, Systematic Financial Management LP boosted its holdings in Cross Country Healthcare by 8.5% in the 3rd quarter. Systematic Financial Management LP now owns 1,662,730 shares of the business services provider’s stock worth $22,347,000 after buying an additional 130,746 shares during the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

Cross Country Healthcare Price Performance

NASDAQ CCRN opened at $17.97 on Wednesday. Cross Country Healthcare has a 1 year low of $9.58 and a 1 year high of $23.64. The company has a market capitalization of $591.52 million, a PE ratio of -359.33, a P/E/G ratio of 3.39 and a beta of 0.61. The company has a fifty day moving average of $13.15 and a 200 day moving average of $13.97.

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.