Cross Country Healthcare (NASDAQ:CCRN) Sees Strong Trading Volume – Should You Buy?

Cross Country Healthcare, Inc. (NASDAQ:CCRN) shares saw an uptick in trading volume on Thursday . 953,379 shares were traded during mid-day trading, an increase of 108% from the previous session’s volume of 457,930 shares.The stock last traded at $16.10 and had previously closed at $16.86.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CCRN shares. StockNews.com started coverage on shares of Cross Country Healthcare in a research report on Tuesday. They set a “hold” rating on the stock. JMP Securities restated a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Barrington Research reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a report on Tuesday, December 10th. Benchmark downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Truist Financial raised their price target on Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a research report on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $18.54.

Cross Country Healthcare Stock Performance

The company has a 50-day moving average of $18.00 and a 200-day moving average of $15.12. The stock has a market capitalization of $518.66 million, a price-to-earnings ratio of -316.04, a P/E/G ratio of 3.32 and a beta of 0.44.

Institutional Trading of Cross Country Healthcare

Several institutional investors and hedge funds have recently made changes to their positions in CCRN. BCK Capital Management LP acquired a new position in Cross Country Healthcare in the 4th quarter valued at about $1,076,000. CSS LLC IL purchased a new position in shares of Cross Country Healthcare during the fourth quarter valued at approximately $828,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Cross Country Healthcare by 7.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 107,333 shares of the business services provider’s stock valued at $1,949,000 after purchasing an additional 7,278 shares during the last quarter. Squarepoint Ops LLC grew its holdings in Cross Country Healthcare by 508.8% in the 4th quarter. Squarepoint Ops LLC now owns 255,362 shares of the business services provider’s stock valued at $4,637,000 after buying an additional 213,416 shares during the period. Finally, Two Sigma Investments LP grew its holdings in Cross Country Healthcare by 21.8% in the fourth quarter. Two Sigma Investments LP now owns 34,733 shares of the business services provider’s stock valued at $631,000 after purchasing an additional 6,215 shares during the period. 96.03% of the stock is currently 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.