StockNews.com Initiates Coverage on Cross Country Healthcare (NASDAQ:CCRN)

Equities researchers at StockNews.com started coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a note issued to investors on Friday. The brokerage set a “hold” rating on the business services provider’s stock.

Several other research firms have also recently weighed in on CCRN. 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 report on Thursday, December 5th. Barrington Research reaffirmed a “market perform” rating and issued a $18.61 target price on shares of Cross Country Healthcare in a research note on Friday, March 14th. 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. JMP Securities restated a “market perform” rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. 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. Six research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $18.41.

Cross Country Healthcare Price Performance

CCRN opened at $15.00 on Friday. The firm has a market capitalization of $492.20 million, a P/E ratio of -299.94, a price-to-earnings-growth ratio of 3.32 and a beta of 0.44. Cross Country Healthcare has a one year low of $9.58 and a one year high of $19.14. The company has a fifty day moving average price of $17.04 and a 200-day moving average price of $15.21.

Institutional Investors Weigh In On Cross Country Healthcare

A number of hedge funds have recently made changes to their positions in the business. Magnetar Financial LLC purchased a new position in Cross Country Healthcare in the 4th quarter worth $41,421,000. Systematic Financial Management LP increased its holdings in shares of Cross Country Healthcare by 8.5% in the third 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 period. State Street Corp lifted its stake in shares of Cross Country Healthcare by 0.5% in the 3rd quarter. State Street Corp now owns 1,334,353 shares of the business services provider’s stock valued at $17,934,000 after acquiring an additional 6,582 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Cross Country Healthcare by 443.7% during the 4th quarter. Alliancebernstein L.P. now owns 1,284,940 shares of the business services provider’s stock valued at $23,335,000 after acquiring an additional 1,048,605 shares during the period. Finally, Royce & Associates LP grew its position in Cross Country Healthcare by 3.4% during the 4th quarter. Royce & Associates LP now owns 1,170,945 shares of the business services provider’s stock worth $21,264,000 after acquiring an additional 38,379 shares during the last quarter. 96.03% of the stock is currently owned by 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.