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

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

Several other equities research analysts also recently commented on the company. Truist Financial lifted their price objective on Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a report on Thursday, December 5th. JMP Securities reiterated a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. William Blair downgraded 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 report on Tuesday, December 10th. Finally, Benchmark downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $18.54.

Cross Country Healthcare Stock Performance

NASDAQ CCRN opened at $16.86 on Tuesday. Cross Country Healthcare has a one year low of $9.58 and a one year high of $19.25. The stock has a 50-day moving average of $18.00 and a 200 day moving average of $15.12. The company has a market capitalization of $553.28 million, a price-to-earnings ratio of -337.13, a PEG ratio of 3.32 and a beta of 0.44.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC boosted its position in Cross Country Healthcare by 337.6% in the third 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. PDT Partners LLC purchased a new position in Cross Country Healthcare in the third quarter worth about $856,000. Barclays PLC lifted its position in shares of Cross Country Healthcare by 117.5% during the 3rd quarter. Barclays PLC now owns 80,277 shares of the business services provider’s stock valued at $1,078,000 after buying an additional 43,372 shares in the last quarter. Royce & Associates LP lifted its position in shares of Cross Country Healthcare by 51.4% during the 3rd quarter. Royce & Associates LP now owns 1,132,566 shares of the business services provider’s stock valued at $15,222,000 after buying an additional 384,374 shares in the last quarter. Finally, Systematic Financial Management LP lifted its position in shares of Cross Country Healthcare by 8.5% during the 3rd quarter. Systematic Financial Management LP now owns 1,662,730 shares of the business services provider’s stock valued at $22,347,000 after buying an additional 130,746 shares in the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

About Cross Country Healthcare

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.