Cross Country Healthcare (NASDAQ:CCRN) Coverage Initiated at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a note issued to investors on Thursday. The firm set a “hold” rating on the business services provider’s stock.

A number of other research firms also recently issued reports on CCRN. William Blair downgraded shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Barrington Research restated a “market perform” rating and set a $18.61 price objective on shares of Cross Country Healthcare in a report on Friday, March 14th. Truist Financial lifted their target price on Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a report on Thursday, December 5th. JMP Securities restated a “market perform” rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Finally, Benchmark downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $18.41.

Cross Country Healthcare Price Performance

CCRN opened at $14.94 on Thursday. Cross Country Healthcare has a 12 month low of $9.58 and a 12 month high of $19.18. The business has a 50-day moving average of $17.49 and a two-hundred day moving average of $15.18. The stock has a market capitalization of $490.23 million, a price-to-earnings ratio of -298.74, a price-to-earnings-growth ratio of 3.32 and a beta of 0.44.

Hedge Funds Weigh In On Cross Country Healthcare

Several hedge funds and other institutional investors have recently made changes to their positions in CCRN. Quadrant Capital Group LLC acquired a new position in shares of Cross Country Healthcare during the fourth quarter worth about $25,000. Truvestments Capital LLC acquired a new stake in shares of Cross Country Healthcare in the third quarter valued at about $39,000. Plato Investment Management Ltd purchased a new stake in shares of Cross Country Healthcare during the 4th quarter valued at about $46,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Cross Country Healthcare in the 3rd quarter worth approximately $49,000. Finally, Point72 DIFC Ltd acquired a new stake in Cross Country Healthcare in the third quarter valued at approximately $52,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

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.