Cross Country Healthcare, Inc. (NASDAQ:CCRN) Given Average Recommendation of “Hold” by Analysts

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have been given an average recommendation of “Hold” by the five research firms that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation. The average 1-year price target among analysts that have issued a report on the stock in the last year is $18.41.

CCRN has been the topic of several analyst reports. StockNews.com initiated coverage on Cross Country Healthcare in a report on Monday. They issued a “hold” rating on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Finally, Barrington Research reissued a “market perform” rating and set a $18.61 price objective on shares of Cross Country Healthcare in a research note on Friday, March 14th.

Cross Country Healthcare Stock Performance

Shares of CCRN opened at $14.13 on Tuesday. The firm has a market cap of $463.65 million, a price-to-earnings ratio of -282.54, a PEG ratio of 3.32 and a beta of 0.25. The firm has a 50 day moving average price of $15.70 and a 200-day moving average price of $15.31. Cross Country Healthcare has a fifty-two week low of $9.58 and a fifty-two week high of $18.50.

Hedge Funds Weigh In On Cross Country Healthcare

Institutional investors have recently bought and sold shares of the stock. Magnetar Financial LLC bought a new position in shares of Cross Country Healthcare in the 4th quarter worth approximately $41,421,000. State Street Corp raised its holdings in Cross Country Healthcare by 0.5% in the third quarter. State Street Corp now owns 1,334,353 shares of the business services provider’s stock worth $17,934,000 after purchasing an additional 6,582 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Cross Country Healthcare by 443.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,284,940 shares of the business services provider’s stock worth $23,335,000 after purchasing an additional 1,048,605 shares in the last quarter. Royce & Associates LP lifted its position in Cross Country Healthcare by 3.4% during the fourth quarter. Royce & Associates LP now owns 1,170,945 shares of the business services provider’s stock valued at $21,264,000 after buying an additional 38,379 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Cross Country Healthcare by 9.8% during the 4th quarter. American Century Companies Inc. now owns 1,032,203 shares of the business services provider’s stock valued at $18,745,000 after buying an additional 92,114 shares in the last quarter. 96.03% of the stock is 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.