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

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have received a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $11.3229.

CCRN has been the topic of several analyst reports. Citigroup reiterated a “market outperform” rating on shares of Cross Country Healthcare in a report on Friday, December 19th. Citizens Jmp raised shares of Cross Country Healthcare from a “market perform” rating to an “outperform” rating and set a $11.00 target price on the stock in a research note on Thursday, December 4th. Benchmark reissued a “hold” rating on shares of Cross Country Healthcare in a research note on Monday, December 8th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cross Country Healthcare in a research report on Monday, December 29th. Finally, Wedbush began coverage on Cross Country Healthcare in a research report on Tuesday, February 3rd. They issued a “neutral” rating and a $11.00 price objective for the company.

Hedge Funds Weigh In On Cross Country Healthcare

Several hedge funds have recently bought and sold shares of CCRN. Alliancebernstein L.P. grew its stake in Cross Country Healthcare by 4.0% during the 2nd quarter. Alliancebernstein L.P. now owns 2,438,282 shares of the business services provider’s stock worth $31,820,000 after purchasing an additional 94,798 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Cross Country Healthcare by 56.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,095,178 shares of the business services provider’s stock valued at $16,307,000 after buying an additional 397,216 shares during the period. Quinn Opportunity Partners LLC acquired a new position in shares of Cross Country Healthcare during the fourth quarter worth about $8,470,000. Dana Investment Advisors Inc. increased its stake in shares of Cross Country Healthcare by 71.2% during the fourth quarter. Dana Investment Advisors Inc. now owns 1,008,525 shares of the business services provider’s stock worth $8,169,000 after buying an additional 419,429 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Cross Country Healthcare by 28.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 969,458 shares of the business services provider’s stock worth $7,853,000 after buying an additional 211,925 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Cross Country Healthcare Stock Up 1.6%

Shares of NASDAQ CCRN opened at $8.08 on Monday. The company’s 50-day simple moving average is $8.49 and its 200-day simple moving average is $11.15. Cross Country Healthcare has a 52-week low of $7.43 and a 52-week high of $18.24. The firm has a market cap of $264.70 million, a price-to-earnings ratio of -16.49, a price-to-earnings-growth ratio of 5.94 and a beta of 0.44.

Cross Country Healthcare Company Profile

Cross Country Healthcare, Inc, headquartered in Boca Raton, Florida, is a leading provider of healthcare workforce solutions in the United States. The company specializes in the recruitment, placement and management of nursing and allied health professionals on both a travel and permanent basis. Through its integrated platform, Cross Country Healthcare serves hospitals, health systems, and long-term care facilities by matching qualified clinical talent with patient care needs across diverse care settings.

The company’s core service offerings include travel nurse and allied health staffing, per diem staffing, permanent placement services, and managed services programs.