Cross Country Healthcare, Inc. (NASDAQ:CCRN) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have been given a consensus rating of “Hold” by the five analysts that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $18.50.

CCRN has been the topic of a number of research reports. Truist Financial reduced their target price on shares of Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating on the stock in a report on Monday, October 21st. Barrington Research decreased their price objective on Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, Benchmark dropped their price objective on shares of Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, November 7th.

Hedge Funds Weigh In On Cross Country Healthcare

A number of institutional investors have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System increased its holdings in Cross Country Healthcare by 40.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 13,875 shares of the business services provider’s stock worth $260,000 after purchasing an additional 4,020 shares during the period. O Shaughnessy Asset Management LLC grew its position in shares of Cross Country Healthcare by 16.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 79,399 shares of the business services provider’s stock worth $1,486,000 after buying an additional 11,343 shares in the last quarter. BOKF NA bought a new stake in shares of Cross Country Healthcare in the 1st quarter valued at about $247,000. Price T Rowe Associates Inc. MD lifted its holdings in Cross Country Healthcare by 9.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,639 shares of the business services provider’s stock worth $312,000 after buying an additional 1,450 shares during the period. Finally, Bayesian Capital Management LP bought a new stake in Cross Country Healthcare during the 1st quarter valued at $195,000. 96.03% of the stock is owned by hedge funds and other institutional investors.

Cross Country Healthcare Stock Performance

Shares of CCRN opened at $10.80 on Friday. The stock has a market capitalization of $355.54 million, a PE ratio of -213.16, a P/E/G ratio of 2.07 and a beta of 0.65. The company’s fifty day moving average is $12.03 and its 200 day moving average is $13.76. Cross Country Healthcare has a fifty-two week low of $9.58 and a fifty-two week high of $23.64.

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.