Cross Country Healthcare (NASDAQ:CCRN) Cut to “Hold” at William Blair

William Blair cut shares of Cross Country Healthcare (NASDAQ:CCRN) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday,Zacks.com reports.

A number of other equities analysts have also weighed in on the stock. Benchmark lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Truist Financial boosted their price objective on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a research report on Thursday. Finally, Barrington Research cut their price objective on shares of Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $18.54.

Cross Country Healthcare Trading Down 0.5 %

Shares of CCRN opened at $18.07 on Wednesday. The stock has a market cap of $594.86 million, a P/E ratio of -361.33, a PEG ratio of 2.13 and a beta of 0.61. The company has a 50-day moving average of $11.87 and a two-hundred day moving average of $13.69. Cross Country Healthcare has a 12-month low of $9.58 and a 12-month high of $23.64.

Institutional Investors Weigh In On Cross Country Healthcare

A number of institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new stake in Cross Country Healthcare in the third quarter valued at approximately $153,000. Barclays PLC grew its holdings in Cross Country Healthcare by 117.5% in the third quarter. Barclays PLC now owns 80,277 shares of the business services provider’s stock valued at $1,078,000 after purchasing an additional 43,372 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Cross Country Healthcare by 5,077.6% in the third quarter. Public Employees Retirement System of Ohio now owns 58,144 shares of the business services provider’s stock valued at $781,000 after purchasing an additional 57,021 shares during the period. XTX Topco Ltd purchased a new stake in Cross Country Healthcare in the third quarter valued at approximately $312,000. Finally, Jane Street Group LLC grew its holdings 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 valued at $2,439,000 after purchasing an additional 140,013 shares during the period. 96.03% of the stock is currently 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.