Cross Country Healthcare (NASDAQ:CCRN) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a research report released on Tuesday. The brokerage issued a hold rating on the business services provider’s stock.

A number of other research analysts have also recently commented on the stock. Benchmark cut shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Barrington Research reissued a “market perform” rating on shares of Cross Country Healthcare in a research note on Tuesday, December 10th. William Blair downgraded shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, Truist Financial upped their price objective on Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a report on Thursday, December 5th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $18.54.

Cross Country Healthcare Stock Performance

Shares of NASDAQ:CCRN opened at $18.24 on Tuesday. The stock’s 50-day moving average is $14.59 and its 200-day moving average is $14.27. The company has a market cap of $600.41 million, a P/E ratio of -364.73, a P/E/G ratio of 3.39 and a beta of 0.46. Cross Country Healthcare has a 52-week low of $9.58 and a 52-week high of $23.64.

Institutional Investors Weigh In On Cross Country Healthcare

Large investors have recently made changes to their positions in the stock. Truvestments Capital LLC acquired a new position in Cross Country Healthcare during the third quarter worth $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Cross Country Healthcare in the third quarter valued at approximately $49,000. Point72 DIFC Ltd acquired a new position in Cross Country Healthcare in the 3rd quarter valued at $52,000. Gladius Capital Management LP increased its position in Cross Country Healthcare by 83.4% during the third quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider’s stock worth $54,000 after acquiring an additional 1,812 shares during the period. Finally, US Bancorp DE increased its holdings in shares of Cross Country Healthcare by 10,909.3% during the third quarter. US Bancorp DE now owns 4,734 shares of the business services provider’s stock worth $64,000 after purchasing an additional 4,691 shares during the period. Institutional investors own 96.03% of the company’s stock.

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.