StockNews.com Begins Coverage on Cross Country Healthcare (NASDAQ:CCRN)

Investment analysts at StockNews.com initiated coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a report released on Thursday. The brokerage set a “hold” rating on the business services provider’s stock.

A number of other brokerages have also issued reports on CCRN. JMP Securities restated a “market perform” rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. William Blair downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Benchmark cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Barrington Research reissued a “market perform” rating and issued a $18.61 price target on shares of Cross Country Healthcare in a report on Friday, March 14th. Finally, Truist Financial upped their price objective on Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Cross Country Healthcare currently has a consensus rating of “Hold” and an average price target of $18.41.

Cross Country Healthcare Stock Performance

Shares of CCRN opened at $14.94 on Thursday. Cross Country Healthcare has a one year low of $9.58 and a one year high of $19.18. The stock has a 50-day moving average price of $17.49 and a 200 day moving average price of $15.18. The company has a market capitalization of $490.23 million, a P/E ratio of -298.74, a P/E/G ratio of 3.32 and a beta of 0.44.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC bought a new position in Cross Country Healthcare in the 4th quarter valued at about $25,000. Plato Investment Management Ltd bought a new position in Cross Country Healthcare during the fourth quarter valued at about $46,000. Truvestments Capital LLC acquired a new position in Cross Country Healthcare during the third quarter worth about $39,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Cross Country Healthcare in the third quarter worth about $49,000. Finally, Point72 DIFC Ltd acquired a new stake in Cross Country Healthcare in the 3rd quarter valued at about $52,000. Institutional investors and hedge funds 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.