Cross Country Healthcare (NASDAQ:CCRN) Research Coverage Started at StockNews.com

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

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

Cross Country Healthcare Price Performance

Shares of CCRN opened at $17.97 on Friday. Cross Country Healthcare has a 1-year low of $9.58 and a 1-year high of $23.64. The firm has a 50 day simple moving average of $13.15 and a 200-day simple moving average of $13.97. The stock has a market cap of $591.52 million, a price-to-earnings ratio of -359.33, a price-to-earnings-growth ratio of 3.39 and a beta of 0.61.

Institutional Trading of Cross Country Healthcare

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCRN. Raymond James & Associates raised its holdings in Cross Country Healthcare by 0.7% in the 2nd quarter. Raymond James & Associates now owns 165,324 shares of the business services provider’s stock valued at $2,288,000 after acquiring an additional 1,155 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Cross Country Healthcare by 14.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,169 shares of the business services provider’s stock worth $137,000 after buying an additional 1,250 shares during the period. Gladius Capital Management LP lifted its stake in shares of Cross Country Healthcare by 83.4% in the 3rd quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 1,812 shares during the period. GAMMA Investing LLC grew its position in shares of Cross Country Healthcare by 32.8% during the 3rd quarter. GAMMA Investing LLC now owns 7,543 shares of the business services provider’s stock worth $101,000 after buying an additional 1,865 shares during the period. Finally, Versor Investments LP increased its stake in Cross Country Healthcare by 20.4% in the second quarter. Versor Investments LP now owns 12,400 shares of the business services provider’s stock valued at $172,000 after purchasing an additional 2,100 shares in the last quarter. 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.