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

Equities researchers at StockNews.com began coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the business services provider’s stock.

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

Cross Country Healthcare Stock Performance

Cross Country Healthcare stock opened at $17.90 on Friday. The firm has a market capitalization of $589.21 million, a PE ratio of -357.93, a price-to-earnings-growth ratio of 3.39 and a beta of 0.61. Cross Country Healthcare has a one year low of $9.58 and a one year high of $23.64. The stock’s 50 day moving average price is $13.15 and its 200 day moving average price is $13.97.

Institutional Investors Weigh In On Cross Country Healthcare

A number of institutional investors have recently modified their holdings of the stock. Raymond James & Associates increased its holdings in Cross Country Healthcare by 0.7% in the second quarter. Raymond James & Associates now owns 165,324 shares of the business services provider’s stock valued at $2,288,000 after buying an additional 1,155 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Cross Country Healthcare by 3.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 304,956 shares of the business services provider’s stock valued at $4,221,000 after acquiring an additional 9,090 shares in the last quarter. nVerses Capital LLC bought a new position in Cross Country Healthcare during the second quarter worth $50,000. Versor Investments LP boosted its holdings 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 worth $172,000 after purchasing an additional 2,100 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Cross Country Healthcare by 15.4% during the second quarter. Victory Capital Management Inc. now owns 136,075 shares of the business services provider’s stock valued at $1,883,000 after purchasing an additional 18,152 shares during 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.