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

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

Other analysts have also issued research reports about the company. Benchmark lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. JMP Securities reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Truist Financial increased their price objective on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Barrington Research reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a report 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. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $18.54.

Cross Country Healthcare Trading Up 0.7 %

CCRN stock opened at $17.24 on Monday. The stock has a market capitalization of $565.75 million, a PE ratio of -344.73, a price-to-earnings-growth ratio of 3.32 and a beta of 0.44. The stock’s 50 day simple moving average is $18.12 and its 200 day simple moving average is $14.99. Cross Country Healthcare has a 12-month low of $9.58 and a 12-month high of $19.25.

Institutional Investors Weigh In On Cross Country Healthcare

A number of institutional investors have recently added to or reduced their stakes in the stock. BCK Capital Management LP purchased a new position in shares of Cross Country Healthcare during the fourth quarter valued at about $1,076,000. CSS LLC IL purchased a new stake in shares of Cross Country Healthcare during the 4th quarter worth approximately $828,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Cross Country Healthcare by 7.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 107,333 shares of the business services provider’s stock valued at $1,949,000 after acquiring an additional 7,278 shares during the last quarter. Squarepoint Ops LLC raised its stake in Cross Country Healthcare by 508.8% during the fourth quarter. Squarepoint Ops LLC now owns 255,362 shares of the business services provider’s stock valued at $4,637,000 after purchasing an additional 213,416 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in Cross Country Healthcare by 21.8% during the fourth quarter. Two Sigma Investments LP now owns 34,733 shares of the business services provider’s stock valued at $631,000 after purchasing an additional 6,215 shares during the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

Cross Country Healthcare Company Profile

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.