Cross Country Healthcare, Inc. (NASDAQ:CCRN) Receives $18.50 Consensus Target Price from Analysts

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has been assigned a consensus rating of “Hold” from the five research firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $18.50.

CCRN has been the topic of a number of research analyst reports. Truist Financial cut their price objective on shares of Cross Country Healthcare from $17.00 to $15.00 and set a “hold” rating on the stock in a report on Monday, October 21st. Barrington Research cut their target price on shares of Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Finally, Benchmark cut their target price on shares of Cross Country Healthcare from $19.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, November 7th.

Hedge Funds Weigh In On Cross Country Healthcare

Hedge funds and other institutional investors have recently bought and sold shares of the company. Boston Partners purchased a new position in Cross Country Healthcare in the 1st quarter valued at $2,511,000. Royce & Associates LP grew its position in Cross Country Healthcare by 51.4% in the 3rd quarter. Royce & Associates LP now owns 1,132,566 shares of the business services provider’s stock valued at $15,222,000 after buying an additional 384,374 shares during the last quarter. BOKF NA purchased a new position in Cross Country Healthcare in the 1st quarter valued at $247,000. Pinnacle Associates Ltd. grew its position in Cross Country Healthcare by 14.9% in the 3rd quarter. Pinnacle Associates Ltd. now owns 342,315 shares of the business services provider’s stock valued at $4,601,000 after buying an additional 44,496 shares during the last quarter. Finally, Dana Investment Advisors Inc. grew its position in Cross Country Healthcare by 34.7% in the 2nd quarter. Dana Investment Advisors Inc. now owns 404,370 shares of the business services provider’s stock valued at $5,596,000 after buying an additional 104,136 shares during the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Cross Country Healthcare Trading Up 5.1 %

CCRN stock opened at $10.87 on Friday. Cross Country Healthcare has a twelve month low of $9.58 and a twelve month high of $23.64. The company’s 50 day moving average is $12.17 and its two-hundred day moving average is $13.83. The stock has a market cap of $357.81 million, a P/E ratio of -206.80, a PEG ratio of 1.97 and a beta of 0.65.

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.