Cross Country Healthcare, Inc. (NASDAQ:CCRN) Receives $18.54 Consensus Price Target from Brokerages

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have earned an average recommendation of “Hold” from the five analysts that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $18.54.

Several equities research analysts have recently commented on the company. JMP Securities reissued a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. StockNews.com assumed coverage on Cross Country Healthcare in a report on Tuesday, March 4th. They issued a “hold” rating for the company. Benchmark downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. William Blair downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, Truist Financial increased their price objective on Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a report on Thursday, December 5th.

Cross Country Healthcare Stock Up 0.8 %

Shares of CCRN opened at $15.93 on Monday. The stock has a market capitalization of $522.76 million, a P/E ratio of -318.54, a P/E/G ratio of 3.32 and a beta of 0.44. Cross Country Healthcare has a twelve month low of $9.58 and a twelve month high of $19.25. The company has a 50 day moving average of $17.92 and a 200-day moving average of $15.15.

Institutional Investors Weigh In On Cross Country Healthcare

Several hedge funds have recently added to or reduced their stakes in CCRN. Magnetar Financial LLC bought a new position in Cross Country Healthcare during the 4th quarter worth $41,421,000. Systematic Financial Management LP increased its position in Cross Country Healthcare by 8.5% during the 3rd quarter. Systematic Financial Management LP now owns 1,662,730 shares of the business services provider’s stock worth $22,347,000 after buying an additional 130,746 shares during the period. State Street Corp increased its position in Cross Country Healthcare by 0.5% during the 3rd quarter. State Street Corp now owns 1,334,353 shares of the business services provider’s stock worth $17,934,000 after buying an additional 6,582 shares during the period. Alliancebernstein L.P. increased its position in Cross Country Healthcare by 443.7% during the 4th quarter. Alliancebernstein L.P. now owns 1,284,940 shares of the business services provider’s stock worth $23,335,000 after buying an additional 1,048,605 shares during the period. Finally, Royce & Associates LP increased its position in Cross Country Healthcare by 3.4% during the 4th quarter. Royce & Associates LP now owns 1,170,945 shares of the business services provider’s stock worth $21,264,000 after buying an additional 38,379 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

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.