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

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

CCRN has been the subject of several other reports. Benchmark lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Truist Financial upped their price objective on 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 reiterated a “market perform” rating on shares of Cross Country Healthcare in a research note on Tuesday, December 10th. Finally, William Blair lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Cross Country Healthcare presently has an average rating of “Hold” and an average price target of $18.54.

Cross Country Healthcare Stock Performance

NASDAQ CCRN opened at $18.16 on Monday. Cross Country Healthcare has a one year low of $9.58 and a one year high of $23.64. The company has a 50-day simple moving average of $13.94 and a 200-day simple moving average of $14.14. The firm has a market capitalization of $597.77 million, a PE ratio of -363.13, a price-to-earnings-growth ratio of 3.39 and a beta of 0.61.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. increased its holdings in shares of Cross Country Healthcare by 3.8% during the second quarter. Pacer Advisors Inc. now owns 4,550,848 shares of the business services provider’s stock valued at $62,984,000 after purchasing an additional 165,032 shares during the period. Dimensional Fund Advisors LP increased its stake in Cross Country Healthcare by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,360,016 shares of the business services provider’s stock valued at $32,662,000 after buying an additional 24,363 shares during the period. Systematic Financial Management LP raised its position in shares of 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 in the last quarter. State Street Corp lifted its stake in shares of Cross Country Healthcare by 0.5% in the 3rd quarter. State Street Corp now owns 1,334,353 shares of the business services provider’s stock worth $17,934,000 after acquiring an additional 6,582 shares during the period. Finally, Royce & Associates LP lifted its stake in shares of 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 worth $15,222,000 after acquiring an additional 384,374 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.