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

Equities research analysts at StockNews.com initiated coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a research report issued on Tuesday. The firm set a “hold” rating on the business services provider’s stock.

CCRN has been the subject of several other research reports. JMP Securities restated a “market perform” rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Barrington Research restated a “market perform” rating and set a $18.61 price objective on shares of Cross Country Healthcare in a research report on Friday, March 14th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $18.41.

Cross Country Healthcare Stock Up 0.3 %

NASDAQ CCRN opened at $13.55 on Tuesday. Cross Country Healthcare has a 52 week low of $9.58 and a 52 week high of $18.50. The stock has a market capitalization of $444.25 million, a PE ratio of -270.95, a price-to-earnings-growth ratio of 3.32 and a beta of 0.25. The firm has a 50 day moving average of $15.09 and a two-hundred day moving average of $15.33.

Institutional Trading of Cross Country Healthcare

Institutional investors have recently modified their holdings of the stock. Magnetar Financial LLC purchased a new stake in Cross Country Healthcare in the 4th quarter valued at $41,421,000. Alliancebernstein L.P. raised its position in Cross Country Healthcare by 443.7% in the 4th quarter. Alliancebernstein L.P. now owns 1,284,940 shares of the business services provider’s stock valued at $23,335,000 after purchasing an additional 1,048,605 shares during the last quarter. AQR Arbitrage LLC purchased a new stake in Cross Country Healthcare in the 4th quarter valued at $10,851,000. Alpine Associates Management Inc. purchased a new stake in Cross Country Healthcare in the 4th quarter valued at $10,552,000. Finally, Chicago Capital Management LLC purchased a new stake in Cross Country Healthcare in the 4th quarter valued at $7,300,000. Hedge funds and other institutional investors 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.