Cross Country Healthcare (NASDAQ:CCRN) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a report published on Friday morning. The firm issued a hold rating on the business services provider’s stock.

Other equities research analysts also recently issued research reports about the stock. Barrington Research reissued a “market perform” rating and set a $18.61 price target on shares of Cross Country Healthcare in a research report on Friday, March 14th. 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 target on Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a report on Thursday, December 5th. JMP Securities reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a research report on Thursday, February 6th. Finally, William Blair lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Six 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 $18.41.

Cross Country Healthcare Stock Performance

Shares of CCRN stock opened at $15.00 on Friday. The company has a market capitalization of $492.20 million, a price-to-earnings ratio of -299.94, a price-to-earnings-growth ratio of 3.32 and a beta of 0.44. Cross Country Healthcare has a one year low of $9.58 and a one year high of $19.14. The company’s 50-day moving average is $17.04 and its 200 day moving average is $15.22.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Cross Country Healthcare by 4.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,386 shares of the business services provider’s stock worth $334,000 after purchasing an additional 817 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Cross Country Healthcare by 14.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,169 shares of the business services provider’s stock worth $137,000 after acquiring an additional 1,250 shares during the period. Quadrant Capital Group LLC purchased a new position in shares of Cross Country Healthcare during the 4th quarter worth $25,000. Geode Capital Management LLC grew its position in shares of Cross Country Healthcare by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 754,368 shares of the business services provider’s stock valued at $13,702,000 after acquiring an additional 2,112 shares during the period. Finally, Plato Investment Management Ltd purchased a new stake in shares of Cross Country Healthcare in the 4th quarter worth $46,000. 96.03% of the stock is owned by hedge funds and other institutional investors.

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.