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

StockNews.com assumed coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a research report sent to investors on Monday morning. The firm issued a hold rating on the business services provider’s stock.

CCRN has been the subject of several other research reports. William Blair downgraded shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. JMP Securities reiterated a “market perform” rating on shares of Cross Country Healthcare in a research note on Thursday, February 6th. Benchmark cut shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Barrington Research reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a report on Tuesday, December 10th. Finally, Truist Financial boosted their price objective on Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a research note on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $18.54.

Cross Country Healthcare Stock Performance

CCRN stock opened at $17.29 on Monday. Cross Country Healthcare has a fifty-two week low of $9.58 and a fifty-two week high of $19.25. The stock has a fifty day moving average of $18.10 and a 200-day moving average of $15.01. The company has a market capitalization of $567.39 million, a price-to-earnings ratio of -345.73, a PEG ratio of 3.32 and a beta of 0.44.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Pinnacle Associates Ltd. raised its position in shares of Cross Country Healthcare by 14.9% in the third quarter. Pinnacle Associates Ltd. now owns 342,315 shares of the business services provider’s stock worth $4,601,000 after buying an additional 44,496 shares in the last quarter. Congress Asset Management Co. increased its stake in Cross Country Healthcare by 8.0% in the 3rd quarter. Congress Asset Management Co. now owns 358,917 shares of the business services provider’s stock worth $4,824,000 after acquiring an additional 26,470 shares during the last quarter. US Bancorp DE raised its holdings in shares of Cross Country Healthcare by 10,909.3% in the 3rd quarter. US Bancorp DE now owns 4,734 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 4,691 shares in the last quarter. Royce & Associates LP boosted its position in shares of Cross Country Healthcare by 51.4% during 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 acquiring an additional 384,374 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Cross Country Healthcare by 5.3% during the third quarter. Empowered Funds LLC now owns 128,362 shares of the business services provider’s stock worth $1,725,000 after purchasing an additional 6,432 shares in the last quarter. 96.03% of the stock is owned by institutional investors.

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.