Cross Country Healthcare, Inc. (NASDAQ:CCRN) Given Consensus Recommendation of “Hold” by Analysts

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has received a consensus recommendation of “Hold” from the four ratings firms that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $18.54.

Several research firms have commented on CCRN. Truist Financial lifted their target price on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a research report on Thursday, December 5th. William Blair cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. StockNews.com assumed coverage on Cross Country Healthcare in a research note on Sunday. They issued a “hold” rating for the company. Benchmark cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, Barrington Research restated a “market perform” rating on shares of Cross Country Healthcare in a research report on Tuesday, December 10th.

Institutional Investors Weigh In On Cross Country Healthcare

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC boosted its position in Cross Country Healthcare by 3.8% during the second quarter. SummerHaven Investment Management LLC now owns 28,376 shares of the business services provider’s stock worth $393,000 after purchasing an additional 1,032 shares during the period. Raymond James & Associates boosted its holdings in Cross Country Healthcare by 0.7% in the 2nd quarter. Raymond James & Associates now owns 165,324 shares of the business services provider’s stock worth $2,288,000 after buying an additional 1,155 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Cross Country Healthcare by 14.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,169 shares of the business services provider’s stock valued at $137,000 after buying an additional 1,250 shares in the last quarter. Gladius Capital Management LP lifted its position in shares of Cross Country Healthcare by 83.4% during the third quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider’s stock worth $54,000 after acquiring an additional 1,812 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Cross Country Healthcare by 32.8% in the third quarter. GAMMA Investing LLC now owns 7,543 shares of the business services provider’s stock worth $101,000 after acquiring an additional 1,865 shares during the period. 96.03% of the stock is currently owned by institutional investors.

Cross Country Healthcare Price Performance

CCRN opened at $17.91 on Wednesday. Cross Country Healthcare has a fifty-two week low of $9.58 and a fifty-two week high of $23.64. The firm has a market capitalization of $589.54 million, a P/E ratio of -358.13, a PEG ratio of 3.39 and a beta of 0.61. The company’s 50-day moving average is $13.04 and its 200 day moving average is $13.94.

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.