Cross Country Healthcare (NASDAQ:CCRN) Lowered to “Hold” Rating by William Blair

William Blair downgraded shares of Cross Country Healthcare (NASDAQ:CCRN) from a strong-buy rating to a hold rating in a research report report published on Wednesday,Zacks.com reports.

A number of other research analysts have also issued reports on CCRN. Benchmark lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Barrington Research lowered their price objective on shares of Cross Country Healthcare from $21.00 to $19.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Truist Financial increased their target price on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Cross Country Healthcare currently has a consensus rating of “Hold” and a consensus price target of $18.54.

Cross Country Healthcare Trading Up 0.1 %

Shares of NASDAQ:CCRN opened at $18.08 on Wednesday. The company has a 50 day moving average of $11.96 and a 200-day moving average of $13.71. The firm has a market cap of $595.14 million, a P/E ratio of -361.60, a P/E/G ratio of 2.13 and a beta of 0.61. Cross Country Healthcare has a twelve month low of $9.58 and a twelve month high of $23.64.

Hedge Funds Weigh In On Cross Country Healthcare

Institutional investors and hedge funds have recently modified their holdings of the stock. SummerHaven Investment Management LLC grew its stake in Cross Country Healthcare by 3.8% in the second quarter. SummerHaven Investment Management LLC now owns 28,376 shares of the business services provider’s stock valued at $393,000 after purchasing an additional 1,032 shares in the last quarter. Raymond James & Associates grew its stake in shares of 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 valued at $2,288,000 after buying an additional 1,155 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of 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. Price T Rowe Associates Inc. MD increased its holdings in Cross Country Healthcare by 9.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,639 shares of the business services provider’s stock worth $312,000 after buying an additional 1,450 shares during the last quarter. Finally, Gladius Capital Management LP raised its position in 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 valued at $54,000 after acquiring an additional 1,812 shares in the last quarter. 96.03% of the stock is currently 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.