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

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

Several other equities analysts have also recently commented on the company. Barrington Research reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a report on Tuesday, December 10th. William Blair lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Truist Financial raised their target price on Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Finally, Benchmark lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $18.54.

Cross Country Healthcare Stock Performance

Shares of CCRN opened at $18.06 on Friday. The company has a 50-day simple moving average of $12.48 and a 200-day simple moving average of $13.83. Cross Country Healthcare has a 52 week low of $9.58 and a 52 week high of $23.64. The firm has a market capitalization of $594.48 million, a P/E ratio of -361.20, a P/E/G ratio of 3.39 and a beta of 0.61.

Hedge Funds Weigh In On Cross Country Healthcare

Hedge funds and other institutional investors have recently modified their holdings of the stock. Truvestments Capital LLC bought a new position in Cross Country Healthcare during the 3rd quarter valued at about $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Cross Country Healthcare during the third quarter worth approximately $49,000. nVerses Capital LLC bought a new position in shares of Cross Country Healthcare in the second quarter valued at approximately $50,000. Point72 DIFC Ltd acquired a new position in shares of Cross Country Healthcare in the 3rd quarter worth approximately $52,000. Finally, Gladius Capital Management LP grew its position in Cross Country Healthcare by 83.4% during the 3rd 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 during the last quarter. Institutional investors own 96.03% of the company’s stock.

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.