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

Shares of Cross Country Healthcare, Inc. (NASDAQ:CCRN) have been assigned a consensus recommendation of “Hold” from the four ratings firms that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $18.54.

Several equities analysts have recently commented on the company. StockNews.com initiated coverage on Cross Country Healthcare in a research note on Saturday. They set a “hold” rating for the company. Barrington Research reiterated a “market perform” rating on shares of Cross Country Healthcare in a research note on Tuesday, December 10th. William Blair lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Truist Financial upped 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, December 5th. Finally, Benchmark downgraded Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th.

Cross Country Healthcare Stock Performance

Shares of CCRN opened at $17.90 on Wednesday. Cross Country Healthcare has a one year low of $9.58 and a one year high of $23.64. The stock has a 50-day moving average price of $12.59 and a 200 day moving average price of $13.85. The company has a market capitalization of $589.21 million, a P/E ratio of -358.00, a P/E/G ratio of 3.39 and a beta of 0.61.

Institutional Investors Weigh In On Cross Country Healthcare

A number of institutional investors have recently modified their holdings of CCRN. PDT Partners LLC bought a new position in Cross Country Healthcare during the 3rd quarter worth $856,000. Royce & Associates LP boosted its holdings in shares of Cross Country Healthcare by 51.4% during the third 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 period. Systematic Financial Management LP grew its position in shares of Cross Country Healthcare by 8.5% during the third quarter. Systematic Financial Management LP now owns 1,662,730 shares of the business services provider’s stock worth $22,347,000 after acquiring an additional 130,746 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Cross Country Healthcare by 288.0% during the third quarter. BNP Paribas Financial Markets now owns 54,967 shares of the business services provider’s stock worth $739,000 after acquiring an additional 40,799 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in shares of Cross Country Healthcare in the 3rd quarter worth about $1,128,000. Institutional investors own 96.03% of the company’s stock.

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.