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

StockNews.com began coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a research note issued to investors on Monday. The brokerage set a “hold” rating on the business services provider’s stock.

Several other equities research analysts also recently issued reports on the stock. Benchmark downgraded shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Barrington Research reiterated 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 report on Wednesday, December 4th. Finally, Truist Financial upped their price objective 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. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $18.54.

Cross Country Healthcare Stock Performance

NASDAQ CCRN opened at $18.00 on Monday. The stock has a market cap of $592.51 million, a price-to-earnings ratio of -359.93, a PEG ratio of 3.39 and a beta of 0.61. The business has a 50 day simple moving average of $13.57 and a 200 day simple moving average of $14.06. Cross Country Healthcare has a 52-week low of $9.58 and a 52-week high of $23.64.

Hedge Funds Weigh In On Cross Country Healthcare

Several hedge funds have recently modified their holdings of CCRN. Truvestments Capital LLC bought a new position in shares of Cross Country Healthcare in the third quarter valued at $39,000. nVerses Capital LLC bought a new position in shares of Cross Country Healthcare in the 2nd quarter valued at about $50,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Cross Country Healthcare in the 3rd quarter valued at about $49,000. Point72 DIFC Ltd acquired a new position in shares of Cross Country Healthcare during the 3rd quarter worth about $52,000. Finally, Gladius Capital Management LP raised its holdings in shares of Cross Country Healthcare by 83.4% in the 3rd quarter. Gladius Capital Management LP now owns 3,985 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 1,812 shares during the period. 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.