Cross Country Healthcare (NASDAQ:CCRN) Now Covered by StockNews.com

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

CCRN has been the topic of several other reports. William Blair lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Barrington Research reissued a “market perform” rating on shares of Cross Country Healthcare in a research report on Tuesday, December 10th. Benchmark downgraded shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, 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 note on Thursday, December 5th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $18.54.

Cross Country Healthcare Stock Performance

CCRN stock opened at $18.16 on Wednesday. Cross Country Healthcare has a one year low of $9.58 and a one year high of $23.15. The company’s 50 day moving average price is $15.14 and its two-hundred day moving average price is $14.40. The company has a market capitalization of $597.77 million, a PE ratio of -363.13, a price-to-earnings-growth ratio of 3.39 and a beta of 0.46.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CCRN. Virtu Financial LLC purchased a new stake in Cross Country Healthcare in the third quarter worth $153,000. Barclays PLC increased its stake in shares of Cross Country Healthcare by 117.5% in the 3rd quarter. Barclays PLC now owns 80,277 shares of the business services provider’s stock worth $1,078,000 after acquiring an additional 43,372 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Cross Country Healthcare by 5,077.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 58,144 shares of the business services provider’s stock valued at $781,000 after acquiring an additional 57,021 shares during the period. XTX Topco Ltd purchased a new stake in Cross Country Healthcare in the third quarter worth about $312,000. Finally, Jane Street Group LLC increased its stake in shares of Cross Country Healthcare by 337.6% during the third quarter. Jane Street Group LLC now owns 181,492 shares of the business services provider’s stock valued at $2,439,000 after purchasing an additional 140,013 shares in the last quarter. Hedge funds and other 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.