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

Cross Country Healthcare, Inc. (NASDAQ:CCRN) has received a consensus rating of “Hold” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $18.41.

Several research firms have weighed in on CCRN. Truist Financial lifted their target price on Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a report on Thursday, December 5th. William Blair lowered Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. StockNews.com began coverage on shares of Cross Country Healthcare in a report on Friday. They set a “hold” rating on the stock. Barrington Research reiterated a “market perform” rating and issued a $18.61 price target on shares of Cross Country Healthcare in a report on Friday, March 14th. Finally, JMP Securities restated a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th.

Cross Country Healthcare Stock Performance

CCRN opened at $15.11 on Friday. Cross Country Healthcare has a twelve month low of $9.58 and a twelve month high of $19.14. The firm has a market cap of $495.80 million, a PE ratio of -302.14, a price-to-earnings-growth ratio of 3.32 and a beta of 0.44. The firm’s fifty day moving average is $17.11 and its two-hundred day moving average is $15.19.

Hedge Funds Weigh In On Cross Country Healthcare

A number of large investors have recently bought and sold shares of the company. Magnetar Financial LLC bought a new position in Cross Country Healthcare in the fourth quarter valued at $41,421,000. Alliancebernstein L.P. grew its holdings in shares of Cross Country Healthcare by 443.7% in the 4th quarter. Alliancebernstein L.P. now owns 1,284,940 shares of the business services provider’s stock valued at $23,335,000 after acquiring an additional 1,048,605 shares in the last quarter. AQR Arbitrage LLC acquired a new stake in shares of Cross Country Healthcare in the fourth quarter valued at about $10,851,000. Alpine Associates Management Inc. bought a new stake in Cross Country Healthcare during the fourth quarter worth about $10,552,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Cross Country Healthcare during the third quarter valued at approximately $7,350,000. Institutional investors and hedge funds 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.