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

StockNews.com initiated coverage on shares of Cross Country Healthcare (NASDAQ:CCRN) in a research note published on Saturday. The brokerage issued a hold rating on the business services provider’s stock.

Other analysts have also recently issued reports about the stock. William Blair cut shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. JMP Securities reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a report on Thursday, February 6th. Barrington Research reaffirmed a “market perform” rating on shares of Cross Country Healthcare in a report on Tuesday, December 10th. Benchmark cut shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, Truist Financial increased their price objective on shares of Cross Country Healthcare from $15.00 to $18.61 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $18.54.

Cross Country Healthcare Stock Up 0.1 %

CCRN opened at $18.20 on Friday. Cross Country Healthcare has a twelve month low of $9.58 and a twelve month high of $21.41. The stock has a market capitalization of $597.32 million, a price-to-earnings ratio of -363.93, a PEG ratio of 3.35 and a beta of 0.44. The firm has a 50 day moving average price of $17.85 and a 200-day moving average price of $14.90.

Hedge Funds Weigh In On Cross Country Healthcare

Several institutional investors have recently bought and sold shares of the business. Systematic Financial Management LP raised its stake in shares of Cross Country Healthcare by 8.5% in the third quarter. Systematic Financial Management LP now owns 1,662,730 shares of the business services provider’s stock valued at $22,347,000 after acquiring an additional 130,746 shares during the period. State Street Corp raised its stake in shares of Cross Country Healthcare by 0.5% in the third quarter. State Street Corp now owns 1,334,353 shares of the business services provider’s stock valued at $17,934,000 after acquiring an additional 6,582 shares during the period. Royce & Associates LP raised its stake in shares of Cross Country Healthcare by 3.4% in the fourth quarter. Royce & Associates LP now owns 1,170,945 shares of the business services provider’s stock valued at $21,264,000 after acquiring an additional 38,379 shares during the period. Alpine Associates Management Inc. purchased a new stake in shares of Cross Country Healthcare in the fourth quarter valued at $10,552,000. Finally, Dana Investment Advisors Inc. raised its stake in shares of Cross Country Healthcare by 36.6% in the fourth quarter. Dana Investment Advisors Inc. now owns 552,875 shares of the business services provider’s stock valued at $10,040,000 after acquiring an additional 148,160 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.