Cross Country Healthcare’s (CCRN) Market Perform Rating Reaffirmed at JMP Securities

Cross Country Healthcare (NASDAQ:CCRN)‘s stock had its “market perform” rating reissued by stock analysts at JMP Securities in a report issued on Thursday,Benzinga reports.

Several other research analysts have also issued reports on the stock. StockNews.com began coverage on shares of Cross Country Healthcare in a research note on Friday, January 31st. They issued a “hold” rating for the company. William Blair lowered shares of Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Benchmark cut Cross Country Healthcare from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Truist Financial raised their price objective on Cross Country Healthcare from $15.00 to $18.61 and gave the company a “hold” rating in a research report on Thursday, December 5th. Finally, Barrington Research reissued a “market perform” rating on shares of Cross Country Healthcare in a report on Tuesday, December 10th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $18.54.

Cross Country Healthcare Stock Down 0.1 %

Shares of CCRN stock opened at $18.18 on Thursday. The business’s fifty day moving average is $17.70 and its 200 day moving average is $14.89. The stock has a market cap of $596.67 million, a price-to-earnings ratio of -363.53, a PEG ratio of 3.35 and a beta of 0.44. Cross Country Healthcare has a twelve month low of $9.58 and a twelve month high of $21.41.

Hedge Funds Weigh In On Cross Country Healthcare

Hedge funds have recently added to or reduced their stakes in the company. Systematic Financial Management LP boosted its stake in Cross Country Healthcare by 8.5% during the 3rd quarter. Systematic Financial Management LP now owns 1,662,730 shares of the business services provider’s stock valued at $22,347,000 after purchasing an additional 130,746 shares during the last quarter. State Street Corp boosted its position in shares of Cross Country Healthcare by 0.5% during 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 buying an additional 6,582 shares during the last quarter. Royce & Associates LP increased its holdings in Cross Country Healthcare by 51.4% in the 3rd quarter. Royce & Associates LP now owns 1,132,566 shares of the business services provider’s stock worth $15,222,000 after buying an additional 384,374 shares in the last quarter. Alpine Associates Management Inc. purchased a new position in Cross Country Healthcare in the 4th quarter worth about $10,552,000. Finally, Dana Investment Advisors Inc. lifted its stake in Cross Country Healthcare by 36.6% during the 4th 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. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Cross Country Healthcare Company Profile

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.